Renting an Apartment

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

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)

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

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

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

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

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

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)

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!