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How To Buy A House In Dubai

Dubai is one of the most-admired destinations for real estate investments in the world yet learning how to navigate the complexities of purchasing a home in Dubai is easier said than done. Many who have no experience in Dubai or the Middle East in general nonetheless want to scoop up some beachside property in the country while property prices are still trending downwards. To do that successfully, you need to know what to expect, and how to go about buying a house in Dubai.

Here’s what you should know about Dubai and its real estate market, and what you should be doing if you want to buy a house there.

Dubai is jam-packed with expats

Dubai is filled to the brim with expats, or foreigners who have left their home countries to come to Dubai in order to enjoy its tax-free and luxurious lifestyle. Dubai is dotted with beachside resorts, towering skyscrapers, and other public works which make it an exceptionally alluring tourism destination, too, so you’ll constantly be capable of meeting new people from all over the world if you own property there. All of these factors also contribute to expensive property prices and certain ways of life, however, and you should do your homework before making the plunge and buying a pricey yet beautiful home.

Over the past couple of decades, Dubai has enjoyed an astonishing rise to economic prominence, with impressive construction projects now dotting the landscape. Over the past few years in particular, however, the construction market has taken a hit, and property prices have slowly but surely slunk downwards. According to one analysis from the Financial Times, property prices are down by at least 25 percent since 2014; this means that foreigners are facing a nearly-unparalleled opportunity to scoop up expensive property at a bargain price.

You should also be keeping an eye on the long-term real estate market, however, as continuously lowering prices can stymie your investment potential. Furthermore, many people who want to make a life for themselves in Dubai don’t intend to stay there forever, which is why large swathes of people who live there don’t actually own their own property. Buying will almost certainly entail high down payments, and it requires a sense of job security that many expats don’t have unless they have long-term intentions to stay in the area.

Special attention must be paid to mortgages. If you’re a mortgaged buyer of a completed home in Dubai, for instance, you’ll be required to make a 25 percent down payment, a steep bill which many expats don’t like to burden themselves down with. Given that the 25 percent figure is only the minimum for expat buyers, you’ll need to amply plan out your purchase long before it occurs. As expat buying guides will also remind you, life insurance is also compulsory when you mortgage property in the UAE, so don’t think that down payment will be your only expense.

Plan for traffic

Anyone wanting to buy a house in Dubai must also make travel plans. Traffic in Dubai is infamously bad despite its impressive public infrastructure, so anyone who needs to commute to the city center will want to take that factor into consideration when purchasing a home. Lovely places like Meydan still offer near-unparalleled views and living standards, however, so some extra time spent on the commute may be well worth it. Those who are unfamiliar with the region’s culture and customs must do their homework before buying a home unless they want to face some culture shock as they try to adjust to their new living space, though.

It’s worth reading the opinions of those who have lived, traveled, and worked in Dubai as expats before scooping up some nice property for yourself. They’ll remind you that many common assertions about Dubai are false; drinking alcohol isn’t forbidden like many people think, for instance, but is simply less common and acceptable in public than in Western countries and elsewhere. You should also consider such things as developer’s fees and transfer fees paid to the Land Department, though the specifics of such financial arrangements should be left to your real estate and financial professionals.

You may want to purchase a home that has covered car parking, as the stifling heat of the region can literally make your car unbearable to drive while simultaneously damaging it, such is the extent of the summer temperature in Dubai. Despite the increasingly-low property prices in Dubai, you’ll want to talk to a local developer and do plenty of research before scooping up a cheap house. Dubai has grown at an exponential rate, but such growth isn’t sustainable anywhere, and the future could feature much less construction than the present. Nevertheless, Dubai continues to be a coveted destination to purchase a home in because of its robust economy and wondrous views.

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Renters Insurance In 2019 Remains Cost-Effective

Imagine a worst-case scenario in which your living space has been devastated by a fire, flood or been completely burglarized and vandalized. Adding insult to injury, you don’t have any insurance to cover the loss or to start over.

