Housing
Housing search tips to share with your student
By CollegiateParent
Moving off campus is an exciting rite of passage. Your student may feel more than ready for the new independence and responsibilities, but the transition brings challenges, too.
It’s so important that your student and their roommate(s) end up with a safe, clean, convenient and affordable place, and they’re much more likely to have a successful housing search if they go about it the right way.
Here is essential advice to share.
The budget
Before your student starts looking, have a family conversation to determine what you can afford to pay for rent.
Things that will factor in:
- Is your student hoping to rent a one-bedroom or studio or will they need/want to share with roommates?
- What are typical utility costs in the area? (electricity/gas/water)
- How about “extras” like cable/internet?
- Will there be transportation costs to get to campus?
- Will your student need to purchase furniture and appliances?
- Moving expenses: Will you need to rent a truck or buy boxes? Pay for a storage unit over the summer?
- What will food costs total? Students can save money cooking for themselves, but it can be convenient (and healthier) to keep a partial meal plan.
If you are using 529 college savings account funds to pay for all or part of your student’s higher education expenses, good news. If your student is enrolled at least half-time in a degree-granting program, you can use 529 funds for off-campus housing expenses (but not necessarily the full amount). The college or university determines the allowable off-campus-room-and-board figure for federal financial aid purposes; contact the Financial Aid office to find out what it is.
Remember that your student will need money up front as soon as the lease is signed — typically first and last months’ rent plus a security deposit.
Check out our complete budget worksheet at bit.ly/cp-budget.
Meet the landlord and see the rental in person.
- Your student should take a friend or prospective roommate along to meet the landlord or property manager.
- They should be sure to view the room/unit/house they will actually rent (not a model) and confirm that the property is as advertised.
- Remind your student to have questions ready, such as: What are typical utility costs? Is subletting allowed and on what terms?
- They should also check security features of the unit, the condition of appliances, storage space, and parking availability.
It’s so important that your student and their roommate(s) end up with a safe, clean, convenient and affordable place, and they’re much more likely to have a successful housing search if they go about it the right way.
Study the lease.
This may be the first legal document your student has encountered. It’s very important for them to review the lease carefully. Parents and guardians should take a close look, too (even if you are not required to co-sign).
Be clear about the following:
- What’s required up front in addition to a security deposit? First and last months’ rent?
- What are the conditions for getting the full security deposit back?
- What dates does the lease cover?
- What utilities are provided (heat, water, garbage collection, etc.)?
- What are tenants’ responsibilities for upkeep (lawn mowing, landscape maintenance, snow removal, minor indoor repairs, etc.)?
Document the condition of the rental.
Your student and their roommate(s) will do this when they sign the lease. Encourage your student to make notes and take photos, paying special attention to stains on the ceiling, holes in the walls, a cracked bathroom sink, etc. so that, if there is a dispute at the end of the lease, they can prove their case and get their security deposit back.
Purchase renters insurance.
Renters insurance is a must for students living off campus. Their personal belongings will not be covered by your homeowners policy or the landlord’s insurance. Renters insurance is affordable — typically less than $20 a month — and will cover the loss of possessions in case of fire, flood or theft. Renters insurance will also protect your student if they accidentally damage another person’s property or if someone is injured in their apartment or house.
Adapted from an article by Wendy Redal with contributions by Suzanne Shaffer and CollegiateParent staff.
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