Practical Ways That Will Help You Save Money When Renting

According to recent studies, over one-thirds of households in England prefer to rent than to own a property. This is because many people cannot afford to buy a home, and there is a general perception that it is always cheaper to rent a home, especially after doing enough research about cheap home ratings. But did you know that there are still many ways tenants like you can have huge savings when renting a home?

Here’s how you can save huge amounts of money when you rent:

1. Verify that your deposit is protected.

Unfortunately, one in five private property renters in England are clueless as to whether their deposit is protected or not. Having your deposit protected is very important, mainly because this will ensure that you will get back your full deposit at the end of your tenancy.

2. Go for used home furnishings.

Tenants basically can choose between renting a fully furnished and an unfurnished home, apartment, or flat. If you’re moving from another apartment where you were able to invest in your own furniture and appliances, then you might as well rent an unfurnished home. On the other hand, if you don’t have your own things yet, you may shop for very inexpensive home items online. You may also visit warehouses or shops selling pre-loved items.

3. Share a home with a friend.

Sharing an apartment or a flat with someone is always one of the best ways to save on rent costs. If you are employed, you may ask your colleagues if anyone would be interested in sharing an accommodation with you. The same thing goes for students; finding a flat-mate in the campus doesn’t seem too difficult anyway.

If you decide to have a housemate, there are important things to remember. First of all, make sure you both sign and understand everything in your tenancy agreement. Also, you must choose to share your home with someone who can afford to pay his share of rent. If possible, do a background check of your potential housemate, just so you can be sure you are safe.

4. Remember to take a meter reading upon your arrival.

Before you start unpacking your things after you’ve moved in, be sure to check and read the electric and gas meters. This way, you can get the information and pass it over to the suppliers so you can avoid being charged for the consumption of the previous occupants.

5. Use ratedrents to find the cheapest property rating in your chosen area.

You don’t have to travel places or call hundreds of landlords to inquire about the current rates of homes in certain areas. With the help of ratedrents, you can get all the rated home information you need to ensure you find the cheapest private home for rent.