how do i know if i can afford to rent?
98282
Simply take your pre-tax annual salary and divide it by 40 to find the monthly rent that you will be approved for, assuming your landlord uses this requirement. For example, if your annual household salary is $100,000, then you could afford to spend $2,500 per month on rent ($100,000/40 = $2,500 per month).
15707
['Are utilities such as electricity, heat and water, and appliances such as the fridge, stove and washer/dryer, included in the rent?', 'If not, how much do they cost each month?', 'Is the rental furnished or unfurnished?', 'Can you upgrade the rental, such as painting or decorating?', 'Are pets and smokers permitted?']
1225449
['Check your credit score – Most lenders will determine your eligibility for a loan based on your credit score alone. ... ', "Pay down your debt – Most lenders will look at your debt-to-income ratio to determine if you're capable of paying an additional loan."]
89668
['How Do I Pay Rent? ... ', 'Will My Rent Ever Go Up? ... ', 'Is Renters Insurance Required? ... ', 'What Are My Initial Move-In Costs? ... ', 'What Are My Lease Terms? ... ', 'What Utilities Are Included and How Do I Pay Them?']
210900
['What are the lease terms? ... ', 'What does it cost to move in? ... ', 'Are utilities included in the cost? ... ', "What's your pet policy? ... ", 'How about your guest policy? ... ', 'Do you require renters insurance? ... ', 'How do I pay the rent?']
289841
['Council Tax, utilities and service charges. Water bills (usually paid monthly) ... ', 'Other monthly costs affecting how much rent you can afford. ... ', 'Rental deposit. ... ', 'Agency fees. ... ', 'Removal or storage fees. ... ', 'Furniture or furnishings.']
245365
['How Do I Pay Rent? ... ', 'Will My Rent Ever Go Up? ... ', 'Is Renters Insurance Required? ... ', 'What Are My Initial Move-In Costs? ... ', 'What Are My Lease Terms? ... ', 'What Utilities Are Included and How Do I Pay Them? ... ', 'What Changes Can I Make To The Apartment? ... ', 'Are There Any Plans To Update The Building?']
1450463
For your own calculation, it's better to look at your net income and decide how much of your money should go toward rent. For example, if your net income is $3,000 per month and you want to spend no more than 30 percent of your money on rent, you should look for an apartment that costs no more than $900 per month.
1249599
['Space (for example GLA or rentable area, or usable area)', 'Total monthly lease rental value (e.g. R / sqm x sqm)', 'Gross rental / sqm / month.']
671424
["it's your only or main home.", "it's self-contained.", "you're a secure tenant.", "you've had a public sector landlord for 5 years - for example a council, housing association or NHS trust."]
624130
['How do I pay rent? ... ', 'What utilities should I take care of? ... ', 'What Is the late rent policy? ... ', 'Is renters insurance required? ... ', 'What happens if I have to move out early? ... ', 'Can I make changes to the apartment? ... ', 'How do I submit a maintenance request? ... ', 'What can I expect when lease renewal time rolls around?']
81559
General guidelines usually say you are to spend no more than 1/4 of your income on rent or mortgage so that would mean one would have to earn $200,000 annually to live in S.F. to afford rent, assuming you could find an apartment at that price. 6K a month.
176822
["What's the parking situation? ... ", "What's the laundry situation? ... ", 'Is heating/electric/water service covered in the rent? ... ', 'Is there internet service in the building? ... ', 'Have there been any break-ins? ... ', 'How much money do I need to pay up-front before I sign a lease? ... ', 'Are you responsible for maintenance bills?']
71649
As a general rule, you want to spend no more than 30 percent of your monthly gross income on housing. If you're a renter, that 30 percent includes utilities, and if you're an owner, it includes other home-ownership costs like mortgage interest, property taxes and maintenance.
1438488
["What's included in the rent? ... ", 'Who will be paying the bills? ... ', 'Am I allowed to redecorate? ... ', 'Am I allowed a pet in the property? ... ', 'Am I responsible for outdoor space? ... ', 'When was the boiler last serviced? ... ', 'Who are my neighbours? ... ', 'What is the area like?']
564962
Qualification is often based on a rule of thumb, such as the “40 times rent” rule, which says that to be able to pay a certain rent, your annual salary needs to be 40 times that amount. In this case 40 times $1,250 is $50,000. Therefore, if you make $50,000, you qualify for $1,250 per month in rent.
58310
['How much are bills and will I need to pay them? ... ', 'How much is the council tax? ... ', 'What local amenities are nearby? ... ', 'What are the neighbours like? ... ', 'How long is the contract/rental term? ... ', 'When is the rent due and how should it be paid? ... ', 'How much is the deposit and is there a holding deposit?']