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Renting One Bedroom Flats in London

Anyone looking for cheaper housing will be glad to know there are various options open to them within London. One such option is that there are always one bedroom flats to rent in London.

Whether you are looking for a place to stay in the Northern, Eastern, Western or Southern regions of London, you can be sure there will be a one bedroom flat available for rent somewhere.

Finding Accommodation that is Affordable in London

London is a city that has been growing for more than 2000 years now. There are such a huge diversity of communities and housing across this marvellous city in England. Most people, including visitors to London might find it hard to source suitable flats for rent that will suit their budget.

Just look at the recent investments in the housing market soon after the 2012 Olympics in London. This included one bedroom flats. Many young ones, which include college students, are keen to find one bedroom flats to rent in London.

How Flat Owners Can Profit From Renting Out Their Flats

Flat owners can put more money in their pockets by letting their one bedroom flat to someone who is in desperate need of accommodation in London.

You will often see smalls in popular newspapers in London where new students are looking for one bedroom flats to rent in London. Even holiday makers find it useful as London is seen to be the favourite place to visit in England. After all, this city remains an exciting, cosmopolitan city where one can meet all types of people and get to experience various cultures.

There are certainly no shortages of people who are looking for a one bedroom flat in London. Flat owners would do well to consider renting out their one bedroom flats. Who could not do with a bit of extra cash to pay bills, or even pay for their child’s college education.

There are various attractions in and around London that will ensure that any flat owner will always have a new tenant to let their one bedroom flat to. People from all over the world would love to see attractions like the London Eye, the O2 Arena, The West End, Buckingham Palace, Wembley Stadium, Lords, the Tower of London, and even Parliament. They will be looking for cheap housing while staying over, which is why the option of one bedroom flats to rent in London is very attractive to them.

What Makes One Bedroom Flats To Rent An Attractive Option?

You can be sure that students, holiday makers, and bachelors as well as bachelorettes will be keen to rent one bedroom flats as it is one way of securing cheap housing in an area where accommodation is normally quite expensive.

Generally, the spaciousness and entertainment possibilities presented by a one bedroom flats to rent in London makes it the preferred choice for many. In some areas of London you can expect to pay between £500 to £800 per week.

Now that you have decided your home needs uplift, the challenge ahead is to arrange finance and manage within your budget. Quite often, construction and renovation projects can go over the set /planned budget. It can be quite difficult to get things going per plan and stick within the set cost limits. Listed below are few tips that help you stick to the budget.

Before you commence or check for available budget, sort out what you need done in the house. Based on this, come up with a budget and set at least 10% additionally for any unprecedented rises. When you give at least 10% flexibility and retain that funds as a last resort, you can avoid last minute surprises.

Choose your renovation options wisely. Costly makeovers are considered worst home improvements from different angles. Instead, opt for affordable alternatives like using wall papers instead of redoing your wall paint. Likewise, you can consider installing new showers and other amenities, instead of going for a luxurious bathroom remodeling that is not useful. Kitchen is another area where there are excessive surprises. Consider what you need for your kitchen, than what you like to cut costs. With solar energy advantages and disadvantages becoming a topic of debate, many home owners are reconsidering their choice of installing solar panels.

Yet another option many overlook is looking out for additional income sources. When doing home renovation, one way to get a standard recurring income is by letting-out your premise. You can choose between choose house share and accommodate students who can stay together as flatmates. That’s one lucrative and hassle-free option by far. Since students are out during the day and only return for resting and studying, you don’t have maintenance or other issues.

Last but not the least, you can rent out to individuals who make large storage tanks and mixing tanks. Since this is a tricky job, you can charge more rent for letting out your premise. When letting out to them, just ensure you know what they’re doing, what security and safety measures that ought to be considered, etc. Also, consult an attorney and draft an agreement that will ensure you are protected. When this is done correctly, it can earn you a standard recurring income every month and also, a bulk amount as upfront that can come in handy for your renovation.

Depending on your home location, your preferences and space availability choose an option that’s suitable and remunerative for you. When you find alternatives and additional income sources, you are ready and prepared for any off-budget expenses!