Cost of running a home

If you already have a place of your own you’ll know just how much it costs to run. On top of rent and council tax, there are utilities such as gas, electricity and water.

If this is the first time you have thought about setting up your own home, you may be asked to come to one of our pre-tenancy workshops to check that you are able to afford to run a home. There are lots of extra costs you will need to think about.

You need to make sure that you can afford these costs before you accept any offer that we make you. It is also important to remember that if you don't keep your rent account up to date, you can lose your home.

Costs to set up home: When you first move into a home you will need to budget for furniture, electrical goods, carpets and curtains.

Ongoing costs: Then once you've set up your home, you'll need to pay regular bills for your rent, council tax, electricity, gas, contents insurance and others. 

Our Cost of Running a Home booklet gives you information on all the costs you can expect. Please read it carefully and consider if you'll be able to afford a new home.

 

How Can I Budget?

The Money Advice Service website has lots of information to help you get an idea of your day to day finances. They also have an online Budget Planner to help you understand what money you have coming in and what you have going out, or you can download our budgeting sheet as an Excel spreadsheet. 

There are a lot of agencies who offer advice, so you don't need to struggle on your own.

Downloads

If you need to read the Cost of Running a Home booklet in PDF format, please use this link: 

The Cost of Running a Home.pdf

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