{"id":12425,"date":"2017-11-13T05:21:26","date_gmt":"2017-11-12T21:21:26","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=12425"},"modified":"2022-07-01T04:10:09","modified_gmt":"2022-06-30T20:10:09","slug":"renting-budget","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/renting-budget\/","title":{"rendered":"Renting on a budget: What you need to know"},"content":{"rendered":"
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According to a study done by ECA International, Singapore is the world\u2019s seventh most expensive place to rent property. According to this survey, the average amount you can expect to fork out for an unfurnished three-bedroom apartment in popular expatriate neighbourhoods is roughly S$6,426 per month. Yup – renting in Singapore definitely doesn\u2019t come cheap! <\/span><\/p>\n

What if you\u2019re on a tight budget, and you can\u2019t afford to blow the majority of your pay on rental fees every month? There are some obvious things you can do, such as looking for an apartment in a suburban area, rather than one that\u2019s located right in the middle of the CBD. But location aside, there are other things you can do to maximize your rental budget, and get the most bang out of your buck. Read on to find out more!<\/span><\/p>\n

#1: Split costs with your flatmates<\/b><\/h3>\n

If possible, rent a room in a larger apartment, as opposed to getting a studio apartment all to yourself. Yes, you\u2019ll have less privacy, and you\u2019ll have to get used to your flatmates\u2019 quirks, but you\u2019ll also have someone to split your wifi and cleaning bill with. These things add up quickly, and having flatmates will help defray some of the cost!<\/span><\/p>\n

#2: Make sure your landlord allows you to cook<\/b><\/h3>\n

Can your landlord be <\/span>so <\/span><\/i>barbaric as to ban you from cooking? The answer is yes! Although these cases are rare, they\u2019re not completely unheard of. Some landlords will specify that their tenants are only renting a single room, and as such, are not allowed to make use of the facilities in the kitchen and common areas. Make sure there isn\u2019t such a clause in your agreement – because that will mean that you\u2019ll have to spend money dining out (or getting takeout) every single day.<\/span><\/p>\n

#3: Renegotiate your rent when your contract is due to be renewed<\/b><\/h3>\n

If you\u2019re the meek, non-confrontational sort, it\u2019s easy to just go with the status quo, and not make a sound. But think about it this way: <\/span>rental prices in Singapore have been decreasing steadily<\/span><\/a>, and if you don\u2019t renegotiate, you\u2019re doing yourself a disservice, and flushing your money down the drain. Plus: your landlord won\u2019t hesitate to increase your rent when the property industry is doing well, so why should you behave any differently now that market conditions are in your favour? <\/span><\/p>\n

#4: Rent an entire unit, and sublet out extra rooms<\/b><\/h3>\n

If you\u2019re particularly entrepreneurial, <\/span>subletting<\/span><\/a> is a great way to make some extra cash. Rent an entire home (making sure, of course, that the rental contract allows you to sublet rooms to other tenants!), and then invest in a little <\/span>home staging<\/span><\/a> to spruce up the place. If you <\/span>play your cards right<\/span><\/a>, you should be able to get a decent rental fee for your extra rooms – and this will help you to offset the rent that you\u2019re paying to your landlord! <\/span><\/p>\n

Check out other rental related articles here: 6 important rental terms tenants in Singapore should know<\/span><\/a> and <\/span>telltale signs of unruly neighbours<\/span><\/a>. <\/span><\/p>\n

Find the rental home of your dreams today at Singapore\u2019s largest property portal 99.co<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

According to a study done by ECA International, Singapore is the world\u2019s seventh most expensive place to rent property. According to this survey, the average amount you can expect to fork out for an unfurnished three-bedroom apartment in popular expatriate neighbourhoods is roughly S$6,426 per month. Yup – renting in Singapore definitely doesn\u2019t come cheap!…<\/p>\n","protected":false},"author":36,"featured_media":54933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53589,57131,53590],"tags":[54225,53638,53889,53640,54118],"persona":[],"class_list":{"2":"type-post","15":"entry","16":"has-post-thumbnail"},"acf":[],"yoast_head":"\nRenting on a budget: What you need to know - 99.co<\/title>\n<meta name=\"description\" content=\"What if you\u2019re on a tight budget, and you can\u2019t afford to blow the majority of your pay on rental fees every month? 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