How Much Rent is Too Much Rent?

January 10, 2010

You want what every apartment renter wants: the most comfortable surroundings you can get for the lowest possible monthly rent. Some of today’s newly constructed apartment communities have taken luxury to an entirely new level. Some complexes have gas fireplaces, TV monitors by the front door, drive-through mail service, and office equipment for their tenants, among other creature comforts. Every renter has to consider the importance of amenities like these. Are they important enough to you to merit a rent increase of perhaps $200 more than the rent you pay now, at a modest yet affordable complex? While some of us consider an apartment as just a place to hang one’s hat, others place a premium on home surroundings. But how do you determine how much you can stretch your budget — without ending up in the poorhouse in the process?

One suggestion, provided by Metropolitan Life Insurance Company, is to spend no more than 25 percent of your monthly gross income on your rent. For example, if your annual salary is $30,000 per year, or $2,500 per month, you shouldn’t plan to spend more than $625 per month on rent. And although it goes without saying, it’s important to remember that the extra money you allocate for rent in a slightly more upscale complex means less money for your other expenses — utilities, loan payments, entertainment, food, and most important, savings.

Here’s a short checklist of factors, provided by Florida-based Apartment Hunters, that you’ll want to consider when checking out a neighborhood. Of course, some of these factors may mean more to you than others, and you may want to consider some additional factors of your own.

* Is it close to your place of employment? * Is the neighborhood safe? * Is it close to a good school system? * Is it close to your church? * Is it close to stores, banks and the post office? * Is it close to public transportation? * What are the parking regulations (if you own a car)?

First-time apartment renters share one thing in common: surprise at just how many hidden expenses they encounter. Hiring movers and paying your first month’s rent only represent two small pieces of what can be a rather expensive pie. In addition, you’re going to be subjected to a credit check, and you’re required to prove that your gross monthly income is at a certain level, in order to provide your complex with some degree of security that you can pay your rent each month. So if you’ve overestimated your financial abilities in the past, either failing to make rent payments or credit-card payments, now is the time when that history could come back to haunt you. Here’s a brief run-down of some of those hidden expenses — and pre-move procedures — of which many renters either aren’t aware, or that they overlook in the excitement and bustle of moving:

Security deposits. Security deposits range from $100 to a full month’s rent; the average deposit is approximately $250. Some apartments require separate deposits for roommates. Credit application fees are generally $10 to $35.

Verifiable income. Verifiable gross monthly income is at least three times the monthly rent. For example, a rent of $500 would require a minimum of $1,500 gross monthly income.

Credit check. A credit check will be conducted by the apartment community or management company representing the community.

Rental history. Any previous rental history will be verified, and mortgage payments may be included as rental history. Additionally, some communities are also conducting criminal background checks.

Leases. All apartments require a written lease. Lease terms typically are seven to 12 months. Most leases are written for 12 months. Shorter lease terms and month-to-month options often are available at premium rates.

Utilities. You rent will often include sewer, water, trash, and pest control. Gas and electricity are almost always paid separately by the tenant.

Pet deposits. Although many apartment complexes allow pets, they require residents to pay dearly for the privilege of setting up house with Fido. Pet deposits are stiff, and tenants are charged per pet. Deposits range anywhere from $100 to $300 per pet, and either all or a portion is nonrefundable. Some complexes charge additional rent for pets — on top of the deposit. Pet size is commonly restricted to 20 pounds and 12 inches in height, although some communities do allow larger pets.

Last Minute New Years Buys Includes Modo Eyeglasses

Modo Eyeglasses

Modo Eyeglasses features many unmistakable lines that are sure to give even the most discerning eyewear customer precisely what they require. Modo tends to fulfill this by remaining as variegated as the city the brand calls home, New York, NY. There is something to appeal to every sensibilities within these varied lines designed by Modo. One unusual collection is Saki. Saki uses entirely natural materials such as Indian Buffalo horn and Indonesian teak to make eyeglass frames that are an unexpected while considered a welcomed departure from typical eyewear produced from synthetic materials.

Modo Eyeglasses features eyeglasses with superb craftsmanship and design innovation. Modo eyeglass frames are constructed with advanced technology featuring a titanium front that permits for both solid structure and durability while preserving a weight which is light as a feather. Modo eyeglass lenses also have unique M-DO Technology. This eight-layer process features polarized lenses and is notable for being the most advanced way known to filter out harmful UV rays, as well as glare and reflections. Every pair of Modo lenses start out of simple mineral glass, the most scratch-resistant optical material on the market today. M-DO Technology uses composites of this mineral glass and plastic to create remarkable lenses that are both lightweight and impact resistant. With Modo Eyeglasses, you can take part in the ush of New Years time of year while knowing that still you look stunningly put together even if you feel out of wits on the inside.

A Tip Pertaining to Send Flowers

What did you do to arrange that florists filled your order in times past? To begin with, you set out to locate a Florist close to where the flowers were going that could provide the delivery, which often turned out to be a lengthy rigmarole. You’d next have to get them on the phone, make the order, and you would be left with no way of assuring delivery time or the quality of the bouquet that was delivered. Nowadays, the ability to organize anniversary flower delivery using the Internet has changed all that. The only thing required to send a bouquet now is to point and click. On top of all that, when shopping through the Internet you don’t have to worry about all the hassles associated with the old system. You can order flowers worldwide without worrying. Also, online shops work with a wide network comprised of regional flower stores enabling them to deliver anniversary flowers to the USA, or anywhere else. Therefore, they are confident regarding what they offer and able to promise you that your flowers will be of excellent quality.

Since the often unstated advantage in online shopping is prices lower than retail, there is room for you to find a vendor known to supply quality while still providing a good range of prices. It’s commonplace within the industry to ask delivery fees. On top of this, some places will also ask additional charges when you schedule delivery of flowers to certain low-serving regions, which naturally you will want to avoid. The next step is to check that you can send flowers to your desired address, and that they have a satisfactory selection to deliberate amongst.

A wise choice can be to watch out for various special areas that Internet-based floral sites provide. These are pages ripe with themed bouquets for many important occasions along the lines of anniversaries, Mother’s Day, and many more. One of the signs of a great retailer in online commerce is that their customer service department will respond readily, helpfully and politely. It can be indicative of their performance and reliability in other areas.

There’s no question now that the best way to order flowers, whether for a husband, friends is to shop online. It is as straightforward as identifying your preferences and allowing the site to get your order where it’s meant to go.




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