Student Housing Slipups That Lead to Overspending

Student Life 🕔November 7, 2017

Student Housing Slipups That Lead to Overspending

It’s an unfortunate irony that isn’t wasted on most students. Not only is student life somewhat expensive in general, but it is also the time in life during which there’s practically nothing coming in. Aside from expenses that is, as when it comes to shared homes for students accommodation at university in general, it seems there’s always another bill to pay and almost nothing to pay with.

Living like a prince on a pauper’s income simply isn’t possible – a reality that never fails to come as a rather unpleasant surprise for most students. But while it might not be possible to live particularly opulently at university, it is at least plausible to minimise expenses and avoid overspending. And as they say, every penny saved is as good as a penny earned…sort of!

So in the interests of those who’d prefer to see every penny they have stretch as far as possible without anything going to waste, here’s a quick rundown of a few common student housing slip-ups that can lead to quite catastrophic overspending:

1 – Forgetting Essential Bills

First of all, it’s of critical importance to remember that when it comes to selecting student housing, there’s far more to it than the monthly rent alone. Of course the rent itself will constitute the largest deal of bill, but it will in no way be the only regular bill that needs to be paid. From gas to electricity to Internet to television licensing and so on, it’s crucial to take these into account when working out whether or not you can afford any given place. The rent might seem affordable enough, but once the other bills have been added into the equation, it might be completely out of your reach.

2 – Overlooking Transport Links

Something else that’s often overlooked is the rather important subject of transport links. Depending on where in the city you live, you could find yourself paying next to nothing or a small fortune to get to and from where you need to be on a daily basis. If you can walk or cycle, you’re golden. If you can get a cheap bus or tram, you won’t spend a great deal. If on the other hand you have to take multiple bosses or even taxis every time you need to get anywhere, you may soon find that you’re spending way more than you expected simply on transporting yourself from place to place.

3 – Building Condition/Insulation

When it comes to checking out the prospective student property itself, it is important to remember that Great Britain isn’t exactly famed for its fantastic weather. The trouble is, the vast majority of student property inspections and viewings take place in the warmer months of the year. As such, thousands of students completely forget to take into account what the building will be like during the winter, or even the autumn and spring. It’s cool, refreshing and airy in August, but it might be downright freezing and borderline unlivable in November. That is of course, unless you have the heating on full blast 24 hours a day, which will undoubtedly end up costing you a fortune.

4 – Contractual Clauses

One enormous mistake that can lead to a wide variety of consequences across the board is that of not taking the time to fully read and acknowledge absolutely everything that’s written in the contract. The simple fact of the matter is that if you sign a contract without first ensuring you understand every single word of it, you have no idea what you might be signing up for. There could be a clause in there which means you have to pay a hefty lump sum to have the property cleaned before your departure, there may be additional charges for building maintenance and gardening, it may be borderline impossible to get your deposit back and so on and so forth. The bottom line therefore – sign a contract before studying it in depth at your own peril!

5 – Full Year or Nine Months?

A quick point but an important point nonetheless, some student housing is offered by way of a nine-month contract, while in other instances you have to pay for the full year. Assuming that you do not in fact intend to use the property for the full year, it technically doesn’t make any sense to pay needlessly for these three extra months.

6 – Not Working with Agencies

Last but not least, quite simply the only realistic way of guaranteeing you get not only the best possible dealsbut the fairestcontracts and terms in general is to work with a reputable student accommodation agency. It’s fast, it’s free and it opens up the most incredible array of outstanding properties on the market – all for the very best prices.