The work of shopping for and purchasing a new apartment can be overwhelming, regardless of whether you’re relocating out of your home for the first time, travelling across the nation for a job or love, or choosing a home with more rooms, a lower price, or in a newer neighbourhood.
The more planning you do, from the initial moments of casual searching up to moving day, the higher your chances are of just about everything going off without a problem.
How Long Does It RequireTo Rent An Apartment?
How long does it typically take to rent an apartment? Here is an estimate of how long each stage of the procedure will take.
Saving Up Around Six Months’ Worth Of Rent In Advance
In actuality, your hunt for an apartment starts long before you begin. You should set aside around six months’ worth of rent and other expenditures in advance because moving can be expensive. You may also have to pay a certain security deposit for the apartment. However, it’s better to constantly be saving for that eventuality because, let’s face it, you could not know you want to relocate due to a change in circumstances until just a few months (or fewer) before your lease expires.
There are numerous costs associated with renting an apartment in a new residence. It can cost very little as your first month’s rent plus an application fee to sign a lease, or it can cost as much as your first, last, and security deposit, equivalent to one month’s paying rent, as well as an application fee, background check fee, move-in fee, HOA fee, and parking or pet deposit. It can pile up quickly.
Make Your Search Forty To Sixty Days Before Move-In Day
Even after you’re prepared to begin looking (and are aware of your financial condition), renting an apartment can take several weeks. According to a study, around a third of applicants said they looked at more than 20 apartments before settling on one, and more than half of those polled claimed it took them more than three weeks to find a new apartment.
People search at different rates, so give yourself as much time as possible. Make sure you take your time and rent an apartment that satisfies your needs while striking the proper balance between location, cost, and all three.
Start Looking At Apartments Online Around Three Months
It can also be challenging to figure out where to begin looking for an apartment because so many of them are available, but if at all feasible, it’s a good idea to start looking at homes online approximately three months well before the big move. You also have to give proof of income for renting a home. The landlord or property manager will also conduct a credit check and your ability to pay rent before lending an apartment.
Before looking at actual apartments, start by choosing neighbourhoods you are interested in and researching what those regions offer to determine if they are the proper fit for you. Then start looking into and visiting the apartments that most interest you.
Online Virtual 3-D Tours
You can also conduct research online. Online virtual 3-D tours have replaced in-person viewings as the preferred apartment management and ownership method.
The great news is not only can you perform your search without leaving your living room and driving from site to site, but it has also levelled the playing field for people searching for an apartment in a different city or also on the other side of the country.
How Long Does It Take After Submitting An Application For An Apartment Before It Is Approved?
The rental application process can take a few days. The time it takes to get accepted for an apartment might range from 24 to 72 hours. You may also need to provide them with a pay stub. A previous prospective landlord or property manager may assess your application and background checks and respond to you between one day to 72 hours. However, it will depend on the property manager and the details you’ve provided; if your application has gaps, it may take longer.
What can you do to prevent it from taking longer, then? Here are some of the most crucial actions to remember when you apply to reduce the time it takes for your new apartment to be authorized.
Submitting A Completed Application To Rent An Apartment
As soon as you find a home you like, it would help if you asked for an application. The rental application can typically be obtained via the potential landlord, the leasing office, or online through the leasing website.
- Fill out your application completely and accurately.
- Give information such as your current address, phone number, bank statements, social security number, monthly income, license number, prior addresses, credit report, credit score, and place of employment.
- You should also include your current address and phone number. The landlord will also go through the screening process.
- Typically, a processing charge, bank statements, or application fee is also required for rental applications.
Conveniently Rent An Apartment With Saakin!
How long it takes to get an apartment is a complex question with no easy answers. It can take a few days or several weeks to complete. You might locate the one right away, or you might have to dig through 20 units before you find it.
Even then, an application and numerous background checks into your financial history are out of your control. Whatever direction your search goes, you can speed up the process with some planning and close attention to the schedule.
However, to make things as easy as possible, start your search with Saakin.qa where you can find helpful tips, neighborhood-level listings, and price estimates.
What could prevent the approval of your apartment application?
If you don’t provide all of your information, such as rental history, or don’t submit it all at once, the approval procedure for your apartment application may be delayed. The period between submitting your application and approving it will lengthen if the landlord needs to contact you for more supporting documentation. It may take longer to gather and submit additional documentation if your landlord decides they need it because some landlords are pickier than others.
How long does it take you to rent a place?
A house can be rented in 30–60 days or less if priced correctly. To quickly fill vacancies, a reputable property management business will be able to conduct research, establish pricing based on the local market, and use aggressive advertising.