Glyn Ramsay. Home Design. November 27th , 2017.
What if you are retired and do not have income? Some areas would require you to move to a retirement community or senior facility. But most apartments in Dallas are flexible in this regard. They will just require a copy of your bank statements to verify that you have enough funds to cover the cost of the rent for each month of the lease. For example, if your rent is $1000 a month, and you sign a 12 month lease, they will check to see if you at least have $12,000 in savings. They will also consider any Social Security money that you receive as monthly income. And if all else fails, they will accept a co-signer. Because Dallas is flexible in working with retired individuals, many enjoy the freedom and dignity of renting their own apartment without having to move into a retirement home for seniors. Perhaps this is one of the reasons that Money Magazine voted Dallas as one of the best places to retire in 2006 and 2007.
DONT TAKE ANYTHING FOR GRANTED. After one inspection, I started to pay attention to some of the amenities I would normally take for granted, such as where and how tenants go about retrieving mail or disposing of garbage. Tenant mail facilities range from the expected (i.e., located near apartments, sheltered from the elements by a breeze way or some other structure) to the ridiculous (i.e., all huddled together in the middle of a parking lot completely unprotected from the rain and sunshine, and dangerously close to moving vehicles). You may not mind waiting for the rain to stop to pick up your mail, but you can rest assured the mailman isnt going to wait when he/she delivers it. If you live in one of those unfortunate places, you better have your mail delivered to a post office box, or get used to opening soggy mail.
Be realistic about what you can afford. Most apartment renting guides suggest that your rent should not be more than 25% to 30% of your income. This can vary depending on the income bracket, but be sure to be "real world" when budgeting additional apartment expenses such as heating and air conditioning and other utilities. If you fall short of affording the apartment of your choice, you might consider sharing an apartment with a roommate or roommates. Keep in mind that living with roommates can help you afford an upscale apartment or even, in some cases, luxury apartments, but it also has extreme restrictions to your privacy.