[Blog] How does the internet factor into the cost of living for new renters?

New renters have a lot to consider when they move such as the cost of rent itself, utilities, parking, and how relaxed the ‘no pets’ rule actually is. It may be an afterthought in the grand scheme of things to really consider how much to budget towards the internet. Some people may opt to stick with their current provider if they have one, or may find themselves needing to search for one, completely clueless about how to get the best deal for their buck. In today's interconnected world, access to reliable internet service is practically a basic necessity. A lot of new renters will then find themselves wondering just what to take into account when searching for a new provider. In this article, we will provide you with some tips to help you out on your new journey.

Monthly Costs

This one’s a no-brainer. The first thing many people look at is the price of a product or service. Typically, the monthly fee for an internet service can vary depending on the provider, the speed plan you choose, and even your location. If you know where to search for it, internet service providers may offer promotional deals or discounts that you can take advantage of. The best thing is to do your research and plan in advance, ask questions and take note of which ISP offers you quick and easy customer service (this will be important if you ever experience issues down the line) and make sure there are no hidden fees that may up the monthly cost. This brings us to our next point: installation costs.

Installation Costs

Moving can already be a drain on the wallet and, after searching far and wide for the best ISP that suits your budget, getting hit with those pesky installation costs can be a major downer. These installation fees may include the cost of equipment (such as a modem or router), activation fees, or the cost of the installation services itself. Some providers may offer free installations as part of a promotional offer, so keep this in mind when doing your research and don’t be shy in directly asking.

Contracts

The nature of renting means that it’s not always a long-term living situation. Because of this, committing to a year or two-year contract can be daunting. It can make matters worse when terminating the contract early due to a move results in a cancellation fee. And even in the case that you decide to keep the services but move it with you to your new address, there isn’t always a guarantee that the new address will be serviceable by your current ISP. Due to the inflexibility of internet service contracts, renters may find it more suitable to opt for an ISP that offers month-to-month plans, such as oxio which is 100% contractless and allows you to terminate services without penalty.

In conclusion, internet service fees can have a significant impact on the cost of living for new renters. By researching different providers and understanding the various costs associated with internet service, you can make an informed decision and choose the best option for your needs and budget.