- thinking of renting a house, help needed
I am thinking of renting a house but not sure on how much I should budget on, just for the house not inc all other house hold bills, so what do you think
my net wage after everything is about £800 per week so given that how much do you think would be a wise amount to spend, I have been looking in the 500-600 per month areaPosted 4 years agomikewsmithSubscriber
How do you currently find accommodation?
Rental prices are generally dictated by the number of bedrooms and the town/suburb. Quality does not really come into it.
If your take home is £3500/month then £500/600/month rent wont be much of a problem. I would suggest that you employ me for financial advice though, Paypal gift – in fact just mail me your bank details and I’ll sort it out.Posted 4 years agosamuriMember
If you’re bright enough to do something that earns you c £60k then surely you can look up what’s available in your chosen area AND figure out the cost of living?
AAAAAAHH HA HA HA HA HA HA HA HA HA HA!!!!!!! 😉
Sorry. I’ve worked with people on double that who couldn’t work out basic tax calculations.
Milkyman, we’re just about to rent our house out in that exact price range. You’re not looking for somewhere near Wigan are you?Posted 4 years agobearnecessitiesSubscriber
I don’t think it can be qualified in percentage terms like that really, you need to consider along with other cost savings or increases, like:
Travel impact (will you need a car/newer car/more petrol/get rid/less petrol?).
Heating (is it flashy & modern, or a lovely old detached cottage that leaks heat).
Council tax band / insurance impact of area (car most importantly, it could easily rise quite a bit pending postcode, unlikely to drop!).
There’s others, but basically if you more to a nice crime-free area into a nice well-insulated house, then spend more on rent (and you’ll probably be forced to), go the other way, then you’ll need more in back pocket.
(…and it is a bit of an odd OP to be fair!)Posted 4 years ago
The topic ‘thinking of renting a house, help needed’ is closed to new replies.