Decisions ... Decisions...!!
Wether to rent on 2 year contract unfurnished ( with Garantia) or a 6 month temporary furnished .
Looking today at 2 year contract rentals for studios in Soloduenos,com in areas like Almagro or Vila Crespo, or areas other than Recoleta. To consider a move?
The lowest rentals available are around $1800 (first year only) plus $300 utilities ($800 savings against my current rental)
Garantia and Background verification $1200- ? (50 peso additional)
Garantia from Capital required plus salary receipt. ?
Internet not included.$200 per month ( $200 additional)
Therefore I would save $600 pesos...??
BUT need to invest a minimum, minimum of $10K for furnishings or $400 per month aprox...Thus saving $150....!! (or $20 US,,,,!!)
$10 k covers: m-wave, fridge, stove, bed and matress, table , 4 chairs, TV, kitchen utensils, linens, night stand, etc
(If want to be rigorous must ad the depreciation of the $10K furnishings over 2 years rantal perhaps 40% or $166 per month , therefore savings $'0 pesos...!!)
The 25% ? assumed increase of the rent on the second year....!! means an additional of $225 pesos per month averaged over 24 months....!!!! Ohh my GOD..!!
All these calculations based on simple straight line depreciation, compound interest or present values not considered,,,
WILL NOT MOVE!!!