That’s the all-too-common situation that renters place themselves in by shrugging off the necessity of securing a renters insurance policy. What makes matters even saltier is the fact that you could be adequately protected for less than one dollar a day, or less than the price of a small coffee.

If that reality doesn’t persuade you to get the cost-effective protection you deserve, I hope the following analysis sheds some light on why renters insurance is a must in 2019.

Importance of Renters Insurance in 2019

One common misconception that renters seem to believe is they just don’t have enough at stake to warrant this additional expense. Considering the high cost of today’s Smart televisions, computers and other devices that are targets of theft, renters may want to do a little math on how much it would cost to replace your possessions.

After tallying up your valuables, it may surprise you to know how few renters take steps to protect their investments. Only about 37 percent of renters have coverage compared to a whopping 95 percent of homeowners, according to a 2014 Insurance Information Institute poll.

The number of people renting living space has increased. Today’s Millennials are reportedly renting at a higher rate than other groups, according to reports. The currently tight housing market and rising interest rates are expected to result in more everyday people renting instead of buying.

But the fundamental question renters continue to ask — even in facing potential losses — is, “why do I really need renters insurance?” These are three things I strongly urge renters to consider.

1: Affordable Protection

The average cost of renters insurance continues to trend at less than $20 per month in most states. In some states, coverage can be secured for less than $10. That’s about the cost of a good Netflix subscription and far more enjoyable if you can be reimbursed for a loss.

2: Personal Property Protection

It’s important to understand that most homeowners with a mortgage get coverage because they are required by their lender. The portion of that coverage that covers loss of personal property is generally factored in as a percentage. A renters insurance policy covers similar items such as electronics, furniture, jewelry, clothing, and other valuables. Like homeowners insurance, your coverage would reimburse losses due to things that include the following.

  • Fire
  • Smoke Damage
  • Explosions
  • Lightning Strikes
  • Severe Weather Impacts
  • Aircraft Crashes
  • Civil Riots
  • Theft
  • Vandalism
  • Water Damage and Flooding

Although people often think about losses in terms of burglary and theft, there are a wealth of conditions that can result in substantial or total loses.

3: Liability Coverage

Along with direct financial losses to your personal property, many renters insurance policies also include a liability provision. This coverage is often overlooked by renters who assume any slip and fall, or another injury would be referred to the property owner’s insurance carrier. Unfortunately, we live in a culture where lawyers push to sue everyone and sort out responsibility later.

In the interim, you could at least be on the hook for hefty legal bills in the thousands. For less than $20 per month, standard policies usually offer $100,000 or more in total coverage. Ontario home insurance policies also tend to have a line item specifically for medical bills. Liability insurance amounts to pennies when you consider the possibility of getting embroiled in protracted and expensive civil litigation.

What Makes Renters Insurance Additionally Useful?

Beyond the direct losses renters too often suffer from theft and damage, renters insurance usually includes many of the helpful perks found in homeowner and auto policies.

Consider for a moment that you were in an automobile accident. In all likelihood, your car, truck or SUV will be spending time at the dealer or mechanic undergoing repairs. It may even be a total wreck. Despite the fact that you feel secure knowing the loss will be covered under your policy, how exactly do you get to work, school and important life appointments without a vehicle?

The answer is often a line item in your policy that provides additional coverage for a rental vehicle until your automobile is restored. That often proves to be an invaluable aspect of auto insurance and renters insurance can offer similarly useful benefits.

Often called “disruption” or “relocation” insurance, many renters insurance policies will pay for extended stays at a hotel or motel while your living space is not inhabitable. Policies also offer coverage for relocation in the event your rental space suffers a complete loss. Although many landlords are liable to pay for such out-of-pocket expenses, getting a check from your insurance company and letting them chase the property owners makes your life keenly less stressful.  

