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Setting a rental budget

Stuart Nesbitt
Stuart Nesbitt

For many renters the most important consideration is how much they are willing to spend on a rental per month. For this reason it should come as no surprise that the first step in the rental process should include establishing a budget. Renters should consider their monthly income and subtract out all of their monthly expenses from this amount. Monthly expenses should include all bills which are paid regularly as well as money spent on food, entertainment and miscellaneous items each month. The renter may also wish to subtract out an additional amount to allow for some savings each month as well as emergencies. The total left after these subtractions is the amount the renter is able to spend on an rental per month. Once this amount is established the renter will have a better understanding of the type of rental they are able to afford.

When you know you budget and you’re ready to shop for a new home, contact an agent.  Rental agents cost the renter nothing and they don’t work for one specific building. A rental agent can see all the rentals that are available to make sure that you get the best value for your money. [Learn more]

If you need an agent contact Julie Nesbitt.

[Or select your rental own criteria.]

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Allison Nesbitt Johns

View posts by Allison Nesbitt Johns
Allison Nesbitt Johns is a native of Northern Virginia and a graduate of James Madison University. She is a full-time elementary school teacher and helps out at Nesbitt Realty during summer months and other times when school is out of session.