¡Felicitaciones! Pozdravliayu! Herzlichen Glückwunsch! Bahut-bahut badhai! Tebrikler! All this to say…
You've received your diploma, brought your undergraduate studies to a bittersweet close, and officially become a member of the Class of 2019. Now it's time to enter the working world and embark on an exciting new chapter in your lives.
If you received (or, even better, accepted) an employment opportunity prior to clicking the link to this guide, then more congratulations are in order. Because you are one step closer to reaping the abundance of rewards that come with working fulltime.
But don't break out the champagne just yet. Because there's one little item that needs to be dealt with and it's called finding an apartment of your own. Why is this important, you may ask?
For starters, it means a shorter daily commute (for the sake of example, suppose the company you're now working for is in downtown Chicago and you live with your parents in Naperville). And you'd like to live somewhere that's in the heart of the Windy City so you can experience all it has to offer (restaurants, theaters, museums, stores, and so on).
But more than that, you want to have the independence that comes with having your own place and prove you can take care of yourself without relying on others.
Finding the Perfect Place
So you go apartment hunting, which is not an easy task. There are countless factors to consider besides proximity to your place of work and countless search engine claiming to be the best search engine for apartment hunters (Boro strongly recommends graduates use Apartments.com in your endeavors).
During your search, your parents tell you, in addition to filling out apartment applications at each location you visit, to bring additional documents that tell prospective landlords you can be a reliable tenant. So you bring the following items:
1. Your Social Security Number, so the landlord can perform credit and background checks.
2. Proof of residency (driver's license, state ID, passport, etc.), so you can prove you are who you say you are.
3. A list of personal and professional references (current or former employers, volunteer supervisors, etc.) who can vouch for you.
4. Pay stubs (or bank statements) and a copy of your resume, so you can show you're able to provide the money needed to pay rent.
5. Your checkbook, so you can pay any fees in the event you find an apartment you like and don't want to lose it while waiting to get the OK.
You eventually find the perfect apartment and get the OK from your landlord but still need to finance everything.
How to Pay For All of It
For example's sale, let's assume your parents have agreed to pay half the price of the apartment, leaving you to pay the remaining half as well as any additional payments (security deposit, utility fees, homeowners association fees, furniture purchases, etc.).
But how do you make all these payments without straining your wallet to its breaking point? You do your research and decide to sign up for a Boro monthly payment plan.
All you do is file an application, sign the loan agreement, set up the payment plan and, after receiving the amount of money needed, make your purchases and move in.