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How to Choose the Best Luxury Apartment for You in Burnaby

If you are looking for a one-bedroom luxury apartment for rent in Burnaby, you have come to the right place. Navigating the rentals scene can be tricky and it is easy to get overwhelmed, we are here to help!

Tips for Renting an Apartment in Burnaby

Choosing the right luxury apartment for rent in Burnaby is an important decision that should not be taken lightly and without abundant thought and research. Although the task of finding the perfect luxury apartment is not easy, it does not need to be too overwhelming. Some SEO companies can help rental business rank higher and help people to find suitable apartments easier.

Figure out Exactly How Much You Can Afford on Monthly Rent

This is the first step you want to make after you have decided to look for a luxury apartment for rent in Burnaby. Don’t waste your time by looking at apartments that are out of your budget range. You will risk falling in love with an apartment that just is not compatible with your budget and all the apartments that are may then pale in comparison.

We recommend that the monthly cost of your affordable apartment rental not exceed 20% of your monthly income and at the very most 30%.

This figure should include the cost of utilities for your one-bedroom apartment in Burnaby as well. So, for example, if you bring home $4000 per month in income, you would want to look for an apartment for rent in Burnaby that is around $1200 per month. If you are a business owner, you may contact Cansoft, the best SEO company in Burnaby, who will help you to grow your business.

Don’t forget to Factor in the Cost of Utilities.

Most luxury apartments for rent in Burnaby do not include utilities such as heat, electric and water-but some do. After determining your budget, it is as simple as finding the right apartment for rent in Burnaby, agreeing to the lease terms and then signing on the dotted line. We have outlined some steps below to help you in your quest for finding rentals. These steps will help to ease the burden and expedite the apartment rental process, especially if it’s your first time to rent a luxury apartment.

Find Ways to Lower Your Apartment Rental Cost

Here are a few ways to lower your monthly rent to fit your budget on a luxury apartment:

  • Get a roommate: this may not be the best choice if you are looking to rent a luxury apartment, but for any other apartment for rent in Burnaby, BC, this may be a good option. Renting with a roommate will slash your monthly rent in half and therefore take much of the financial burden out of renting. Just make sure the landlord is ok with the arrangement and that there is a written document which outlines rental obligations for each roommate.
  • Consider transportation costs: if you are looking to rent a luxury apartment downtown Burnaby, you may not need to be making your monthly car payment. Why not sell the car and make use of public transportation? Sure, there will still be some costs involved with public transportation, but it will likely be significantly less than automobile ownership.
  • Think small: more square footage comes at a premium for luxury apartments for rent in Burnaby. Will a studio or a one bedroom apartment suit your needs? You may be working with less square footage, but it may be worth it to save on your monthly rent bill.
  • Try to negotiate: this may not work for all rentals Burnaby, but it is worth a shot. Do your research on other comparable luxury apartments and their amenities in the Burnaby area, and bring it to the landlord. Even if the landlord remains firm on the price, you may be able to negotiate lawn maintenance or trash removal services into the contract.

Run a Credit Check

Most landlords with luxury apartments for rent in Burnaby will run a credit report and possibly a background check on any potential tenant. This is standard procedure as landlords want to get an idea of what type of person they are renting to. Prior to applying for any luxury apartments for rent, it is a good idea to run a credit report on yourself first. This way you can comb through anything that stands out negatively, and you can correct it before a potential landlord sees it as a red flag. It is not uncommon for there to be errors on credit reports. So getting to know yours before someone else looks into it is a smart idea, that could help prevent you from being denied a rental in Burnaby.

Gather Your Down Payment Ahead of Time

Most apartments for rent in Burnaby require the tenant to put down a down payment that includes first and last month’s rent and a security deposit. If you are looking to rent a one-bedroom apartment for $1000 per month you will need to come up with $3000 upfront to get into the rental. This is a significant chunk of change and it is wise to have this money set aside before beginning your apartment search in Burnaby as the market is competitive and if you do not have the cash up front, someone else will and you may lose the apartment.

We hope you will take these tips into consideration when looking for a luxury apartment that suits you.

The Burnaby apartment rental market is competitive, but if you are equipped with the proper skills, knowledge and resources finding the perfect rentals will be easy. Follow our tips and you will be living in your dream luxury apartment before you know it!