Calculating A Renters Insurance Policy

Given the incredibly low cost, it’s almost mind-boggling to think that less than half of all renters protect themselves with a policy. The average renters insurance policy runs about the same cost as a decent cell phone charging cable or set of earbuds. Not having a policy seems almost silly when you consider how many of those items you lose or replace each year. That being said, these are the critical factors that can save you even more money on a policy.

  • Location: An insurance company calculates premiums based on the risk of loss. People living in urban areas are considered at a higher risk of those living in rural areas, generally speaking. The state you reside in will also impact the premium amount.
  • Rental Type: Houses, condos, and duplexes are usually considered at a higher risk of loss than apartment buildings. Expect a lower rate if you live in an apartment complex.
  • Credit Score: There’s little doubt that credit history plays a substantial part in our culture. Just as the landlord probably checked yours before signing a lease, the insurance carrier generally rewards good ratings as well.
  • Total Coverage: In calculating risk, insurance outfits also factor in the maximum potential payout in a total loss. Lower coverages are generally less expensive ones.
  • Deductibles Matter: A deductible is an amount the policyholder is responsible for paying out-of-pocket before the coverage begins. One of the reasons that insurance organizations generally require these policyholder costs is to avoid being flooded with nuisance claims. With that in mind, insurance companies tend to charge even less for policies with higher deductibles. The average renters insurance deductible runs between $500 and $2,000. When opting for a higher deductible, remember that you will be called upon to pay that amount if you suffer a loss.

Contact a Renters Insurance Company Today

If you are renting an apartment, condo, duplex or home, the value of renters insurance far outweighs the nominal cost. Although premiums vary between urban and rural landscapes and even state-to-state, the differences are hardly worth considering not having full protection. I hope this overview of the cost-benefits of renters insurance in 2019 inspires you to get the secure coverage you deserve.

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How You Can Reduce Summer Energy Expenses

How You Can Reduce Summer Energy Expenses

When you want to save a few buck here and there to hire a French tutor Brampton or do something extraordinary, reducing energy use can help you a great deal. Not only will you reduce energy costs when you use less energy, but you will also reduce energy consumption entirely.

Reducing energy consumption is also a means of living a sustainable, efficient, and frugal life. Here are some of the ways you can reduce energy costs during summer:

  1. Washing

There are a lot of advantages and disadvantages when it comes to washing by hand and daily chores like dish and clothing washing. However, if you are looking to save energy, you should consider washing by hand rather than using a washing or a drying machine.

You can use cold water if you still insist on using a washing machine rather than heating it. When it comes to washing dishes, wash the knives and forks by hand, then use a dishwasher if you have a load of dishes. However, instead of enabling the heated dry feature just dry the dishes with a cloth before you put them away.

  1. Air Conditioning

This is one of the most energy consuming amenities in our homes. Air conditioning can be useful for certain climates, but you also tend to waste some energy via the A/C. Before you consider turning on the A/C, consider closing the drapes and blinds to cool your condo since the direct sun is the primary heat generator.

When you keep the windows, and the blinds closed throughout the day, the hot air doesn’t invade your space. You can open the windows when the sun sets because the air outside will have cooled. So you will let the breeze flow through the room cooling and circulate the air.

If this criterion doesn’t work, then you can turn on the air conditioner just don’t overdo it, instead keep the temperature to a reasonable degree. This will make sure that you keep your energy bill manageable and comfortable as well.

  1. Electronics And Appliances

Unplugging your electronics and appliances has to be the easiest way to cut down on energy waste. You will also significantly lower your electricity bill. If you have applicants that are always plugged in then make sure that they are turned off whenever you are not using them. Make sure that the lights are also not on during the day or when the rooms are unoccupied. Shopping at an affordable online headshop with quality dry herb devices can save on electricity as well.

