How Much Will an Extra Bedroom Cost You in Rent?

by WDC News 6 Staff

It’s develop into more and more clear over the previous 12 months that distant work will not be going to fade away when the pandemic does. A survey of 20,000 renters performed by RentCafé this Could discovered {that a} third of respondents had been working from house and anticipated to proceed, both absolutely or partially.

Amongst respondents anticipating to proceed distant work, 75 % stated they didn’t have a separate room to work from, as a substitute making use of bedrooms, residing rooms, kitchens and even closets. A 3rd stated they had been seeking to improve to a spot with an additional room.

However how a lot will that value? Among the many 100 largest U.S. cities, the extra lease wanted for an additional room ranged from 11 % (or $131) in Stockton, Calif., to a whopping 43 % (or $1,532) in Manhattan. (To stop skewing the info in New York Metropolis, the place rents range extensively, every borough was thought of independently.) The nationwide common enhance was 24 %, regardless of the dimensions of the present residence.

One observe of encouragement to these involved concerning the additional value of a rental with extra rooms: The cash saved on commuting when working from house, it was discovered, may cowl a lot of the price of sizing up. (On common, $417 was spent on commuting, whereas an additional room elevated prices by $337.)

This week’s chart, primarily based on the RentCafé information, reveals which of the most important 100 U.S. cities had the smallest and biggest proportion will increase in lease when sizing as much as an place with an extra bed room.

Source link

You may also like