Moving into your own apartment is an exciting process. Before you get to the steps of decorating and unpacking, however, there are some things to keep in mind before you sign that lease. Before taking the plunge, consider the real cost of renting an apartment in East Rutherford, NJ, beyond the rent. Here’s a quick rundown of all the other expenses you’ll encounter on a monthly or regular basis.
Security deposit, move-in fees, broker’s fee
It’s pretty standard for most property management companies and landlords to include a security deposit upon move-in, which is typically the same amount of a month’s rent. There may be other fees involved, like an application fee, a move-in fee, or if you used a broker to help you find your apartment, they’ll require a fee as well.
Cable, Internet, Utilities
These are all things that will not be covered in your monthly rent. You’ll need to set up an installation appointment, which will also often come with a fee. Some buildings have an existing relationship with certain services, so it’s smart to inquire about what those are so you can save yourself some cash.
This is something that will also contribute to the real cost of renting an apartment in East Rutherford, NJ. If a fire or flooding takes place, your belongings will be covered, so it’s a great idea to shell out a few extra dollars each month to keep yourself safe.
Storage Areas or Units
Depending on the size of your apartment, you may start to realize that space and storage is an obstacle. If you find you need some extra area to keep your belongings, check out what your building may offer. If they don’t have available space, consider renting out a storage unit nearby. These rates vary by size, capabilities, and location, so if this is something you think you may have to consider, add this into your budget.
Moving is stressful and time-consuming; from touring available apartments and transferring utility services to packing and physically moving, it can also be expensive. Movers can be expensive, especially depending on how much you own and how far away you’re relocating. If you decide to go the route of relying on your awesome friends, be sure to set aside some cash for pizza and other moving collateral to thank them for their hard work.
Taking into consideration the real cost of renting an apartment in East Rutherford, NJ, before you take the plunge is key. Save yourself the stress with just a little planning.