Renting your first apartment ranks among the best days of your life. It signifies freedom, responsibility, and adulthood. It’s not a dorm room; it’s your place. But before you go signing a lease, here are 11 questions you need to ask the landlord first.What utilities are there, and who pays them?
Most apartments cover trash pickup and water, but you’re on your own for electric and gas. However, some apartments do have water meters, and you’re responsible for all the utilities. Water can add from $50 to $500 to monthly costs, so make sure you (1) ask who pays the water and sewage and (2) call the local utility company to get the average water use and cost for the apartment [...]
Buying or renting your first new home or apartment can be both exciting and scary. Most parents don’t think to involve their children when they’re in the middle of shopping for a new place to live and so for many of us, we’re on our own when it comes time to find our own place for the first time. However you aren’t really alone. Guides like this one can be a valuable resource, but don’t forget to rely on your realtor as well. They have likely been involved in more purchases and sales than you’ll ever see in your lifetime, and their goal is to find you a place to live that you’ll be happy with for years to come.
That said, it never hurts to be prepared so that you know what you [...]
Landlords have a bad enough reputation without asking illegal questions of potential tenants or homebuyers. But that doesn’t mean some of them won’t ask them anyway. That’s why it’s important to know your rights before renting or buying.
Your rights as a homebuyer or renter are all covered in The Fair Housing Act, (FHA). This 1968 Act protects people from discrimination when they are renting, buying, or securing financing for any housing. In mortgage lending, for instance, no one may take any of the following actions based on race, color, national origin, religion, sex, familial status or handicap (disability):Refuse to make a mortgage loan Refuse to provide information [...]