Affordable housing is one of the most viable solutions when you want to cut down your cost of living and save more. It allows you to save not only on rent but also on utility bills. It works best for young people starting their careers and couples who are trying to save for bigger investments. If you are traveling to another country for work or business, it is advisable to weigh your options regarding accommodation. Here are some affordable options in Africa.
Relocating to a Cheaper Neighborhood
Moving to a location with lower housing costs is a good move when considering affordable housing. For example, if a location’s housing market prices are lower than another area, and all other factors are constant, you would be better off relocating to the former. If your lifestyle and work allow, you can consider a cheaper area. However, it would be wise to consider the cost and means of transport when making the choice.
Moving to a Smaller House
Moving to a smaller, cheaper home can help you save on rent and other utilities like water and electricity. If you live in a large house with unused rooms, you can consider a smaller option like a one or two-bedroom apartment. The best thing is that these houses are easy to find across Africa. In addition, you can find your perfect accommodation without necessarily traveling to the area. For instance, if you want to move to a small house in Kenya, you search for one or 2 beds in Nairobi and then sieve your options. Your budget and purpose of relocation will significantly impact your choice. Remember, two-bedroom apartments vary in price according to neighborhood and amenities.
Being a Live-in Property Manager
Becoming an on-site property manager is one of the best affordable options. You can handle simple superintendent jobs in exchange for cheaper or rent-free housing. Many landlords look for people to remove garbage, clean common spaces, and carry out regular maintenance and upkeep of the building.
Furthermore, if you are searching for a job, becoming a live-in caretaker is the perfect solution for affordable housing and employment. You can be a caregiver to an elderly or incapacitated person in exchange for a free room. Moreover, becoming a nanny can work well if you love kids.
Renting Out Unused Rooms in Your House
If you have an extra room in your apartment or house, renting it out can reduce costs by renting it out. However, this option only works for extroverts who do not mind having roommates. Nevertheless, you must scrutinize the tenants well before letting them in.
Shipping Container Homes
A shipping container home is among the latest affordable housing options. It involves cutting edge design to transform it to a beautiful home. Shipping containers are way more affordable compared to a house. Besides, you can configure them in unique ways to flaunt your creativity. Combining several containers can help you increase the square footage and achieve your desired shape.
A Guest House
Living in your in-laws’ suites or a garage apartment can go a long way to lower your cost of living. It allows you to save money on utilities and food budget. However, a guest house means sacrificing space and privacy. You do not have to worry about looking for a guest house, if you have a friend with an idle space, ask them to rent it out to you.
Modern affordable housing is an ideal saving strategy for individuals operating on a strict budget. It allows you to save more on utilities. For example, moving to a small home means less energy since you have only a few rooms.