Having never lived in an apartment before, you might be overwhelmed about what to expect. First-time renters are usually excited about getting their own place and own space to stretch their legs and make it their own.  However, you may overlook a few key features when renting. This article goes through some of the best practices to have when renting. We hope that it helps.

Live Within Your Budget

Determine how much your budget is before you get started. Avail.com mentions, “The 30 percent rule advises renters to avoid paying more than 30% of their monthly adjusted income in rent to have money left over for other expenses. While this model is still practiced, it’s sometimes considered an outdated way of budgeting for rent. That’s why it may make more sense to use the 50-30-20 model, which means 50% goes towards fixed expenses like your monthly bills, 30% is used for miscellaneous expenses, and 20% goes to a savings account.” on calculating your budget. You might also want to consider other types of expenses you have, like entertainment, phone, utilities, car, insurance, etc. 

Set Goals For Saving If Home Buying

If you're wanting to purchase a home, it is more important than ever to set a budget for savings. Otherwise, it is very easy to spend the money you have each month living paycheck to paycheck. Set goals. This is perhaps the best way to meet your overall objective of purchasing a home sometime in the near future. If you can, get a lease that is longer and lowers your monthly payment.

Treat Your Rental Nicely

It goes without saying that treating your property nicely is a must. Don't put holes in the wall, don't create damage, and treat it with respect. After all, it isn't technically your property. It is the property owners. If you treat it with respect, when you move out, the security deposit you put down when you first moved in will be yours once more. And why would you want to throw away hundreds or thousands of dollars if you don't have to?

Final Thoughts

Townhomes near Charleston for rent is a great place to call home. Just remember that when you rent, it is quite different than owning your own home. You’ll be responsible for damages when it is time to move out, leases are shorter, and you’ll likely develop relationships with your neighbors. Renting isn’t as bad as some think. You’ll have less maintenance, no repairs, and a care-free living—just pay the bills.