5 Things That You Should Know before Renting an Apartment in San Francisco
Are you contemplating the idea of selling all your stuff and relocating to a city that would always give you something to do and see and help you prevent boredom? If your answer is yes, then maybe you should start looking for a rental in San Francisco, the vibrant Californian city who has inspired many prominent personalities, including Anthony Bourdain, who made shocking statement, declaring the following: “Anyone who doesn’t have a great time in San Francisco is pretty much dead to me.”
Why Should You Consider Moving to San Francisco?
Jokes and exaggerations aside, we could probably give you one million different reasons that would justify your intention to pack your bags and start a new life as a tenant in San Francisco. The friendly people, countless attractive job opportunities in different sectors, wonderful golden sunsets, beautiful rolling hills and majestic surrounding forests are only a few of the elements that define this pretty picture.
Believe it or not, San Francisco is the only city in the world that has actually found a name for its fog: Karl the Fog is incredibly active on Twitter and shares the funniest messages that could put a smile on your face even after the most stressful day at work. “Goodnight San Francisco. May you dream of finding someone special who responds to your texts with more than one word answers” is the kind of statement that makes you love Karl the Fog and realize that even the least pleasant factors can gain positive connotations in San Francisco.
The ever-changing weather stops you from investing in seasonal clothing storage and lets you wear your best-loved wardrobe highlights year-round. Moreover, San Francisco is a dreamy environment with redwood forests, cool beaches and mountains. If you’re into spicy Mexican food, you’ll want to spend the rest of your days in this city, which is also famous for its healthy bike epidemic, great famers’ markets, huge parks and a nurturing sense of community. In a nutshell, San Francisco is filled with temptations that may convince you to pour all your savings into a for rent or for sale property.
5 Things That You Should Know before Renting a Place in San Francisco
Now that we have shown you the main advantages that your big move could help you unlock, perhaps it’s time to take a closer look at different aspects that you should consider before starting your first apartment search in San Francisco.
- Renting an Apartment in San Francisco Isn’t Exactly Cheap. How much money do you have in your bank account and how much do you expect to make on a monthly basis? Based on these answers, you can figure out whether or not a San Francisco rental would be the perfect match for you. As a recent article published by Huffington Post points out, you would have to earn at least $137,129 per year to be able to afford a new roof over your head in San Francisco. According to the same source, the most expensive city in America is constantly getting more expensive, and can become the core of a tenant’s worst nightmare. With rental rates exceeding the $4,000 milestone, it’s safe to say that you would require significant financial support to get the keys to a 2-bedroom apartment located in San Francisco’s most desirable neighborhoods, such as Dogpatch and South Beach, where rentals are in the $4,300 range.
- You Can Always Target a Few Budget-Friendly Neighborhoods in San Francisco. Truth be told, some parts of the city let you discover attractive rentals carrying less prohibitive price tags. For instance, the foggy Richmond District comprises more than a few appealing for rent properties that you could occupy for approximately $2,750 per month. Not many people could afford to list these options as bargains, but still, a house under $2,800 per month available in this area, or in other cheaper neighborhoods such as Oceanview, Outer Sunset or Excelsior, is the most convenient alternative to that $4,170 Panhandle –based rental apartment that you like to daydream about, but can’t afford.
- The Local Real Estate Market Is Extremely Diverse. From single-family homes in the $2,000 range to small studios that cost twice as much, San Francisco will always overwhelm you with a great variety of properties for rent, matching different budget, lifestyles and expectations. This is one of the reasons why it is so important to count on a great apartment finding service to spot and compare properties with just a few clicks before investing a dime in a new home.
- Buying May Not Be the Best Call. Yes, you could choose to bring stability to your life and take on new responsibilities by exploring the advantages of home ownership. At the end of the day, if you can afford to buy a piece of real estate, you could always turn your new house or apartment into a high-end rental to supplement your income and strike gold as a landlord. However, you should know that this option is feasible only if you’re already sitting on a pile of money, given that the median home sales price is estimated at $1,080,000 and reflects a 13% increase compared to the numbers reported one year ago, while the average listing price is $1,337,951 and indicates a 1.6% growth, according to the stats published by Trulia.
- You Can Always Find the Most Attractive Rentals in Your Price Range with Apartment Hunterz. Even when you’re intimidated by sky-high costs and your lack of information related to local real estate markets, you can still find convenient rentals in San Francisco and in any other Californian city, using the data provided by Apartment Hunterz. Take a look at thousands of recent listings, pick and save your favorites and benefit from an ample collection of tools especially designed to turn your apartment search into a lovely experience.