With the expensive costs of building a house and the costly real estate homes which might double the price of the building, one might just resort to renting, left with no other choice.
But because of the fluctuating economy that has gotten worse since the 2008 recession, one might feel that paying for the rent is still a burden, and seems no different from building your own house.
If worries and difficulties like these abound, don't just sit around the corner until you go broke. It's about time to reduce your rental cost. But, how on earth can you do that?
Here are the easiest ways to cut your rental costs:
Give your landlord some helping hand
U.S. News suggests that offering your landlord your helping hand to do some extra work in the rental place can do you good. You can clean the spaces in the unit, paint the walls or fix the cabinet, and other tasks which you can assist your landlord with. The secret is to take initiative. If your landlord sees that he can save a lot of money because of you, he might give you some perks as his tenant. Ain't this a good save?
Get, if not one, two or three housemates or roommates
If you can compromise your privacy, peace and some "me" time, getting a roommate can save you a penny. With a housemate, you have someone to share your bills with, even your food as Investopedia suggests. With companions in a house, it would be easier for you to transfer to a nicer place because you have people to share the expenses with. But, roommates and housemates can be risky, too if they are at times dishonest. So, just be careful and choose the right ones.
Choose the right rental unit for you
If you don't want to make your finances miserable, do not rent an expensive unit, to begin with. The rental price should be within the bracket of your financial account to avoid overspending. Remember, you've got to pay for your other personal needs as well so you should have established a good financial control already at the very beginning so you can make both ends meet.
If you're having a hard time looking for a decent yet affordable rental units, Bank Rate suggests that knowing the market prices can help a lot and you can even be updated of the prices over the Internet or classified ads in newspapers, so all you have to do is to research.