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Window Options That Will Help You Salvage Windows with a Horrible View

Window Options That Will Help You Salvage Windows with a Horrible View

If you live a highly urbanized room, then your window’s view probably includes ugly billboards or walls of buildings next to you. You lack a gorgeous room if you live in tight quarters.

After tirelessly looking for a personal injury lawyer online, a gorgeous view can help relax you. So rather than staring at a brick wall, you can get creative with some of the ideas we are going to give you and salvage a window with a horrible view:

  1. Incorporate Indoor Plants

Plants tend to act as attractive distractions. You can use the plants to make the ugly view less visible creatively. You also need to hang sheer curtains, then place the plants. Pots of ferns are one of the plants that look good in front of the window.

If you use sheer curtains as your background to make the plants stand out and make the ugly view fade away. Some plant ideas include English ivy, spider plants, philodendrons, burro’s trial, and pothos. You can also line the pots in front of a window.

For the floor consider floors like Massangeana, snake plants and varieties of Dracaena. You can also put a beautiful console table against the window and place a few pots of some Phalaenopsis.

  1. Use Mirrors to Reflect and Distract

Mirrors can also help you deflect the attention from the horrible view and create optical illusions. Put a mirror on the wall beside the window and angle it to reflect a tapestry, pretty painting, or a plant grouping. You have to make sure that the mirror is arranged in wall décor.

  1. Hang an Amazing Mobile Over Your Window

If you don’t like plants, you have the alternative of hanging fantastic mobile against the curtains. All you need to make sure that you select a theme that will complement the rest of your décor. Hang something made of pottery pieces if you paint is earthy.

  1. Install Etched or Stained Glass

If the window is large or in a prominent part of the room, you should consider using etched or stained glass to block the horrible view. Look for a stained glass that is precisely sized to have replaced or fit over the glass that’s already there.

Fitting it right will make sure that you can still be able to open the window whenever you need to. Make sure the design is attractive and eye-catching, the last thing you need is another horrible or boring view.

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How To Make a Dark Room Brighter

How To Make a Dark Room Brighter

Brighter rooms can improve your health and make you more protective. The same way you can hire a tutor physics to make your kids better academically, you can also make your dark rooms more inviting and cozy. Also getting in touch with a mobile cleanroom company like Astropak can be super beneficial. Here are some of the steps that can help:

  1. Get High Wattage Bulbs

If your bulbs and lamps are not giving enough light, you need to up their wattage. Use the highest wattage that’s allowed in each. They can be a bit expensive, but they will make your room brighter and also save you money overnight.

The bathrooms and kitchens are need lights that are in between blue and white ranges. The living room and bedroom, need a yellowish range that offers you a soft white, and blue range with a daylight effect, especially for near reading chairs.

  1. Avoid Blocking Out Windows

Use adjustable curtains and shades in airy fabrics and light colors. Thick curtains and heavy valances minimize the natural light in your rooms and make them enclosed. Keeping your window treatments at the minimal will drastically improve the natural light into your rooms.

  1. Use Light Colors to Decorate

If you have a lease on the house, you can paint the dark colors with light colors like tan, white, or greige. However, if the contract doesn’t allow you to re-paint, then you can choose décor and fabrics that have delicate patterns and light in color. You can select more washed-out and pale colors rather than going all white.

  1. Get Rid of the Dark and Bulky Furniture

Bring in furniture that has a lighter shade of wood or that’s white. You use delicate pieces that have clean lines. Use furniture that has high shine surfaces like chrome, brass, lacquer, or brass to help you reflect the light.

  1. Place Mirrors in Strategic Spots

Mirrors will help reflect right so the trick is to place them across the lighting or windows where they will be able to bounce the natural light around your room. Mirrors tend to look incredible above sofas and mantles, in entryways or when hung strategically. They will make the room appear bigger and brighten it as well.

  1. Decorate Minimally

To make your room appear brighter, you can streamline your space by decluttering. The room will seem more open and bigger which will give it a brighter feeling. Reorganize your house and cleat some of the things that make it look untidy and squeezed. The room will be brighter and less messy.

