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4 Hidden Costs of Renting an Apartment

When you decide to rent an apartment, you should not only put into consideration the cost of renting the apartment as there are other hidden costs involved.

Most people, after making their first rent payment on an apartment, fail to consider that some hidden costs are involved, hence, they get discouraged as their budgets get disrupted on discovery.

This is quite avoidable when you are well-informed ahead of time. The following is a list of hidden costs you should factor into your budget when buying or renting a new apartment.

Renovation cost

The first thing you should consider after paying up your rent is the renovation cost. It is the cost of repainting the apartment, fixing and repairing faulty components of the building.

ALSO READ: How much can you spend to renovate a rented apartment?

Considering the fact you want your apartment to always look presentable to visitors, you should be ready to spend on renovation, especially when the apartment was previously occupied by a tenant. Note that most landlords won’t want to incur such cost except if they’re renting out a new apartment to you.

Moving cost

Since you’re moving from one apartment to another, you can not avoid the cost of moving your belongings to the new apartment. And, in doing so, you should make use of professional movers who will insure your properties from loss or damage that may occur during the moving process. Though it may mean more cost to you, professional movers actually save you the cost of having to replace damaged items with new ones. I recommend MoveMe when next you need a professional mover.

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ALSO READ: Why You Need Professional Movers To Relocate

Subscription cost

Subscription cost entails TV subscriptions, electricity subscription (if your house rent doesn’t cover for this), etc. Find out from the neighbourhood ahead of time so as to be able to compare rates in different locations.

Maintenance Cost

Although you’re just a renter and not the owner of the apartment, you should still put maintenance cost into consideration especially for the interior side of your apartment. Consider employing a cleaner who visits on a regular basis to help with drainage and some in-house cleaning activities.

So, next time you have to rent or buy an apartment, don’t forget to put all these costs into consideration and also don’t forget that ToLet.com.ng has a good number of affordable apartments that can suit your budget.

 

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