Whether you’ve been offered a new job or simply want to start afresh, a move to London is full of exciting opportunities. Packed with iconic scenery, landmarks and exciting nightlife, London has a buzz like no other – it’s no wonder it’s such a popular place to live. If you’re making the move to the big smoke but aren’t sure where to start, start with our six tips for renting in London.
The first, and most important step of renting a property in any area is to figure out a monthly budget for the rent. Have a couple of figures in mind: an ideal range with the hope of grabbing a bargain and a maximum figure that you stick to strictly. This way you’ll be able to rule out any properties over your budget and avoid falling in love with what you can’t afford.
You should try to find a property at the lower end of your budget if possible, simply because it’ll save you more money down the line. Be strict with the figures you have in mind, but also realistic – London can be expensive, so do your research beforehand before contacting anyone.
Having a housemate not only means having a friendly face around the house, but you’ll also be able to save money splitting rent and bills. You’ll usually share a communal space but have your own bedroom, often in a nicer area and property than you would have been able to afford on your own.
If you’re looking for a housemate, try using badi. You’ll be able to find a variety of homeowners seeking a housemate, helping you discover the perfect property and person. You’ll be able to filter out properties that aren’t in your budget, plus you can choose between having multiple housemates or just one to keep you company.
Look for public transport links
Central London is known to be pricey, especially when it comes to housing. Consider expanding your search and look for transport links to the city centre instead. Staying on the outskirts or in a different borough of London further afield is typically cheaper than staying directly in the centre, with plenty of tubes and trains to keep you connected.
Navigating the underground is something you’ll have to do if you’re living and working in the area, but don’t worry: most journeys are quick and easy, with direct routes to the centre.
Cost of living in the area
Think you’ve found the perfect location? Well, you may want to take a deeper look at where you’ll be staying, as London usually has a higher cost of living than surrounding cities. The rent may be within your budget, but you’ll have to pay for far more than just that.
Have a look at the local shops, entertainment services, transport links, and other vital amenities to see how much you’re likely to spend on any given week. For example, you’ll end up spending far more at an express shop or even a newsagent, than you would at a regular supermarket.
Knowing everything from how much your weekly shop would cost to the price of a pint in your new local is key to ensuring you can afford to live in the area.
Keep your options open and don’t tie yourself down to a lengthy contract. The rental prices are always changing in London, and being subject to a year-long stay means you can’t move if you find something better or if your circumstances change. Short term lettings range from just a few weeks to a maximum of six months, although you can find some long term contracts that last six months if you’d prefer more security.
As we’ve noted, badi can help you find a housemate and a property in a matter of seconds. You’ll find a variety of fun, functional features and a handy map showing an overview of prices in the area you’ve searched for. This allows you to put together a budget while comparing the prices of different areas at a quick glance, allowing you to find the best budget for your needs and lifestyle.