Common Apartment Renting Mistakes That Could Cost You Thousands of Dollars

Mortgage concept by money house from  coinsA well-guided apartment search can be quite enjoyable, especially when the house hunt isn’t eating up all your energy and resources. In an attempt to save money, many people choose to start looking for a new home in Cali on their own. For the same reason, they end up saying “no, thank you!” to a company offering them the chance to get affordable renter’s insurance. These are just a few misguided decisions that could impact your budget. Here are a few of the most common (and costly!) mistakes that you could ever make while striving to become the perfect tenant living in the perfect Californian rental.

  1. Not Getting Renters’ Insurance. You’ve finally met the most dependable landlord on the planet and it was love at first sight. You two are on the same page on so many levels and this incredible connection gives you the certainty that you won’t have to deal with major crises while renting his apartment. The truth is that, regardless of how well you get along with your landlord, major problems may arise out of nowhere. We’re not referring to large-scale natural disasters that are less likely to shake your reality; we are actually talking about incidents that are much more common, yet equally unpredictable, like an injury suffered by one of your guests on your property or damaged or stolen goods that may be difficult to replace. Renter’s insurance only costs around 20 dollars per month and represents a fraction of the expenses that you would have to cope with in the event of a burglary, home fire or any other similar emergency situation.
  2. Ignoring the Value of Your Goods. The goods that you store on your property may not be the most expensive items on the planet, but even so, in order to replace them you may have to spend thousands of dollars in the process if you are uninsured. According to a list of estimates published by Forbes, an average tenant may have to spend around $5,000 to replace computers, external hard drives and other gadgets, $6,000 to buy new clothes and shoes, $500 to get a new TV set, $2,000 to replace jewelry pieces and around $1,000 to purchase new dinnerware. However, the list is not definitive and can include several other items that you may store in your house. If you think that your lessor is responsible for your stuff, then you might be in for a truly unpleasant surprise, as landlord’s insurance does not cover the value of damaged goods owned by the tenant. The good news is that you can protect your own back by buying renter’s insurance. Things get a whole lot better if you have roommates: by paying just a couple of dollars more for this type of insurance policy, one of the roommates can add you to his or her policy; in this case, you wouldn’t have to get your own renter’s insurance policy. Bottom line: never underestimate the value of your goods. On the contrary, in order to prep yourself for the unforeseen, it is highly recommended to evaluate and inventory your most valuable goods, take pictures and store all these important documents in a safe spot.
  3. Conducting a House Hunt in Cali on Your Own

Here are a few reasons why starting a house hunt on your own in the great state of California could represent a major mistake impacting your resources:

  • Great Deals Come and Go. As you may already imagine, thousands of other potential tenants are hunting down the best offers on the local real estate market. Just like you, they are also looking for the lowest rental rates, paired with an above average level of comfort, great amenities and fantastic neighbors, if possible. While you may be consulting an endless list of sources to compare offers, another candidate could snatch the keys to a good rental from under your nose. This is why you make numerous phone calls and hear the person on the other end of the line saying: “Sorry, it’s rented!”
  • The Californian Real Estate Market Is Incredibly Diverse. California’s real estate market is an inexhaustible source of surprises and powerful contrasts. Just think about it: you could end up spending $3,000 on a 3-bedroom house based in Huntington Beach, while another tenant could pay anywhere from $750 to $875 per month on a superb 1 or 2-bedroom apartment comprised by a modern residential complex located in Fresno. In this case, flexibility and in-depth research represent the key to success. Check out recent listings provided by a large apartment finder, identify the best deals available in several Californian cities that may appeal to you and get in touch with landlords in a timely fashion, before anyone else.
  • The DIY Approach Can Cost You Time and Money. Just like any other unguided action, a DIY house hunt could make you waste a lot of time and money. On the other hand, just imagine that you could compare recent, verified listings in terms of features, price tags and amenities from the comfort of your own home and schedule appointments with landlords online, rapidly and stress-free. Wouldn’t this help you simplify your apartment search and avoid additional hassles?
  • Those Who Choose to Fly Solo May Expose Themselves to Rental Scams. These days, rental scams are not exactly uncommon. An article published by Sarah Gates in Huffington Post proves that anyone could easily become the victim of an “awful Craigslist rental scam.” If a deal seems somewhat shady or too good to be true, choose to consider other options. Don’t let anything and anyone trick or pressure you into renting an apartment when you don’t really feel ready to take this step. There will always be a better, safer solution waiting for you just around the corner. To avoid such problems linked to consumer fraud and/or Internet crimes, it is advisable to trust your gut, question everything and do an extensive background check on your landlord.

Have Faith in the Power of a Reliable Apartment Finding Service. Why waste energy, money and time looking for vacant Californian rentals on your own when you can spot the best deals with Apartment Hunterz in the most convenient manner? Start each day by taking a closer look at the new listings hosted by California’s largest apartment finder, save your favorites, compare different offers, contact landlords using the iConnect feature, schedule in-person meetings and submit your applications online. Instead of hiring a realtor, choose to use a tool that lets you explore the highest level of freedom and control while looking for a new roof over your head.