Getting Your First Place

Jun 16, 2014

image from freshome.com

 Hello Luvs,
 Getting your own place? You have that feeling of living independent of your family, moving out into the world, creating a space that is uniquely your own. It's exciting right! I know, so was I, but I was also more confused as the process went forward. Just like I was, you're probably not sure of where to even start, but no worries - I am here to help. It takes a lot of work to find the right place, but when you're drinking cool lemonade out of a mason jar on your balcony, it's all worth it.

I. Credit

First thing first, credit score decency. Having a good credit score is important. When you're searching for a home or an apartment, the bank or landlord will be able to see your credit history. Why? They will need assurance that you are dependable; that you financially responsible. 
 
But what if I don't have any credit or building credit? Being as I am a college student, I fell into this category. Most likely you will need a co-signer, someone that has good credit that will be used as collateral if you do not pay your mortgage or rent. Make sure you find someone who is qualified.

II. Budget

Always handle your financial responsibilities. Make a budget, so that way you can see if you can afford bills + rent/mortgage every month. When you do this, it will allow you to decide whether or not you should room with others to save money. Don't make anyone suffer because of your mistakes.

 III. Search

Make a list of the areas you want to live in. Then hop onto Google and begin the search.  This will be the most trying and tiring part of the process. Bookmark places that you qualify for and like. Set up appointments to view the place. The pictures online will not give you the 'feel' of the area or the people who reside in the area, it's best to personally visit the area yourself.

Figure out what you need in a place versus what you want. This applies for places with/without blaconies, pools, gyms, saunas, covered secure parking, gated, security, etc. Take into account these things, remember you will live here for at least a year.

IV. Decorate + Enjoy

Now that you have settled in and have the keys to your place, what's next? You move in and decorate of course! For this part of the process take advantage of thrift stores and cheaper furniture store alternatives to save money. Remember that you are on a budget! Once everything is done, sit back relax and sip lemonade from a mason jar.

Sincerely Fay,

p.s. Do you have any crazy first place experiences you would like to share?
The Fay File ©