Housing.com-How can tenants cut rental costs?
The demand for rented homes is on the rise in many key cities, including the top metros such as Delhi and Bangalore. One of the main reasons for this trend is the availability of employment and educational opportunities. As more people move to other cities, the demand for housing increases. Factors such as a favourable location due to the presence of metro connectivity, proximity to workplaces, and availability of amenities increase the monthly rental costs for a tenant. In most cities, landlords increase the rent by 5-10% every year. This could increase the financial burden for tenants. With other household expenses to meet, managing the steep rent increases becomes crucial. In this guide, we outline some smart strategies that tenants can adopt to save on their rental costs without negotiating on their quality of life.
