Pages

Thursday, November 21, 2013

How Much Rent Can You Really Afford?

 By Trulia

Before you choose your dream rental, you'll need to calculate how much rent you can afford to pay. Of course, there may be a difference between how much you feel you can pay, what a landlord thinks you can pay, and how expensive a given area's rental market is.

To avoid signing up for a lease you can't afford or losing out on properties that interest you because the landlord wants to see more income, you'll need to familiarize yourself with three prices: What you personally feel you can pay for rental housing; what local landlords think renters can pay (typically, landlords like to see rent not exceed a particular proportion of your gross income and use that proportion to screen applicants); and what average apartments and rental homes cost in your particular area. Depending on where you are in life and where you live, the proportion of your income that you pay for rent can vary.

Read the complete article: www.trulia.com


VISIT OUR WEBSITE OR CALL TODAY TO FIND
AN INCREDIBLE APARTMENT ON THE WESTSIDE!
(310) 899-9580

0 comments:

Post a Comment