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Setting Your Rental Priorities
   
  Most of us have a vague idea of what we want in a rental unit. Safety, convenience to stores or work, and specific amenities are typical requirements we use to weed out the rentals we don't want from the rentals we do want. But when you have a number of s to choose from, how do you go about selecting the right one? Do you just defer to your gut instinct and hope you don't make the wrong decision and get tied down by a lease in a place you hate? Identifying your renting priorities will not guarantee that you find the perfect place, but it will certainly help you choose a residence based on your likes and dislikes. The time you take will be worth it, even if you're the type who doesn't know what you want and need to completely reevaluate your own lifestyle. The smallest change in your living arrangements may turn into a big change in your lifestyle. Spending time on identifying what's most important in your next residence before you go home hunting can save you big headaches in the long run.

Prioritizing is a simple process of making a list of your preferences and ranking them. Once you have your list, you can apply it systematically to your home search. And when you're not living alone, you can combines priorities and ensure that both or all of you are satisfied with your home. Here is a step by step guide on how to prioritize your residence search.

  • Brainstorm on paper: Write down all the things you would like in a residence--the sky's the limit! What would the perfect have? A garage, a nice manager, a safe location, even purple wallpaper if that's important to you.


  • Number the items on your list: Try to rank your requirements. Put the most important things on the top of the list and least important on the bottom. This takes time. Usually you can begin by grouping requirements. At the very least, you need to identify the essential requirements--things the residence must have.
These are hard decisions so take your time. You should have at least three top requirements. A good priority list usually has 10 requirements--more than 10 is overwhelming, less than 10 might not be enough when rental units are very similar (especially if you're looking at a lot of large complexes).

For example, if you have a tight budget and can't go over $900 per month, the rental price would be priority number one. After the price, you might feel that peace and quiet is second on the list because you're a light sleeper. Third on your list might be parking because you're moving out of your current residence because you can't find parking on the street.

  • Apply your list to the rentals you're considering: How many requirements does the residence satisfy? If a residence meets all of them, it should obviously be your first choice. But it's rare for a residence to be that perfect. Most of the time, you go through a narrowing down process, which helps you throw out the homes you shouldn't waste any time on.


  • Making hard choices: Usually your priority list easily narrows down the group to two or three that have some but not all of what you want. Now come the hard choices. Perhaps one residence doesn't comply with priority number one and five on your list and another with numbers two and four. That's when a little soul searching is required. Why did you put the first priority on the top of the list? Was it indispensable or simply something you wanted but didn't absolutely need? You need to decide what you're willing to give up, if the residence has everything else you want.
REMAINING OBJECTIVE

Sometimes we throw out our priorities based on our intuition. If a residence is extremely appealing but is missing an essential requirement, you might decide to go for it. Chances are if it feels right, it will be fine. Before you sign the lease, however, step back and try to be objective. Why do your instincts tell you it's the best place? Do you like the landlord better than any of the others? Remember that landlords are on their best behavior when they first meet you. That great landlord could turn into your worst nightmare overnight after you sign the lease.

Is it some amenity that none of the others had? A great view or a washer/dryer in the unit is enough to make any renter lose his or her senses. You'll want to be sure that the awesome club house is worth parking three blocks away everyday.

Written by Leta Herman

Copyright 1998 Leta Herman
Distributed by Inman News Features
   
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