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If you're considering moving to Morristown, NJ, you're about to make a wise decision.
According to Patch.com, Fortune named "Mo-town" the best place in New Jersey to raise a family and ranks 9th in the list comparing all U.S. cities and towns. Even if you're moving solo, Morristown can still be ideal, as it boasts a strong economy and healthy job opportunities.
But before your big move, you'd want to first hunt down apartments for rent. So, where do you start?
The property management team at PMI Prime Property Services has shared expert apartment-hunting tips to help you find your ideal Morristown, NJ, rental, so read on.
Establish Your Budget
The Ascent says that Morristown, NJ, is the most affordable city in the Northeast. It's also the only Northeastern city with a median income that exceeds cost-of-living estimates.
All that's fabulous news, but it still pays to determine how much rent you can afford before hunting down Morristown, NJ rentals. Establishing a budget before the search can help you avoid falling in love with a rental only to find out it's too steep for your budget.
One suggestion from CNBC News when determining rent affordability is to use the 30% rule. It involves calculating 30% of your income before taxes. The answer you get should ideally be the maximum amount you pay monthly for rent.
So, if you make $5,000 monthly before taxes, your monthly rent should only be around $1,500.
Prepare for Tenant Screening
Your future landlord will likely run tenant background and screening checks on you. They'll see your income, employment, and rental history during these evaluations. So, if they see something on your financial reports that leads to them believing you can't afford rent, they may deny your application.
You'll usually pay for those checks, so it's best to stick to apartments that you're sure you can afford.
Keep Safety a Priority
Now that you have a set budget, you can use it to guide your search and narrow your prospective neighborhood list. Then, once you have about four or five neighborhoods, check their crime and safety ratings. The last thing you want, especially if you have kids and pets, is to move to a neighborhood where crime is rampant.
If you enter "safest neighborhoods in Morristown, NJ," on Google search, you'll learn that some of them include:
- Washington Valley
- James St/Ogden Pl
- Morristown East, South, and Northeast
- Butterworth Farms
- Pocahontas Park
Visit the Apartments for Rent in Person
One of the most crucial Morristown rental tips for tenants is visiting each apartment for rental property inspections. A good enough reason is to ensure the property matches the description and photos on its online listings. It can also give you a better idea of what it would feel like if you started living in that apartment.
Ready to Find Your Dream Apartment?
Now that you know how to find and choose among apartments for rent in Morristown, NJ, it's time to search for your next dream home.
Our full-service property management and real estate brokerage company, PMI Prime Property Services, can help. With our innovative and user-friendly online search platform, we can help you find Morristown apartment rentals that suit your needs, preferences, and budget.
Begin your search for your dream rental now and apply easily online!
