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First Time Renter: 12 Things to Include in Your Monthly Expenses


Your 4-Step Fitness Plan at Evergreen at Timber Glen


How to Make Sure You Qualify as a Prospective Renter



First Time Renters: 12 Things to Include in Your Monthly Expenses

Financial stability is probably one of the most stressful parts of renting your first home. To ensure you are aware of all the monthly expenses you may be responsible for, here are 12 items you should keep in mind when determining whether you can afford to pay a monthly rent for an apartment or townhome or if you should stay put.


1. Rent

Your monthly rent will probably be the largest expense you have. It is a commitment that requires a steady flow of monthly income for at least 12 months depending on how long you plan to lease the home.


2. Renter’s Insurance

Many apartment and townhome communities or landlords require residents to get renter’s insurance. Depending on the value of your personal belongings, this can be a fairly minimal monthly expense. Even if it is not required, it is always a good idea to insure your home.


3. Water Bill

Most apartments and townhomes require the resident to be responsible for the water bill. This would fluctuate depending on your water use in the bathroom, kitchen and laundry (if the home includes a washer).


4. Gas and Electric Bill

Unfortunately gas and electricity isn’t always free. Whether you have a gas-range stove or an electric stove, you’ll need to make sure you cover the monthly costs. This cost depends on how often you use the air conditioning, heat, stove and electricity in your home. However, there are many ways you can save money on these bills such as unplugging wires when you don’t need them or buying energy efficient appliances.


5. Internet Bill

When choosing your internet provider, it is best to compare all of your options and realistically determine which package is best for you. It’s not necessary to get the fastest internet package when all you plan to do is go on social media. Always ask about limited-time specials, too.


6. Cable and TV Bill

If you are a TV buff, make a list of all the channels you absolutely cannot live without and choose the cable package that includes most, if not all, of the channels. Keep in mind that some of your favorite shows might be available for online streaming.


7. Phone Bill

If you prefer to give out a home phone number to people rather than your cell phone, you’ll need to compare the phone line packages your complex offers. Think about how long your phone calls typically are and then decide if a per minute or unlimited package would be best. You may not even need a home phone line. That’s entirely up to you.


8. Groceries

Grocery shopping can be another minimal expense if you know the best places to shop and utilize coupons. Take a look around the town for the best grocery store or supermarket and be on the lookout for coupon books. There’s always an opportunity to save on food.


9. Household Items

Household items such as cleaning materials and toiletries are things you may need to budget for on a monthly basis. It is amazing how many cleaning wipes you’ll use when you clean your home each week.


10. Car Gas/Travel

Moving into your new home may give you a longer commute to work. You should calculate how many miles you will be driving to and from work and then you will get a better idea of how much money you will spend on gas. If you plan on taking public transportation rather than driving, factor in those monthly costs.


11. Miscellaneous

Sometimes life happens, and we end up spending money on things we do not anticipate such as birthday gifts or making doctor’s appointments. Birthday gifts or hosting dinner parties are added expenses. Give yourself a monthly miscellaneous budget to account for these situations so you’re prepared.


12. Savings

Even with all these monthly expenses, it is important to save a percentage of your income. You can think of your savings as an expense so that you can realistically see how much money you will have left at the end of the month.


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Your 4-Step Fitness Plan at Evergreen at Timber Glen

At Evergreen at Timber Glen, residents have no problem fitting in a healthy lifestyle. Residents are not confined to their apartment or townhome. The community includes plenty of features that encourage residents to stay fit and even meet their neighbors. Find out how you can take advantage of all that the community has to offer:


1. 24 Hour Fitness Center

We know that everyone does not have the same work schedules, so the fitness center is conveniently open 24 hours. Begin your fitness plan with a nice stroll from your home to the fitness center, and then make use of the machines and treadmills!


2. Walking/Jogging Trails

Next, you can get some fresh air while walking or jogging on the 2-mile trails found in the community. Since the community is pet friendly, your dog is welcomed to join you on these trails!


3. Tennis Courts

Grab your neighbor and play some tennis at the community tennis court. There’s nothing better than being active while having fun!


4. Swimming Pool

Grab your neighbor and play some tennis at the community tennis court. There’s nothing better than being active while having fun!


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How to Make Sure You Qualify as a Prospective Renter

If you are interested in renting an apartment or townhome, there are a few important things to keep in mind. Property management companies or landlords have specific qualifications for potential renters. Here are some things to keep in mind:


1. Application

If you are over the age of 18, you must complete an application with true information. Along with the submission of the application, you need to provide your two most recent original pay stubs or a signed offer letter from your employer and a valid driver’s license or other form of identification. Once completed, the application is reviewed and future rent payment performance is scored. Once the application is scored, the landlord can either decline the application or have additional requirements before approving the application.


2. Credit History

A credit report will be run on every applicant and will be included as a deciding factor for qualification. You should be aware that past or current bad debts, late payments or unpaid bills, judgments and bankruptcies can result in an unsatisfactory credit report. If you want to, you can request a copy of the credit report from the credit reporting agency.


3. Rent/Mortgage Payment History

An application could be declined if you have a history of legal proceedings, judgments, evictions or skips. In addition, outstanding rental balances can contribute to a declined application.


4. Income Requirements

To ensure you can comfortably afford to rent an apartment or townhome, your gross monthly household income should equal three times the monthly rent.


5. Conviction Information

If you have a conviction history or plead guilty to a misdemeanor, offense, or crime you will be declined.


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