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Bohemian Room Décor for Your Condo

Bohemian Room Décor for Your Condo

Getting bohemian room décor and nailing it can be very tricky to achieve. Popularly, the word Bohemian is associated with images of hippies, world travelers, and artists. This means the style is eclectic and romantic and conveys a free-spirited sense of an artistic person.

The same way you have lots of options when you are looking for an injury lawyer, you have endless possibilities when it comes to bohemian room décor. However, you don’t have to turn your condo into a big hodgepodge; you can keep it chic. Here are some of the rules you should consider:

  1. Consider The Mood

Be open to embracing the unusual whether in fabric, furniture, or art. You have options like Moroccan poufs, hammock chairs, and tribal art. You can also use vintage streamlines or modern colors, with chic boho style you can juxtapose anything.

Do whatever your inner gypsy wants. Use warm, romantic lighting in your condo for bohemian décor. Embrace embellished surfaces and bold colors.

  1. Colors and Patterns

If you want to make your condo look bohemian, make bold patterns and bright hues your signature style. Look for 2-3 chic patterns that will coordinate with your palette and mix in unique textures in colors that are neutral.

Florals are a necessity when it comes to bohemian décor. Floral fabrics give a fanciful and hippie vibe. You can also look for abstract geometric florals.

  1. Materials and Texture

You want to make your condo look more patina so opt for rustic textures like antiqued surfaces and unfinished wood. Macrame and crochet are never frumpy. Embrace handmade arts for blanket embellishment, curtains, and hanging plant holders.  Greenery is also perfect for chic boho décor.

  1. Objects

For bohemian style more is more. Layer your condo surfaces with travel mementos and art for a chaotic yet happy look. Display specific collections for a more chic vibe and dramatic impact. Whether you shop for Etsy or DIY, you need handmade crafts.

Appeal to your gypsy senses with incense and candles in exotic fragrances like frankincense, amber, ginger, mandarin, and saffron. To complete your bohemian décor, you can display travel souvenirs. Everywhere you go, collect décor and art for your home. Then you can hand the global treasures in prominent spots in your condo.


For you’re a touch of bohemian décor in your condo, you have to embrace your individuality and creativity. Express yourself by decorating with anything that will showcase your artistic personality.

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Top 7 Décor Tips for Your Kitchen to Stand Out

Top 7 Décor Tips for Your Kitchen to Stand Out

The uniqueness of interior décor is in the details. It doesn’t matter if the small or big, if you have an eye for design and you fancy class, then you can transform even the smallest kitchen into a masterpiece. Unfortunately, design/ interior décor isn’t for everyone. As you look for tax help Toronto, let us throw some nifty kitchen design tips your way.

  1. Incorporate a window backsplash

We bet you’ve never thought about this, have you? Well, instead of using tiles on the backsplash, have small windows. Besides giving your kitchen a snazzy look, the window backsplashes increase the lighting in your kitchen. The only issue is that the glass could be better but, it is resistant to water and easy to clean.

  1. Open shelves

Having open shelves gives you the opportunity to display your beautiful kitchen items. It is also a practical and a cheap solution. Just choose the right spot for the kitchen shelves to display your vintage dishes.

  1. Be creative with storage space

You can use open kitchen cabinets to display your art pieces and cookbooks. You can also use transform some part of the kitchen cabinet into a wine rack. Water bottles can also take the space of wine bottles.

The storage under your island can stay open and then you can spruce it up by displaying beautiful baskets with groceries. This is a perfect idea for rustic kitchens. Finally, how about incorporating a sliding rack for spices?

  1. Incorporate some interesting pieces

Most of us confine décor or art pieces to living rooms and the study yet, the kitchen offers a perfect space for your displaying art pieces, vases, and antiques. If you are looking for a new way to enhance the appeal of your kitchen, get an interesting piece to add drama to your kitchen.

