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What does your rent pay for?
Your rent pays for your home, but it also covers many things that you may not notice in daily life.
A good home needs heating, water, clean shared spaces and a well-kept yard. We also maintain our buildings and repair apartments so that they remain good places to live in the years ahead.
How the costs are divided
We set our rents on a cost basis. This means that rents are set to cover the actual costs of the buildings.
In 2027, of every €100 of rent, an average of about €53 will go to financing, capital and administrative costs, €26 to running the buildings and €21 to repairs.
How every €100 of rent is divided
Your rent covers three things: the building you live in, the running costs of the buildings, and repairs. The amounts are based on the 2027 budget.
AI was used in producing this infographic.
The largest share covers, for example, interest and repayments on the loans used to build and renovate the buildings, as well as ground rent and property tax. It also covers the cost of running Espoon Asunnot.
Heating is the largest running cost
Besides heating and water, running costs include electricity, property maintenance, cleaning, waste management and the care of outdoor areas. About one third of our running costs goes to heating, and about one fifth to water and wastewater.
What do the running costs of our buildings cover?
About €26 of every €100 of rent goes to the running costs of the buildings. The table shows how these costs are divided.
| Cost | Share of running costs |
| Heating | 31.1 % |
| Water and waste water | 20.6 % |
| Property maintenance | 14.7 % |
| Care of outdoor areas | 9.3 % |
| Cleaning | 7.5 % |
| Electricity | 7.5 % |
| Waste management | 6.5 % |
| Other costs | 2.8 % |
| Yhteensä | 100 % |
We have invested in energy efficiency and installed water-saving fixtures to reduce consumption and costs.
You can help, too. Using water carefully and sorting your waste correctly helps keep shared costs down.
Repairs keep homes in good condition
We repair apartments when residents move out, and every year we carry out several dozen planned repair projects. We also fix unexpected faults.
“When something breaks unexpectedly, such as in the case of water damage, speed matters. If we receive a fault report early, we can fix the problem before it becomes bigger and more expensive. This benefits all residents,” says CEO Jaakko Kammonen.
How we limit rent increases
We work to control costs throughout the year, not only when we set the rents for the following year.
This year, we made a plan to reduce the running costs of our properties. In repairs, we focus on what needs to be done and look for more cost-effective methods. We are also looking for savings in areas such as property maintenance and waste management.
The number of occupied apartments also affects rent levels. The fewer apartments stand empty, the less rent income we lose. More than 98 per cent of our apartments are occupied.
“We want to keep rents reasonable, but we also need to take care of our buildings. That is why we must think carefully about where we can save money without lowering the quality of housing,” Kammonen says.
Image: Kauppiaantanhua 2, Kauklahti (Visign Oy)