Renting your first property as a student is an exciting prospect - but it doesn’t come without its stresses. Whether you're moving out for the first time or looking for a different home away from home during your studies, there are several key factors to consider. To help you navigate the market, Team Tiili has compiled a list of the top 10 things every student should know before renting a property.
1. Start Your Search Early
The best student accommodations are often snapped up quickly, so it might be worth getting an idea of what you're after several months in advance. By prioritising getting organised, you’ll give yourself enough time to find accommodation that meets your needs and budget without the dreaded last-minute rush.
2. Understand Your Budget
Before you start looking for properties, it's essential to set a realistic budget. Consider all your expenses, including rent, utilities, food, and social activities. Don’t forget to account for one-time costs like deposits. Useful online tools such as budgeting apps will help you to keep your finances on track.
3. Check What's Included
Ask the landlord or letting agent what's included in the rent. Some properties may include utilities, internet, and other amenities, while others do not. Knowing what’s included can help you budget more accurately and avoid unexpected costs.
4. Consider Your Housemates
If you’re planning to share a property, choose your roommates wisely. Living with friends can be great, but it’s important to discuss expectations and responsibilities upfront. Agree on house rules, cleaning schedules, and how bills will be shared to prevent conflicts down the line.
5. Plan for Extra Costs
Beyond rent and utilities, there may be additional costs such as TV licences, council tax (which full-time students are usually exempt from but still need to apply for), and insurance. Consider contents insurance to protect your belongings from theft or damage. Factor these into your budget to avoid any financial surprises.
