Moving into your first apartment rental is a very exciting thing. From starting the initial search all the way through to the turning the key in the door for the very first time, emotions are high and anything seems possible! It’s easy to lose your level head and forget about all of the responsibilities that come with becoming a renter, but overlooking these could lead to trouble later down the line. To make sure that you’re fully prepared for life as a renter, we’ve put together a list of all of the potential costs you might incur!
The most obvious cost associated with your new life in an apartment rental is, well, rent. This monthly cost won’t vary throughout the term of your lease (unless otherwise specified in your lease documents) and will have a specific due date, usually either the first or last day of the month. It’s important to remember that most landlords will require first month, last month, and likely a security deposit (equal to a month’s rent) prior to your move-in date.
While some apartment rental landlords do include the cost of utilities within the monthly rental fee, in most scenarios there will be at least a few utilities that you will need to pay for outside of your rent. This may include your electric costs, your water usage, gas (depending on the set-up of your apartment), sewage, and/or trash removal. If you’re unsure whether or not these things are included, you can ask your landlord or look through your lease agreement. It’s also important to remember that, if you are paying for these things outside of your monthly rent, you will need to contact them directly to switch the bill into your name.
Cable & Internet
Despite how happy it might make you to think otherwise, your cable and internet are traditionally not covered as a part of your monthly rent. If you want to equip your apartment rental with the best cable package and Wi-Fi, there’s a good chance that you’ll have to shell out some extra cash for it. Some landlords, however, will include basic cable as part of the rent. Again, this will be outlined in your lease agreement.
If you don’t feel like sharing your apartment rental with the great outdoors, you might want to consider pest control. Again, while some landlords will provide this as part of your monthly rental fee, others will insist that you implement this on your own. Depending on where you live, this may be of higher or lower priority. Monthly pest control is typically quite reasonable.
Another cost that you might not have thought of is parking. If your apartment community doesn’t offer on-site parking, there’s a good chance that you may have to pay for it! Some apartments will offer street parking at a lower cost, and others still provide parking garages at an additional cost. One way or the other, you’ll want to ask your landlord what the protocol is when it comes to parking your vehicle.
This is a cost that so often gets overlooked. If you’re used to living at home, you probably haven’t even thought of laundry as a potential cost. The fact, however, is that if your rental apartment doesn’t offer laundry facilities within the unit, there’s a good chance that you’re going to be paying for them! Even if there is an on-site laundry facility within your rental community, you’ll want to make sure that you stock up on the quarters so that you aren’t left with a whole bunch of dirty laundry!
What’s NOT Your Responsibility
With all this money talk, it’s also important to acknowledge that there are certain things you should absolutely NOT be paying for. If your landlord is asking for additional fees to pay for things such as community landscaping, upkeep of any shared spaces such as pools or laundry rooms, maintenance, or general property upkeep, you might want to start asking some questions. The costs for any normal maintenance and upkeep associated with the property or exterior building of your rental apartment should already be rolled into the cost of your rent.
Looking for an Apartment Rental in Hattiesburg or the Surrounding Area?
Now that you’re fully prepared to take on the full financial responsibility that moving into an apartment rental entails, it’s time to get to the exciting stuff and find you your perfect place. At Hattiesburg Apartments, LLC, we’ve teamed up with 17 of the finest apartment communities in the Hattiesburg area so that we could offer our client’s access to the best the area has to offer. We know you’ll be pleased with our selection, so take a look through our database of available properties and contact one of our team members to get started!