Question: How Do I Choose The Right Apartment?

Are first floor apartments dangerous?

Sadly, safety can indeed be an issue with first-floor units.

“The first floor is the easiest access point—and basement-level apartments may be out of the eye line of passersby, giving thieves an added layer of protection,” Rose says..

What day are apartments cheapest?

The winter months are an undesirable time for moving. The beginning of the month is when rates are lowest. Also, Monday or Tuesday are the cheapest days.

Can I get an apartment with a 540 credit score?

People with credit scores that are above 400 are finding good apartments, meaning that anyone with a credit score of 540 can find one, too. But the task won’t be easy since people with better credit scores will also have their eye on the apartment and would have already made a bid.

What is the best time to look for an apartment?

The lowest rental rates are found during the winter months, between January and March, as demand is lowest then. An apartment search should begin in the middle of the month prior to the target move month.

Why are top floor apartments more expensive?

Many people like having a top floor apartment—no neighbors above means no thumps and bumps. The top floor may cost you more than just extra calories as you huff it up and down the stairs, however. … Third floor units often offer vaulted ceilings, which are cool for aesthetic but bad for budgets.

What is the best month to move into an apartment?

The “best” months to rent are between December and March (during the winter). Conversely, the “worst” months are between May and October (during the summer). This relationship held for all cities that we looked at (and for both 1 and 2-bedroom apartment units), regardless of region.

Is it better to rent or buy apartment?

For those who aren’t quite ready to purchase their own home, renting is a very viable alternative to buying. Renters get to save on upkeep and recurring expenses, and costs such as taxes, insurance, and maintenance are less of an issue as a renter.

Why are first floor apartments cheaper?

Lower cost Choosing the first-floor apartment, then, means lower demand and possibly lower rent. This may not be advertised, so just ask the leasing agent; you might get a nice surprise. Because heat rises (see above) you may also have a lower utility bill. A westward-facing window could offset this, however.

Which score do apartments use?

620Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate they are a high risk renter. What can you do if you think you have bad or no credit?

Which floor is the best for a apartment?

The first floor is probably ideal if you have kids, dogs, or make big grocery hauls. Depending on the apartment complex, bottom floor units are sometimes less expensive. They’re also more likely to be vacant than more desirable top floor apartments. Safety on the first floor comes with a significant win.

What is the best month to move?

Most Americans move between May and September, so if you’re looking for options, the best time to move is probably going to be during the spring and summer months.

Can I get an apartment with a 580 credit score?

Originally Answered: Can you get an apartment with 580 credit score? The answer here is possibly. Some low credit scores are due to lack of credit and not poor payment history. … If you have a history of not paying your bills you might be asked for a co-signer.

Can I get an apartment with a 750 credit score?

FICO Credit Score Ranges Some lenders might even loan you a mortgage at below a 600, but with very high-interest rates. However, don’t be surprised if this is not high enough for some. Most landlords will consider above 700 a safe bet, although you might very occasionally run into some that want a 750 and higher.

What should I look for when buying an apartment?

Five Things to Consider When Buying an ApartmentLocation. The building’s location as well as its proximity to amenities such as shops, transport, beaches, parks, libraries and open space are factors that should be high on your shopping list. … Aspect and Layout. … Vertical Communities. … Strata Title. … Building Amenities.