{"id":1677,"date":"2018-03-07T11:41:53","date_gmt":"2018-03-07T11:41:53","guid":{"rendered":"https:\/\/blog.propertyfinder.bh\/?p=1677"},"modified":"2024-03-14T11:25:20","modified_gmt":"2024-03-14T11:25:20","slug":"much-rent-can-afford","status":"publish","type":"post","link":"https:\/\/www.propertyfinder.bh\/blog\/much-rent-can-afford\/","title":{"rendered":"How Much Rent Can I Afford?"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"size-medium wp-image-1680 aligncenter\" src=\"https:\/\/blog.propertyfinder.bh\/wp-content\/uploads\/2018\/03\/shutterstock_793357861-600x400.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_793357861-600x400.jpg 600w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_793357861-768x512.jpg 768w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_793357861-800x534.jpg 800w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_793357861.jpg 1000w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><br \/>\nBudget is ranked first when it comes to the list of requirements of finding a home. But have you ever considered just how much rent you really can afford?<\/p>\n<p>Here are some general guidelines that you can follow.<\/p>\n<p><strong>1. What is Your Budget?<br \/>\n<img loading=\"lazy\" class=\"alignnone size-medium wp-image-1679\" src=\"https:\/\/blog.propertyfinder.bh\/wp-content\/uploads\/2018\/03\/shutterstock_223702981-626x400.jpg\" alt=\"\" width=\"626\" height=\"400\" srcset=\"https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_223702981-626x400.jpg 626w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_223702981-768x491.jpg 768w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_223702981-800x511.jpg 800w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_223702981.jpg 1000w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/strong><br \/>\nFirst things first, you need to calculate your income. How much money do you bring in? Do you have any extra incomes? Assets? Bonuses? Add only those that are available on a regular basis and calculate your income. Usually, about 60% is spent on necessities; housing, transportation and food. Try and avoid going above that number, as you still have other expenses that you need to factor in as well.<\/p>\n<p><strong>2. What percentage of your income should go to your rent?<br \/>\n<img loading=\"lazy\" class=\"alignnone size-medium wp-image-1681\" src=\"https:\/\/blog.propertyfinder.bh\/wp-content\/uploads\/2018\/03\/shutterstock_330040367-500x400.jpg\" alt=\"\" width=\"500\" height=\"400\" srcset=\"https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_330040367-500x400.jpg 500w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_330040367-768x614.jpg 768w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_330040367-800x640.jpg 800w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_330040367.jpg 1000w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/strong><br \/>\nMost industry experts would suggest that no more than 30% of your salary should be geared towards rent, and not more. This obviously varies from one family and individual to the other. However, it is still a good number to try and abide by.<\/p>\n<p><strong>3. The Rule of Three:<\/strong><br \/>\nThere is a simple guideline that you can consider when it comes to your spending which is the 50\/20\/30 rule. 50 % of your income goes to fixed costs, such as housing, transportation and utilities. 30% should be directed on daily needs and expenses, including dining out and entertainment, and 20% should either be part of your savings, or geared towards your financial goals.<\/p>\n<p><strong>4. Always Consider the Extra Expenses:<br \/>\n<img loading=\"lazy\" class=\"alignnone size-medium wp-image-1682\" src=\"https:\/\/blog.propertyfinder.bh\/wp-content\/uploads\/2018\/03\/shutterstock_438202750-600x400.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_438202750-600x400.jpg 600w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_438202750-768x512.jpg 768w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_438202750-800x534.jpg 800w, https:\/\/www.propertyfinder.bh\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_438202750.jpg 1000w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/strong><br \/>\nThere are always extra costs that pop up, not only when you are searching for a home (agent fees for example) but also when you are already settled. Car maintenance, school fees, etc.\u2026 these should also be accounted for and calculated within the Rule of Three.<\/p>\n<p><strong>5. Remember Your Comfort:<\/strong><br \/>\nAt the end of the day, these are only guidelines for you to follow. The rent amount you are comfortable with paying ultimately depends on you and what you are comfortable with! Set your priorities and work around that for the right amount of rent you should be spending.<\/p>\n<h3><a href=\"https:\/\/www.propertyfinder.bh\/en\/rent\/properties-for-rent.html\">Click here to find properties for rent in Bahrain\u00a0<\/a><\/p>\n<p><strong>You can also search for:<\/strong><br \/>\n<span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;flat for rent in adliya&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:328445,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;9&quot;:1,&quot;10&quot;:1,&quot;12&quot;:0,&quot;19&quot;:0,&quot;21&quot;:0}\" data-sheets-hyperlink=\"https:\/\/www.propertyfinder.bh\/en\/rent\/capital-governorate\/apartments-for-rent-manama-adliya.html\"><a class=\"in-cell-link\" href=\"https:\/\/www.propertyfinder.bh\/en\/rent\/capital-governorate\/apartments-for-rent-manama-adliya.html\" target=\"_blank\" rel=\"noopener\">flat for rent in adliya<\/a><\/span><br \/>\n<span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;flat for rent in manama&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:328445,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;9&quot;:1,&quot;10&quot;:1,&quot;12&quot;:0,&quot;19&quot;:0,&quot;21&quot;:0}\" data-sheets-hyperlink=\"https:\/\/www.propertyfinder.bh\/en\/rent\/capital-governorate\/apartments-for-rent-manama.html\"><a class=\"in-cell-link\" href=\"https:\/\/www.propertyfinder.bh\/en\/rent\/capital-governorate\/apartments-for-rent-manama.html\" target=\"_blank\" rel=\"noopener\">flat for rent in manama<\/a><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Budget is ranked first when it comes to the list of requirements of finding a home. But have you ever &hellip;<\/p>\n","protected":false},"author":3,"featured_media":1680,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[6],"tags":[],"translation":{"provider":"WPGlobus","version":"2.10.9","language":"en","enabled_languages":["en","ar"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ar":{"title":true,"content":true,"excerpt":false}}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Much Rent Can I Afford? - Find your dream home on propertyfinder.bh<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyfinder.bh\/blog\/much-rent-can-afford\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Much Rent Can I Afford? 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