Moving into a new apartment can be a great experience, but it can also come with a range of expenses that will take all of your savings if you do not prepare and get ready for it ahead of time. To help avoid some of that financial strain, you need to plan for and set aside money before you can move in. Some of the expenses that you will need to save for and be prepared for ahead of time includes:

# Security deposit:  This is a big one. Your landlord is going to ask for this deposit. You can get it back if you take good care of the apartment, but not until you move out. You will often need to pay an amount equal to one month’s rent, in addition to paying the first month’s rent before you move in.

# Moving expenses; Moving costs can vary depending on how far you plan to move, the size of your belongings, and whether you decide to do the move on your own or hire the professionals to get it done. Save up for that to make sure you have the money you need during this move.

# Furnishings: Unless you are moving into an apartment that has all of the items you need or you have a generous roommate who is able to bring it all, you will need to furnish your apartment and it can be expensive. You can go thrift shopping to find some cheaper options, but you can prioritize the necessities and then add more later. But save up enough to help you get some items for your living arrangement.

# Basic household items: This is going to include some of the things like cleaning supplies, towels, linens, cookware, utensils, and kitchenware. If you have a roommate, you can split this up a bit and go from there. But if you plan to move in on your own, then you will need to budget for all of this on your own, so save up ahead of time.

Finding the right home can take some time and effort. You need to shop around for one that makes sense for all your needs. That is why we encourage you to come take a look at some of our  HiFi neighborhood rentals to see if they are right for you. These homes will provide you with the great amenities and features that you are looking for, no matter what may be on your list of must-haves when picking out an apartment. Contact a member of our team today when you are ready to learn more and to tour.