Be prepared: finding a flat to rent is bound to take a huge chunk of your time and effort, especially if you would like to find one that is more than worth it. But whilst you’re on the lookout for the perfect flat for your needs, there are also various considerations to think about – especially when it comes to the basic or general considerations. By knowing what these are and what to look for, you should be able to find a flat that is ideal for you in the end.
Before looking for a flat, determine your budget
Before you even begin asking around or doing research on the Internet for flats in an area that you are interested in, you first have to ask yourself how much you can realistically afford. You need to create your budget first and make a list of all your expenses plus your income so you will have a better idea of how much you can spare for the rental fee without going into debt or without being in discomfort. And whilst listing down all your expenses, do not just list down all those fixed costs, such as telephone bills, loans, payments for a car, and the like – you also have to list down all the variable expenses that change by month, such as food, entertainment, and even clothing.
In the end, the rent you pay for a flat should not exceed more than 20 percent of your income every month – 30 percent at the very maximum. The good thing as well about making a list of your expenses is that it allows you to see which expenses you can actually cut back on if you would really like to afford a nicer flat.
Major considerations before looking for a flat to rent
Look beyond the city
If you have done your budgeting and have figured out how much you can afford to pay for a flat, you may also want to think about some other considerations. To give yourself broader options, for instance, you may want to consider looking outside of the city or an urban environment and instead scour around for flats in the suburbs, like flats to rent in Colchester, which is about 100km or 62 miles away from London (you can find out more about flats to rent in other areas by visiting http://www.beresfordsgroup.co.uk/findaproperty).
Consider the cost of transport
If you decide that you would like to live in an area that is farther from London, you would have to consider your transport costs as well, especially if you have a daily commute. You then have to weigh the cost of transport versus how much you can save if you rent outside the city.
Think of the space you need
Whilst the space counts for a lot, think of how much you can save by opting for a flat with a smaller space, such as a studio flat or a one-bedroom one. Even though space may not be too plentiful with these types of flats, you can benefit from bigger savings every month. With this in mind, you need to determine how much you really need when it comes to space and base this on factors such as your lifestyle, your available furniture, regular visitors, and even pets.
In the end, when you have seen a flat that you are definitely interested in, it takes but a little effort to negotiate. This is especially true for areas outside the city, where landlords or agents are more open to negotiation.