You’ve been looking at rental properties for a while, and now you can’t believe it’s time to finally move in to your new home. While there is nothing more thrilling than getting settled into a new place, you may also be feeling a little nervous about all the extra expenses that come with the process. Luckily, there are many ways to save money as a renter. To give you a helping hand, we’ve come up with a few cost-cutting tips that should come in handy to you as a tenant.
Consider your location carefully
Whether you’re looking to move into a new rental property because you want to be closer to work, the children’s school, or local amenities, location could be a huge factor in determining where you settle — and how much your rent could cost.
Although a three-minute walk into the city centre may sound appealing, the privilege could come at a much higher price. To save that cash each month, consider renting a place that is located a bit further out with great transport links, so that you can get around cheaply and easily, and benefit from the reduced rent prices!
If you’re looking to relocate, or have a bit more freedom with your location, ensure the areas that you have noted down on your list are those that you can afford to rent in.
One of the most exciting things about moving into a new place is making it feel your own.
Whether it’s a few decorative bits to place on your windowsills that you’re after, or a chic, new dinnerware set, rather than spend a fortune on over-priced, leading homeware brands, why not check out your local charity shops and vintage markets to see what they have to offer?
You’ll be amazed at what you could find for a fraction of the price.
Monitor your bills
We can all be guilty of forgetting to turn the lights off, binge-watching the TV or leaving the tap running for much longer than necessary, but these can all unfortunately result in higher bills. When you’ve settled into your new place, consider turning off devices that consume energy when they’re not needed, switching to LED bulbs and using price comparison websites to find cheaper deals, such as your home phone and broadband.
There are many ways to save money as a renter. By taking these all into account, you’ll be able to minimise your outgoings and enjoy your new surroundings. Careful budgeting will ensure you’ll be very happy in your new place!
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