Finding an apartment in Boston can be a challenge when you try to balance location, price point, and all the features you want in the home. Meredith Kiep was recently featured in an article on Boston.com, giving her tips for finding the perfect rental. She works throughout many Boston neighborhoods with renters, buyers, and sellers.
The 36 Rule
Looking at finances, Meredith suggested the Rule of 36 to readers at Boston.com. “Boston spends about one-third of their salary on rent. That’s the unwritten number that landlords use,” said Meredith Kiep, an agent for Charlesgate Realty. “Divide your annual salary by 36, and that’s one you can afford.”
You can find out all about this rule along with a handy guide here.
Location is one of the prime concerns for many renters as they look for a new place to live. In Boston, understanding the neighborhoods, and price points in them, is a vital piece of the puzzle. Agents like Meredith can guide you through getting the most for your money around town.
Meredith also says it is important to consider the things you do and your lifestyle when looking for a place to rent. “I tell renters to write down things they do in their life every day for a week,” said Kiep. “ Before you go out with your agent this will give them more insight into the neighborhood you’re seeking.”
Looking for a new place?
Reach out to Meredith for more information or to set up a free consultation.