Living away from home comes with a cost, which is quite literal. If you wish to live life king size, then you can plan to borrow rent loans for unemployed to finance your expenses while staying at a rented accommodation.
For students and couples, rent comes out to be the most considerable expenditure. Still, you can budget and save money while staying on rent.
You may face difficulty saving money on rent as there are no voucher codes or discount coupons on the rent amount, and it cannot be reduced in any month. The exact amount has to be spent every month.
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Save Rent and be Happy
Many unemployed people choose to opt for loans for unemployed with bad credit and no guarantor from a direct lender to fund their expenses.
It helps them to pay off their rent despite being unemployed. Simultaneously, it is advisable to cut down on your expenses to have a financially stable future.
Considering all the factors, you can still save money while staying on rent.
Ways to Save your Money with Rent Loans for Unemployed
Have a look at a few tips to help you save money on your rented accommodation.
Share your Rent
Always consider staying with other people on the same premises when you plan to stay on rent.
Sharing your rented space with other people helps you to enjoy more benefits. You can share other living spaces such as the bathroom or kitchen in that same amount. If you are facing a problem, you can avail rent loans for the unemployed.
So, if you stay with some more people, your rent share gets divided and reduced. Eventually, you get a cheaper property. You can get a 3 room property cheaper per individual than 2 room property.
Along with rent sharing, you also share other expenses such as bills, broadband services and other subscriptions. The grocery billing is also shared between you and your flat mates.
Keep a Check on Flaws
When you are making a visit to the property, keep an eye on all the flaws and pitfalls in the property.
If there are some serious issues such as dampness, or electrical issues, you can raise a red flag and look for some other property, but minor issues can be used to your advantage, such as a door or wall stains.
You can compromise and live with these minor issues to save some money. You can make a note of all these minor issues, and at the time of making the deal, you can always quote a lower price than what was asked for.
Request for a Break Clause
Due to the pandemic, many students returned to their homes and moved out of their rented apartments. Many students asked their landlord to reduce their rent due to the genuine situation.
It was a dicey situation as they had no legal backing for this claim of the rent reduction. And it was only dependent on the understanding between the tenant and the landlord.
It is advisable to get a break clause added to your agreement. A break clause allows either party to end the agreement at any time (after 6 months) with a notice of one or two months as decided by both parties.
In the absence of a break clause, it will be difficult for you to end the agreement and leave the rented place in case of any emergency.
There can be any emergency in the future, such as a university dropout, any medical emergency etc. So always consider this emergency situation and ask for a legal break clause.
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Fix up the Flaws on your own
As mentioned in the above points, you can check and note down all the imperfections and ask for a discount on your rent. Alternatively, you can avail of rent loans for the unemployed.
Another way is to ask for a discount for the imperfections, and you can sort all these flaws at your end by fixing them yourself.
Managing these flaws can be cheaper than the portion of the rent amount you will pay in return. Before talking to your landlord, ensure to fix those issues quickly and not aggravate them.
If you can quickly fix these flaws, then go for the rent reduction conversation. Otherwise, the money-saving conversation can make things difficult for you.
To fix these flaws, you can always go for same day loans for bad credit with no guarantor. You can borrow small amounts and work on these flaws and simultaneously save a significant amount on the rent.
Prefer a Semi-Furnished or Unfurnished Property
It is a myth that a fully furnished property will save you money. Instead, go for a semi-furnished property.
With everything intact and all the furniture in a fully furnished house, it may increase your rent due to all the facilities provided by the landlord.
Going for an unfurnished apartment may help you save a major chunk of money and add up to your savings.
Gradually, you can add up to your furniture and other furnishings. Many websites offer furniture at affordable prices. You can refer to these websites and look for affordable furniture as and when required.
Even with a fully furnished house, you would like to add many things according to your taste and preference. So, it is better to go for a semi or an unfurnished property to add up to your savings.
Learn how to Haggle
You can always use the haggle way if you deal directly with the landlord. Simultaneously, go to a lender and opt for rent loans for unemployed.
Although the landlord may not be much interested in reducing the rent, you can always try. You can learn how to haggle and try to reduce your rent.
There is no harm in learning how to haggle if it works, you are on the profitable side, and if it doesn’t work, anyway, you agree to pay the particular rent amount.
Prefer Rent Exclusive of Bills
Do not get carried away by including the bills in your rent. Many landlords offer you to pay the rent, including the monthly bills. But most of the time, there is a condition attached to these bills, i.e. fair usage.
If you have a high usage of central heating, you may not be able to reap benefits from this rent, including bills.
Your rent agreement must specify the usage amount and extra cost for over and above usage.
If you decide to pay your bills separately, that is a feasible option that pays the rent inclusive of everything.
In case you use less than the amount charged in the rent, anyway, you have to pay the same amount keeping you at a loss.
Lesser rent for Smaller room
If you are offered a smaller room compared to your flat mates, you can always ask for a lesser rent than others.
You can avoid paying extra for the shared spaces in your house. You should be able to fit the basic necessities in your room in spite of the smaller size. So do not demand a bigger room and work on cutting down your rent.
If you intend to save money, you can always do it. If you do not save money and pay higher rents, it may be difficult for you to pay off your other monthly expenses.
You may have to borrow rent loans for unemployed. In case of financial instability, it is essential to have your loan situation with the lender. Otherwise, it will be difficult for you to repay your loan.