Top ways to save on rent

It’s no secret that saving money while paying rent every week is no easy task. However, you’ll be happy to know that there are ways to minimise the amount of rent you pay, and get a little extra going toward your savings account.

Rent and Save
  • 31 August, 2017
  • PROPERTY MANAGEMENT
  • Renting, Tenants, Rent

Research the Market

It always pays to have a thorough knowledge of the market. Go on the numerous rental websites on the internet and look at comparable rental properties to yours. Have a chat to the local residents and find out what they’re paying.

Sacrifice on Location

You might be comfortable where you are now, only 15 minutes away from the city centre and nice and close to where you work. But the likelihood is you’re probably paying a lot more weekly for this convenience. If you relocate to a suburb further out on the city fringe, where there’s less competition for housing, you’re likely going to find less of your pay cheque going toward the weekly rent.

Buy used furnishings

If this is your first time furnishing a home here’s something nobody selling furniture is going to tell you… Over the next five years you will sell or throw away everything you’re buying today.

Because at some point your earnings will grow, you might get married, you might buy a house, or you might move in with someone else.

And all that stuff you’ve bought already or want to buy – is not going to be needed. Which means it’s just temporary in your life.

So, if you know the couch you want today will no longer be with you in five years, does that change your mind on how much you should spend on it?  Hopefully, it does.

 

LJ Hooker NZ

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