Rent is perhaps the most important item of monthly expenses for anyone who does not (yet) own a home. At the same time, it represents the lion’s share of monthly expenditure in the vast majority.
When considering how much money a tenant gives the owner to rent over the years, the cold rent must be chosen as a reference.
The additional costs play no role in this consideration, as they would be incurred even in a home.
Function of the rental computer
Enter your monthly rent in the first free field. If you do not know them by heart, since you know the monthly debit from the bank statement, take a look at your rental agreement. There must be specified the cold rent, which is also called net rent.
The second field records an average rent increase. This value is usually not known. Keep in mind that rent can stay the same for years and then experience a sudden increase.
As a guideline, you can use empirical values. On average, rent increased by about 1 per cent per annum. In eastern Germany it was only 0.5 percent. In the south, by contrast, 1.5 percent.
This value includes your viewing period. How long have you lived in the apartment or how long will you probably stay there? Perhaps you are interested in how much rent you will pay in the course of your life? Our calculator gives you the opportunity to cover rental payments up to 50 years.
The financial calculators provided on this portal under the section Computer Collection are own developments that have been constructed strictly according to regular formulas of financial mathematics. Nevertheless, the results serve only as guidelines and orientation. We assume no liability for the correctness. Are you interested in the calculator as a white-label solution? Please feel free to contact the editors.