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MEL DRYMAN
Raised in Detroit, Experienced in Arizona
Your Professional
& Dedicated
ARIZONA REALTOR
Mobile: (480) 239-8686
mel.dryman@azmoves.com
Each Office Independently Owned and Operated
2117430
Need a Lender You Can Trust?
(c) SolisImages - Fotolia.com
Ilene Lubin:
248-556-6275
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StatePoint
We’re Making a Complicated Process
SIMPLE Again!
A
s young adults get ready to
move back to college, some
will be moving into new digs,
either renting an apartment for the
first time or a home they share with
others.
Renters may be free of some of the
concerns and responsibilities of home-
ownership, but there are a few consid-
erations they should make for financial
security and greater peace of mind.
Loan Products Available:
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FREE Home Buyers Seminar Every Wednesday, 6-7:30pm
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33200 Woodward Avenue | Birmingham
READ YOUR LEASE
Whether you’re moving into a new
place or have been occupying your
unit for some time, knowing the ins
and outs of your lease is crucial. Be
sure there will be no curveballs or sur-
prises that you have not accounted for
in your budget.
Is your rent subject to an increase?
By how much and how often? Cross-
check local regulations to ensure rent
increases are in accordance with the
law.
Read your lease to get a handle on
what your responsibilities and rights
are as a tenant.
For Sale – Long Lake Estates!!
Very private, 3,200 sq. feet 2-story that backs
to a nature preserve. Bloomfield Hills Schools.
3 bedrooms 2 full and 2 half baths, finished
basement with a dry heat sauna in workout
area. 3 car garage. New furnace, windows,
new pool equipment. Very large master suite
with deck overlooking pool and wooded
preserve. $565,000
For more information or to make an appointment
call 248-851-1933
2119310
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46 August 25 • 2016
Top Things Every
Renter Should Know
GET RENTERS’ INSURANCE
Many apartment communities require
renters to carry personal liability insur-
ance to cover the property and sur-
rounding structures as a result of dam-
age caused by the renter. This coverage
does not extend to your personal prop-
erty, however. To cover your personal
property, a standard renters’ insurance
policy is recommended. Otherwise,
unexpected events such as fire, theft,
vandalism or other perils could mean
a substantial financial loss to you.
However, the small monthly investment
of renters’ insurance could save you
thousands of dollars down the line.
Do your research to determine what
policy makes sense for you. Many
insurance providers, such as Assurant,
offer free online calculators to help you
take inventory and determine the level
of coverage you need. The company
also offers its more than 1 million cus-
tomers nationwide the ability to buy
insurance, pay bills, change coverage
and file claims online by computer or
a mobile device, as well as the option
of automatic payments or even setting
the billing date.
These convenient options are
designed with young people in mind,
including some 100,000 policyholders
living in student housing. For more
information or a quote, visit
assurantrenters.com.
PERFORM A
CAREFUL INSPECTION
Before moving into your new rental
unit or signing a lease, do a care-
ful inspection, noting any existing
damage or necessary maintenance.
Communicate concerns to the man-
agement company or landlord in
writing. Free online checklists can
guide you on what to look for and
record. For example, buckling floors
and water stains could indicate water
damage — a condition that could lead
to property damage. It’s also helpful to
take photographs with a timestamp.
Do these inspections periodically as
well as when you renew your lease.
And remember to also photograph
your belongings — or keep your
receipts — because any insurance pro-
vider will ask for proof of ownership
in the event you have to file a claim.
You may not own the property, but
it is still your home. Staying on top of
the space in which you live can offer
you greater comfort and greater peace
of mind. *
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