{"id":6925,"date":"2017-09-27T15:54:08","date_gmt":"2017-09-27T19:54:08","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?p=6925"},"modified":"2023-07-24T12:55:25","modified_gmt":"2023-07-24T16:55:25","slug":"advice-for-your-future-kids-when-it-comes-to-their-first-apartment","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/advice-for-your-future-kids-when-it-comes-to-their-first-apartment\/","title":{"rendered":"Advice for Your Future Kids When it Comes to Their First Apartment"},"content":{"rendered":"

Moving out on your own for the first time is a pretty big step. There are so many things to do and plan, and as a result, the process can be very overwhelming.\u00a0<\/span>Having moved out ourselves at one point or another, there are lots of things we wish we would have done differently. Instead of our children, friends or family members making the same mistakes we did, why not offer them some tips? With that in mind, here are some great advice we would give our future kids when they move out for the first time<\/a>.<\/span><\/p>\n

\"adviceforyourfuturekids\"<\/p>\n

Seven Tips for Our Future Kids<\/h2>\n

We plan to give these tips to our future kids when they’re old enough to move out on their own.<\/p>\n

1. Spend What You Can Afford<\/h3>\n

One of the biggest problems, when people move out for the first time, is that their eyes are bigger than their wallets. Many people want to live in a luxurious apartment on the top floor of a modern building, but that simply isn\u2019t realistic for most peoples\u2019 first move. Instead, you should do research on just how much you can afford<\/a> and then once you have that number, only look at apartments in this price range. If you get an apartment that leaves you poor, you shouldn\u2019t be living there. <\/span><\/p>\n

2. Don\u2019t Settle<\/h3>\n

That being said, you shouldn\u2019t just settle for something you aren\u2019t happy about. Spending less on an apartment is great, as long as you like the apartment. Spending near the upper limit of your budget is also okay if you are excited about the place you are living. Simply put, while you shouldn\u2019t spend too much on an apartment, spending too little and cheating yourself out of an apartment you love is equally as depressing. Is it really worth it to save a couple of dollars every month to live in a more dangerous area or in an apartment in a terrible state? <\/span><\/p>\n

3. Build and Maintain Savings<\/h3>\n

While we recognize not everyone can save up before their big move, having a beefed up savings account is a great thing when moving out for the first time. There are lots of things to buy, and plenty more than you will have forgotten to get, even a month later. Also, what if something happens? Say your future kids get in an accident and can\u2019t work for a while? If you spend all of your money on the move, on furniture or on anything else, you will be in a bad position to deal with life\u2019s many twists and turns. <\/span><\/p>\n

4. Get Insurance<\/h3>\n

While many landlords and companies require their tenants to have renters insurance, this doesn\u2019t go for everyone. However, even if it isn\u2019t required, you should purchase renters insurance. Oftentimes, landlords have insurance on the actual building or unit you are staying in, but not the contents of that unit. So if there is a fire, flood or other issues, and your contents are damaged, it\u2019s all on you to replace them. Renters insurance often costs around $20 a month, so it is a no-brainer to purchase it. <\/span><\/p>\n

Learn more:<\/p>\n