The cost of renting a home
The cost of renting a home involves more than covering the monthly rent alone. Initial cost such as set up fees, deposits and initial rent payments can add up so it’s a good idea to get a budget together in advance.
To figure out how much rent you are able to afford, firstly make a list of what all your outgoings will be. If you are securing a property through an agent, some set up or referencing fees will be charged. If you are already in rented accommodation it's most likely the case you will be required to pay a new deposit before that which you paid on your current home as been returned. Remember that initial rent payments will be due in advance.
On top of the monthly rent will be bills. Most common house hold bills will include gas and/or electric, water rates and council tax. In addition you could be paying for tv license, internet, cable/satellite TV, landline telephone and contents insurance.
If you are looking for a property to rent, get in touch with your local homes4u where are friendly advisors are on hand to help.
Would it help you to know how much your home is worth? Whether you are considering selling, or just out of interest one of our valuation specialist can visit your home without obligation to provide you with an up to date valuation for sale or for rentals. Its easy to arrange, simply complete our online form and one of our team will call you back. Alternatively, drop into one of our branches or give us a call
If you are looking for a property to let or buy, please visit our property search pages where you can view all our current availability. If you would like to be kept up to date with new instructions and price changes simply register in our members area or contact our friendly team in branch.