Archive for the ‘Corporate Housing’ Category

Choosing an Apartment

Tuesday, February 3, 2009 posted by admin

Choosing an Apartment

Few things in life can make as much of an impact upon your happiness as the environment in which you live. Choosing a new place to live can be a stressful event in the best of circumstances, but if you choose the wrong accommodations, that stress will only grow over time. If the reason for your move is to take a new job, your work performance can be severely affected by poor living arrangements. There are a number of important considerations that you need to take into account when selecting new living quarters.

We’ll focus on choosing an apartment since buying a home adds an entirely different level of complexity. The first thing to consider is cost. Consider the cost of rent, utilities, groceries, gasoline or other commuting expenses, the cost of furnishing your apartment. Remember that furnishings include not only the big items like a kitchen table and chairs, a bed, and the other big furniture, but also smaller things like kitchen utensils, pots and pans, bed linens and blankets, towels, household cleaners, lighting, and perhaps even appliances if they don’t come with the apartment. There’s also a security deposit and the first and last month’s rent to consider. Make sure you have ample room in your budget for all of the one time and recurring expenses that you will incur for the new living space. The last thing you want to do is start relying on credit cards for your living expenses. Plan for occasional unplanned expenses as well with a cash reserve that is easily accessible, but which is only used for essential emergencies.

Choosing the location involves several factors. While the neighborhood may seem peaceful and pleasant during the day when you check out the apartment, make sure that you also drive through during the evening and on week-ends to make sure it doesn’t change character at other times. Consider your commuting distance. How much time will it take you to travel to and from work each day? Don’t forget about other regular travel distances such as grocery stores and gas stations. If you have children you’ll want to check not only the distance to the school, but also the quality and character of the school. Location can also have a big effect on your costs. Expect to pay substantially more for more desirable neighborhoods.

The size of the apartment is another factor that can affect your daily comfort. A small studio apartment may be fine if that’s all you can afford, but plan out your space before choosing. Is there room to cook, work from home, and put all your current furniture? Living in a cramped space can affect your emotional disposition, and even your social life. If you don’t have room for guests, you’ll either have to forego social activities or plan to spend money more going out with friends.

Also think about the length of the lease. If you are committed to a one year lease, you have little choice but to stick it out for the duration unless the lease allows subletting – and you can find someone willing to live there. If you are only planning for a stay of a few months, while looking for a house to buy, for example, you may want to consider short term corporate housing. Corporate housing generally consists of fully furnished apartments that are available for terms of 30 days or more, but which don’t require extended leases. These corporate apartments are often supplied with everything you need to move in and be comfortable right down to such details as linens and kitchen utensils. Often, even telephone service and utilities are included in the monthly rental fee and will be already turned on when you arrive to move in.

Whether for the short term or the long haul, choosing your living arrangements is one of the most important decisions you make. A bad choice can tie you down for up to a year if you can’t break the lease agreement. That’s a long time to live in an unhappy situation.