Deciding the limit budget for rental is hard. How much is too much?
Eyeballing it you might have to make ends meet at the end of the month. Yikes.
There’s many opinion and guidelines to decide. But the general rule is 30% of your net monthly income. That means after tax is deducted.
After the expenses are taken care of, about one fifth of the amount should be your cut off point.
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However, this is just a general figure of your estimation. The amount differs according to state, housing area and even the type of the property.
Now that you have the budget, go ahead and start looking for your dream house!
Remember, use SPEEDHOME for a deposit-free rental.
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