  1. Use bright area rugs

Instead of painting the cabinets in your white kitchen, use area rugs. The best part is that you can change the rugs easily giving your kitchen a new/ interesting look. You go all out, choosing brightly colored area rugs and runners.

  1. Using Multiples/ collections

For a positive visual impact, display a collection of multiple items. The items must be eye-catching and colorful. You should also consider creating a large art wall collage although a simple collection of beautiful cups of tea work too!

  1. Lighting

You need to install the latest lighting to illuminate your kitchen. Try using LED lights for food preparation, task lighting above the cooker, mood lighting for the dinner table and dimmers for easy light level adjustments.

Finally, you should use as many baskets as you can. You can also add cabinets on counter tops, have built-in cutting boards, and incorporate unique (color blocked) furniture.

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Tips to Moving into Your First Apartment

Tips to Moving into Your First Apartment

Moving to your first apartment is a pretty big step, it is almost the same as a first relationship, only more exhilarating and terrifying at the same time. If you have been haunting for apartments in liberty village, already found a new place you like, scheduled a moving date with your new landlord then you know the feeling of owning a condo for the first time.

However, moving out can be very exhausting especially if you haven’t planned ahead. Here are some tips that will help you stay calm and organized during the process of moving into your first apartment:

  1. Know The Apartment’s Layout

If you already have a place and a signed lease, then you have an idea of how the condo looks like. This helps you know if you like the place and neighborhood. Finding out the layout of the new apartment will also help you find out what you can and can’t bring.

You will be able to measure the window for the curtains, find out whether you will need new shelves or décor, and the best furniture suited for the new apartment. If you can’t make it to the apartment, send a family or friend to take pictures and take essential measurements for you.

  1. Pack Early

Packing is never fun especially if you are doing it last minute. If you want to stay sane and organized while preparing for your first move, then it is only wise to pack early. Use the weeks before the move to pack the nonessentials like kitchen and bathroom supplies. Then shift your focus to the essentials the days leading up to the move.

  1. Organize Your Move

When you are making your first move, you need to keep track of what you have, what you won’t need and don’t have, whether you need to hire a mover, when to pick the apartment keys. You also need to know when to pick the moving truck, what time you want to move in, and anything necessary.

Make sure you keep all your information on your move in the same place. Staying organized will help you coordinate your deliveries when you are moving. Since it’s your first apartment, you will also have to order things like a bed, couch, mattress set, TV and some of the things you will need and have them delivered when you are moving in.


Moving into your first apartment doesn’t have to be stressful. The biggest trick is to make sure that the stress doesn’t overtake the excitement. This is a big step for you, don’t let the moving process interfere with that.

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Maintenance Tips for Condo Owners

Maintenance Tips for Condo Owners

Condo living doesn’t have a lot of maintenance responsibilities. This is because condos have property management tips that take care of the grounds care, external maintenance, repairs and major building renovations. However, the basic internal maintenance is your responsibility.

Like filling a PTO request form sample, basic maintenance is hassle-free for condo owners. However, a little maintenance is important if you are looking to enjoy your condo all year. Here are tips to help you keep the maintenance hassle free:

  1. Proof-Check Your Warranties

All major appliances come with manufacturer instructions and warranties. You need to read and follow the instructions. Check if your appliance has any issues that fall within warranty conditions, in case they don’t bring it to the manufacturer’s attention. Following the warranty will save you potentially heavy maintenance fee if the appliance breaks down.

  1. Door Hinges

You can never evade the classic squeaky door hinge. If you happen to hear squeaking, the first thing you should do id buy some silicone lubricant. Get a multi-purpose lubricant like WD-40. To apply the lubricant you have to remove the hinge pins first then re-insert into the door hinge after applying.

To avoid undue stress on the door, remove one hinge pin at a time. Do not make the mistake of buying oil lubricants because they will attract dirt or dust.

