![]() ![]() Make allowances for extra costs like heating in winter. ![]() It’s a good idea to set a few dollars aside each week for bills so you don’t end up with an invoice you can’t afford at the end of the month/quarter.Ĭheck your previous bills for some idea of the average cost of gas, electricity and water. Depending on your lease, some, all or none of these utilities may be included in your rent. Utilities refer to things like electricity, gas, water and internet. If you need extra funds to cover your rental bond, truck hire, or removalist costs, we can help. Unexpected costs can pop up while you’re renting. Don’t forget your household needs either – that’s things like basic food staples, cooking equipment (crockery and cutlery), cleaning equipment (vacuum, mop, etc) and bedding. a bed, table and chairs) and whitegoods like a fridge, washing machine and microwave. If you’re moving out of home for the first time, or into a property without the shared goods your housemates provided, you may need to pick up some furniture basics (e.g. Depending on your situation, you may need to hire a truck, ute or trailer to shift your furniture or engage a professional removalist to help you out. If you have to move more than once every few years, moving costs can add up. RentBond is a convenient way to pay your 2 weeks’ rent in advance and other moving costs. Two weeks later, rent will be due again and that rental payment will pay for the next fortnight, and so on. The two weeks rent in advance pays them for the fortnightly period. At the beginning of a tenancy, tenants pay their bond and two weeks rent. In most cases, you’ll also be asked to pay 2 weeks rent in advance as part of your security deposit. For more information on pet bonds, click here. This is a fee that covers any costs incurred as a result of damage from your pet during the tenancy. ![]() If you live in WA, you’ll be asked to hand over $260 as a pet bond if you plan to bring Fido with you. When you’re approved for RentBond, we’ll pay your loan either directly to your agent or to your nominated bank account. ![]() RentBond is a convenient way to pay your rental bond. You will need to have this money ready when you sign the lease. This amount is usually equal to one months’ rent, but it varies from state to state. Upfront costs of rentingĪ landlord/agent will ask for a rental bond, ‘bond’ or ‘security deposit’ when you agree to rent a new property. Here are some of the potential costs you need to think about when planning to rent. One discount that's available, for example, is 25% off the full Council Tax bill if you live alone.Įstimating your future Council Tax in this way should help you budget but, before you make an offer to an agent or landlord, ask them how much the Council Tax is, in order to confirm your estimates.Your weekly rent isn’t the only thing you have to budget for when you sign your next lease. While you're there, check to see if any discounts apply to you. You could do this by checking out the council's website for its rates. In London and other expensive areas you should probably expect C or D.ĭo your research to find out how much tax you might pay. I reckon that, for most first-time renters, your Council Tax will be between bands A and D. The more expensive the property, the higher the band. Properties in band A have the lowest taxes and properties in H have the highest. This local tax is divided into bands, usually A-H. My own bill halved when I moved to a different area, despite the two properties being roughly the same value, in my estimate. Council Tax rates vary wildly from council to council. ![]()
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