Many people have at one point in life rented a house. Whether you are renting a house to live alone, with family or with friends, the process of hunting a house for rent will be purely based on what you can afford.
Calculating the real cost of renting a house will require you to think about all aspects of maintaining that home feeling, that warm and welcoming feeling. Then there are the obvious activities that take place in a home that accrue bills. They include cooking, internet, television and more. You need to calculate properly or else you will stay for months without fully furnishing your house. When you finally get the rental house you were looking for, prepare for your down payment/security deposit. It may be much but you have to be ready.
There other things you need to budget for besides the rent. They include;
Renter’s insurance.
This is a premium you pay for insuring the property inside the house. You should be aware that the house owner is not responsible for losses that may occur inside the house in case of fire and theft. You will be charged a given rate of premium on monthly bases. It is therefore wise to include it in your calculations.
Utilities.
Obviously, you will have to pay for electricity, water, garbage fee, gas and other types of utilities you use and can’t do without them. The amount you will pay per month will be dependent on how you use these amenities. You need to include their cost in your calculation so that to get the real cost of renting.
Internet.
The current world we are living in, the internet is a must-have thing. You need to account for it in your calculations. This will help you get the exact cost of renting.
These additional costs must be accounted for. You then need to add the value of the furniture you buy for the house you’ve rented. If you include all the above factors, you will surely get the amount of money you will need to rent a house.