If you are looking for the best way to approach a complex issue of finally having a place of your own, a good strategy would start with finding out the budget you have for this venture. Make sure that your monthly expenses follow the so-called 50/30/20 Rule, where 50% is the fixed payments you have to face every month, and they include rent. Experts advise not to pay more than 30%-40% of the aforementioned part for rent, which means that rent has to take up an even a lesser percentage of your overall monthly budget.
Another important issue that you should keep in mind is that there will most likely be extra expenses that you might have to make that have to do with the property, and this is why communication with the landlord is very important on every step, as it may not only save you money in cases you would like to make the property more comfortable for yourself, but also saving your time in cases you and the landlord have a different vision.
For more tips read the full article in our blog: How much Rent can I Afford?
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