5 Mistakes People Make When Renting an

Apartment in NYCNY Rent Own Sell

https://www.nyrentownsell.com

New York has one of the most complicated markets in Unites States. You might spend days finding the best apartment that suits you and end up knowing that your are not eligible for the apartment because of few mistakes.

Have a look at such mistakes you should avoid so that you do not suffer later

Not Visiting the Renting Site

This is the most common mistake that people make.

They sign on the document before actually visiting the site. Don’t get fooled by the beautiful picture online. May be your apartment is not as close to the supermarket as written, or may be there is no information about the leakage and other damages.

It goes without saying that you must visit the site before renting

Ignoring Small DamagesPeople generally take small cracks on the wall or dripping faucet lightly. Mind It!

You will be liable of the property and any sought of damage done to it once you move in. Even if its just a small crack, with time it will not remain small and your owner might ask you to pay the repiar bill and deny you for the security deposit

Take pictures of all the minor damages of the apartment and send them to the owner to avoid any confusions later.

Not Having Adequate PaperworkWell, nothing is more frustrating than not having adequate documents after having finalized the apartment.

This small mistake can cost you the apartment to another buyer, you know, New York has the most competitive rental market.

Keep your documents ready and together – letter of employment, tax return, bank deposits, photo ID copy etc.

Lacking Good Credit ScoreThis is really important. You should have a fair credit score, roughly between 620 to 659 to rent an apartment.

No matter what your income is, if you are having a low credit score, you might not end up on the winning side.

If you are hiring a broker, make sure that he knows about your credit score so that he can find you apartments accordingly

Setting Unrealistic ExpectationThing to note: Prices may vary in New York according to the location.

There will be a reason if the price is too high or too low. If its high, then the apartment might be at a prime location with all the facilities near by. On the other hand, if prices are too low then there are chances that the owner is cutting on the corner of the apartment that might have shortcomings.

Make sure to do your market research properly to know the prices of a certain size of an apartment in a certain location and with what facilities.

So the bottom line is that you need to do your market research properly before renting in NYC.

Keep your documents ready and try to maintain a good credit score.

For more information, visit https://www.nyrentownsell.com/blog/5-mistakes-people-make-when-renting-an-apartment-in-nyc/