When you rent your first flat, it’s exciting, whether you do it by yourself, with friends, or with your significant other. This big change in your life will cost you a lot of money and affect your standard of living for the rest of your life.
In this article, we’ll share some advice for new renters in 2024.
Rent in 2024 will be different from what it was in 2021. While calculating your budget for 2024, it’s important to think about more than just the average UK rent, which may or may not include things like council tax, water rates, gas, electricity, internet, mobile phone and groceries. True monthly living expenses can easily exceed £1,00 even in relatively inexpensive cities like Nottingham. First-time tenants often don’t have a lot of disposable income, so learning to budget is essential. Talk to your roommates about a fair way to divide the rent and utilities. You can also take the assistance of property manager to get helpful advices for the same.
Research your Neighbourhood
You should do your homework whether you already know the city you want to rent in or not. Take into account the area’s conveniences and security. Having close proximity to places like grocery stores, hospitals, and schools can help you feel safe in your new neighbourhood. Even if you think you already know the area well, you should still spend some time exploring it on foot.
Inspections of Premises
It’s easy to get carried away with the excitement of house hunting in 2024, but remember to keep your head on straight. Tenants should exercise caution around run-down properties because the problems might not be fixed before they move in. Get as much information as possible by taking pictures and making notes. Even if your first rental isn’t in the priciest part of town, it should still feel safe and comfortable to live in.
Choose Between Furnished and Unfurnished Housing
In 2024, a new tenant may find themselves without the necessary furnishings and electronics. If your budget allows, you can buy these items or opt for a furnished property. Furnished rentals cost more money, but they make life easier by eliminating the need to shop for and transport furniture. This is especially helpful for those with temporary goals or for students.
Get Assistance from Best Property management company
You should work with a professional property management company like House Manage. They are experts at matching tenants with suitable rental properties. We have a wide selection of rental properties. We’re here to help you navigate the process of renting for the first time.
In 2024, renting your first place will mark a thrilling adventure that sets the stage for your next life chapter. Whether you’re embarking on this journey independently, with friends, or alongside a partner, it’s a significant financial commitment that defines your standard of living. For those stepping into this experience, partnering with House Manage, a trusted property management company, can simplify your journey.