Calculate your budget for its rental

First rent, security deposit, agency fees: build your pot

When signing the lease, for example on the 3rd of the month, you will be asked to pay the amount of the first month’s rent and a provision for charges, representing, on average, 20% of the rent (sometimes more!). The security deposit and the fees requested by the agency, each equivalent to 1 month’s rent excluding charges (two months in the case of a furnished rental). Before any rental project, so prepare a reserve of money to honor all these expenses, when the time is right. Not to mention the costs incurred by a possible move.

Domestic hot water and heating: assess and do not overconsume

« The It is important to study what is included in the rent and what is not, especially hot water and heating charges, recommends Dominique Charlemaine, head of the DOMISSY ‘L IMMO agency. If it is collective heating, the costs will be integrated into the rent but if this is not the case, it will be necessary to try to collect information making it possible to estimate the expenses related to heating and showers. Also make sure you have an individual water meter and take the survey when you settle in, to avoid any conflict over water consumption reminders ”. For do not have any bad surprises when the load regulation will intervene, have a reasonable water consumption and take a normal number of showers.

Housing tax: plan a larger or smaller amount, depending on the municipality

« It is always possible to give an order of magnitude but it is rare to be able to know the exact amount of the residence tax of the former tenant if we cannot join him, recognize Dominique Charlemaine. But you should know that depending on the municipality and the value of the property, this tax can have a significant cost. In Issy-les-Moulineaux, where the employment pool is very dynamic, the business taxes levied allow the municipality to generate significant funds and therefore reduce property and housing taxes. The situation is very different in Vanves, a neighboring municipality with a smaller employment pool and where property and housing taxes are two to three times higher, for an equivalent property. It is therefore a parameter to be taken into account! ”

Note, however, that the reform of the housing tax is underway and that tenants will soon no longer pay it. The household waste collection tax and the contribution to public broadcasting are not affected by the reform. A sum of money will therefore have to be provided for this purpose.

Home insurance: dedicate an average of 214 euros per year

You cannot escape it if you are a tenant: home insurance is part of the essential insurance, which will allow you to be compensated by your insurance company, in the event of claims related to fire, theft and water damage. Its cost varies depending on the size of your home, the capital to be covered, the options selected but also the region where you are located. According to the study of the online insurance comparator Assurland.com, Brittany is the cheapest region; Ile de France, PACA and Occitanie are the most expensive regions. The average price is 214 euros per year for an apartment or a house.

Do not forget either in your calculation the costs related to the Internet, which you will have a hard time doing without in your new home! The comparison of offers remains the best solution to save money. It is even possible to compare the offers of energy suppliers in order to reduce the annual bill.

–