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Renting an Apartment. Advantages of Renting Instead of Buying a Place to Live Mobility Minimal Responsibilities Financial Freedom – spend less on housing.

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Presentation on theme: "Renting an Apartment. Advantages of Renting Instead of Buying a Place to Live Mobility Minimal Responsibilities Financial Freedom – spend less on housing."— Presentation transcript:

1 Renting an Apartment

2 Advantages of Renting Instead of Buying a Place to Live Mobility Minimal Responsibilities Financial Freedom – spend less on housing than homeowners do

3 Disadvantages of Renting Do not gain equity Cannot remodel and decorate as you please Must follow rules set by other people (landlord) Not really yours (no ownership)

4 Selecting an Apartment Defining Housing Needs Locating Suitable Units Conducting and Inspection Evaluating Lease Terms

5 Defining Housing Needs Location- close to campus or work?? Space/Size – 1 bedroom, 2 bedroom, studio Furnishings

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15 Locating Suitable Units Newspaper and internet – classified ads Ask friends Rental Agencies Look for signs posted

16 Conducting an Inspection Safety (lights) Security Fire Exit Neighbors – age & attitude Parking Cleanliness Painted Walls?

17 Conducting an Inspection Plumbing Appliances Door Locks – changed? Windows Drapes Storage Furnishings Privacy?

18 Evaluating Lease Terms Parking Included Laundry on premises Rent/due date Length of lease Security deposit Utilities Ending lease/subletting Repairs & maintenance Landlords right to enter Restrictions (pets,parties)

19 When a conflict arises… and it probably will! Rules for good discussion: Focus on the behavior- not your roommate. "Own" your feelings. Remember- no one can make you feel something- you choose to feel that way. Try and listen to your roommate's perspective. Let him/her speak without interruption. Make sure you understand what is being said. Never assume anything. Remember that this is not a win lose situation. The goal is to find some kind of compromise with which you can all live. Try to remain calm!


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