If you’re looking to rent your first house or flat and you are finding the figures stack up as to the amounts of money you think you’ll need to move in and furnish your new home, don’t worry. There are many ways to save money and still have a beautiful place to live in.
Become a Property Guardian
Becoming a property guardian is a fantastic way to live somewhere for a huge rental reduction. Being a guardian means that you live in a building which is often rather unusual. Property guardians have been known to be asked to live in old churches and manor houses and the rent is often up to 60% cheaper than the price for that location. Many buildings are ones which are to be renovated so the accommodation may be quite basic, but it’s a great way to stay in some unique places.
Look for the best deal on your gas and electricity
Look to find the cheapest energy provider when you move in. Tenants are allowed to change suppliers so use a comparison site along with details such as your postcode and expected usage to get the best deal. Some people find they can save 200 a year when moving into newly rented accommodation and switch at the same time.
Don’t instantly sign up to the cheapest deal – you could be locked into a long term tariff and the quotation could be too low if you’ve underestimated your usage. Look around and check like-for-like tariffs before signing on the dotted line. Cashback sites such as Quidco usually have offers so tie in your comparison search to get the best deal for your pocket.
In the past, most people bought second hand furniture or used older items given to them by family or friends when renting for the first time. Nowadays, the trend is that many people want everything new from the start – a costly decision. There are huge amounts of nearly new furniture available from a number of sources including Freecycle and Freegle. You’ll probably have to arrange collection but you’ll be surprised at what good quality items people are looking to throw away.
Saving for a deposit
If you’re not at the stage where you have the funds to finance a deposit and you are saving towards one, ensure your money works for you. Look for a top-paying ISA as you can now invest 5,760 tax-free and the interest will help you pay for moving company fees (learn more at https://www.atlantahomemovers.com/) and other moving expenses.
Moving into my first home is expensive, is there any help ?
If you’ve found somewhere to live, there’s the deposit, at least a month’s rent and – unless you can find free transportation – the cost of a removals firm or the hire of a van. There’s often initial bills to pay or deposits for utilities and this can take a large chunk from your salary for the first few weeks. If this is happening to you and you need a bridging solution, look at payday loans online from payday-choice.com to find a lender who can help you out with a short term loan to cover you until the end of the month.
Moving into your first place is very exciting and it’s about expressing your independence and putting your individual style on a property. Whilst there are some costs which are unavoidable, it doesn’t have to break the bank to have a place you are proud to call home and if you are careful with your budget, you’ll soon be inviting friends over for a house warming party.