  1. Circuit Breakers

Once you move into your new condo, make sure you find and familiarize with the circuit breaker. The condo has a standard circuit switch, therefore if a circuit breaker trips, turn it off before you turn it back on.

  1. Drains

Maintaining your drains is cost-free which saves you a lot of money. At least once a week, pour boiling water into the drains to wash away built up junk and keep them clean. You can also clean it using a garburator using citrus rinds and a few ice cubes every couple months.

  1. Appliances

To avoid future headaches, check your home appliances every once in a while. Inspect the supply lines to the dryer and washer to prevent water damage that could go undetected in case of a slow leak. Check the deep freezers and refrigerators for the same issues. Inspect and clean major appliances every few months.

  1. Smoke Detectors

You need to make sure that after installing a new battery, you understand how the alarm should be tested. You should also make sure the smoke detectors are cleaned monthly. It is also a good idea to always have extra batteries at hand.

  1. Ventilation

This is one of the most impactful maintenance tips. Make sure the vents and fans of your condo are always clean and clear of dirt, dust, and debris in order to keep it well ventilated. You can do this by constantly airing out your condo when the windows are open. A well-ventilated condo is easy to dust and sweep.

  1. Paint Colors

Keep track of the condo’s paint colors. Try and find the exact paint used on your walls from a local hardware store. Each time you decide to re-paint, make sure you keep track of the paint colors choices.

  1. Furniture Pads

Taking care of the furniture pads will help you avoid scratched floors, especially if you have hardwood floor. Invest in felt pads for the furniture legs. You can find them at most hardware stores. They will save you maintenance costs in the long run.

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How Much Rent Can You Afford

How Much Rent Can You Afford

It is easy to overspend on rent because you think that you deserve to live in the best neighborhood or a bigger house even when you cannot afford it. You may be living in a house you cannot afford because of peer pressure or because of your liking for finer things in life but, until you can afford that square footage, you should find a rental space you can comfortably afford.

Even without the help of the best tax accountant Toronto, you can still determine your best affordable rent by considering the following:

  1. Mathematically speaking

There is a 30 percent rule that has been used for years to determine just how much you should pay as rent annually. While some people stretch it and others spend less than 30 percent in rent, 30 percent remains the standard. You need to know that the 30 percent needs to cover not just the monthly rent but also your utility bills. You should incorporate other house-related expenses and insurance.

  1. Come up with a budget

You should assess your income first by looking at the exact amount you bring in annually. Other than your salary, you should consider bonuses, interests, dividends and other means of income associated. Out of your earnings, you should spend about 60 percent of your budget on housing, food, and transportation. You also need to take into account emergency funds, entertainment, your retirement fund, and insurance.

  1. The 50/30/20 Rule

According to this rule, you should spend 50 percent on fixed costs, 30 percent on the day to day expenses and 20 percent on your financial goals. This rule may not apply to everyone because, at some point, you’ll need to focus on saving more towards your retirement.

  1. Personal comfort

Just because you need to pay a particular percentage of rent doesn’t mean you should. If you are comfortable living in a low-rent neighborhood but spending more money on transportation, that is up to you.

Also, when looking at comfort, you should look at the location of the house. If you prefer living in the big city and one of the best condos available then it means that your rent will be high. In most cases, you will spend less on transportation so, you will still be comfortable with the high rent.

Another factor to consider when talking about comfort is kids. If you have kids, then you have to take into account the cost associated with their education, entertainment, daycare and medical bills.

For utmost financial comfort, you have to set realistic budgetary expectations. When in doubt, make sure your rental spend doesn’t exceed the 30 percent standard.

  1. Additional expenses

Once you move into your new place, you will realize that there are expenses you hadn’t accounted for. You will need money for furnishings and other necessities like electronics and cookware. You have to make sure you can afford them alongside your rent.


The answer to how much you should pay as rent depends. It depends on your income, your budget and what really matters to you!