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cani afford to rent a flat
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# 1
ross_uk
Old 24-11-2009, 2:31 PM
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Default cani afford to rent a flat

hey guys, im in the middle of looking for a flat to rent, i earn beteween 700 -752 a month this will be my first place living on my own but im not sure if i will be able to afford it, i have seen a flat in my town to rent for 425 a month which leaves me about 300 a month to live on could someone tell me if i could pay all my bills gas electric water etc with 300 and shopping? any advice would be great.
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# 2
princessamy86
Old 24-11-2009, 2:40 PM
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I don't think you really could, you'd have nothing left for anything like an emergency and you wouldn't have any money to do anything. I'm not even sure you could cover your bills with that amount. Have you looked at house shares? You get to move out and have your own space, but it's a lot cheaper and your bills are often included so it's easier to budget.
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# 3
poppysarah
Old 24-11-2009, 2:40 PM
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It'll be a close run thing.

Where do you live at the moment?
Have you considered house sharing?
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# 4
BitterAndTwisted
Old 24-11-2009, 2:54 PM
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It takes some keen budgeting skills to squeeze fares, food and bills out of 300 a month and I wouldn't recommend it to the inexperienced.

I don't wish to sound judgmental but aspiring to rent your own flat when you've never lived away from home on your own before could be seen as being a tad ambitious and unrealistic.

Flat/housesharing or lodging is the way to go, I think.
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# 5
pinkshoes
Old 24-11-2009, 3:18 PM
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Council tax approximately 80/month (althoug 25% discount if living alone)
Gas and Elec will be about 45 a month
Water about 10 a month
Food about 150 a month if you plan.

It's JUST about do-able, but you wouldn't be able to afford to have a life.

Why not look for a studio/bedsit, or a room in a shared house?
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# 6
Oldernotwiser
Old 24-11-2009, 3:28 PM
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You might be eligible for help with rent from LHA(HB). You can look up the applicable amount on https://lha-direct.voa.gov.uk/Secure/Default.aspx 1 bed if you're over 25, shared accommodation rate if you're under. You can then put this and your earnings into www.direct.go.uk to see whether you'd be eligible for any help.
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# 7
rsykes2000
Old 24-11-2009, 4:08 PM
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Firstly, good luck on striking out on your own. I can only really echo the thoughts above - flat/house shares will be cheaper than the example you quote above eg in the local smallads at my place of work there is an all-bills-inclusive room for 330/month and that I would say isn't at the cheap end of prices. Try gumtree or something similar (but keep your wits about you and don't fork out anything until you're sure about the person and the place).
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# 8
ross_uk
Old 24-11-2009, 4:23 PM
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i have thought about sharing but im really worried about finding somewhere then not getting on with that person i will look in to it though thanks for all your replys.
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# 9
Jowo
Old 24-11-2009, 5:46 PM
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Complete the budget planner - this is downloadable from the Free Tools section on the right hand of the page.
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# 10
theartfullodger
Old 24-11-2009, 5:54 PM
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It's gonna be tight: All you would then need is a crisis - illness, family problem, loss-of-job, spending too much money, someone nicking your identity... and you'll lose the rental place...

"Proceed with care"

Cheers!"

Lodger
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# 11
olly300
Old 24-11-2009, 6:13 PM
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Quote:
Originally Posted by ross_uk View Post
i have thought about sharing but im really worried about finding somewhere then not getting on with that person i will look in to it though thanks for all your replys.
All the fun of flat/house sharing.

Seriously if you don't get on with the people in the house - then you find a replacement for yourself and move out.

And the two things that annoy people more than anything:
1. Not keeping communal areas tidy i.e. washing your dishes
2. Not paying rent and bills when they are due.
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# 12
BitterAndTwisted
Old 24-11-2009, 6:19 PM
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If you're worried about not getting on with "that person" then sharing with more than one would be a much better idea. It can be much more fun when you're young, it's a great way to meet new people and make new friends. Learning how to get along with others and learning the art of compromise and negotiation is character-building stuff and will stand you in good stead in the future
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# 13
tek-monkey
Old 24-11-2009, 6:19 PM
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Quote:
Originally Posted by olly300 View Post
And the two things that annoy people more than anything:
1. Not keeping communal areas tidy i.e. washing your dishes
2. Not paying rent and bills when they are due.
As a house sharer of a dozen years, THIS IS LAW! If you don't wash up, leave the bath/shower dirty or use someone elses stuff and don't replace it, you will be hated. In return be careful who you share with, as any of these traits will annoy the hell out of you. Had one flatmate whose mum had always tidied his room (at 24!), he just didn't get cleaning. He went very soon!
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# 14
BitterAndTwisted
Old 24-11-2009, 6:24 PM
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It's also a hanging offense to use the washing on a Saturday and not take your clothes out of it for 48 hours. Musty, wet clothes on bed=not particularly pleasant when you come home at 3am
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# 15
BexInLondon
Old 25-11-2009, 11:00 AM
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Using up the loo roll and not replacing it = hung, drawn and quartered!
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# 16
tek-monkey
Old 25-11-2009, 11:49 AM
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I remember years ago reading the Young Ones book, and Neil wrote a section on the different types of house sharers. The ones who label everything, the ones who eat your food (mr "Hey man, its only a sausage"). I've lived with most!
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# 17
laughingcow81
Old 25-11-2009, 11:59 AM
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Hey! you're not meant to be scaring him out of house sharing...it can definitely be a good experience, mixed in with some bad ones.

Certainly it opens your eyes to the many kinds of people out there!! And it makes you realise how high / low your tolerances are!
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# 18
tek-monkey
Old 25-11-2009, 12:05 PM
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Hey, I'm a fan of house sharing! It vastly improves your social life as you meet lots of new people, it gives much better personal skills as you have to deal with other people whether you like it or not, and it probably makes you a lot more tolerent once you get a partner!

Just choose your flatmates wisely
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# 19
PasturesNew
Old 25-11-2009, 12:32 PM
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Quote:
Originally Posted by tek-monkey View Post
you meet lots of new people,
My first experience turned out to be living w ith a posh escort girl, who was fraudulently claiming benefits but was still so much in debt the bailiffs turned up.

And I CHOSE that place because it looked nice and so did she.
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# 20
PasturesNew
Old 25-11-2009, 12:35 PM
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Back to the original question: Most likely no, you won't be able to afford it on your current salary. Renting alone is horrendously expensive when you factor in the bills and running costs. Find your feet first in a shared place. There's a lot less responsibility in a shared place (especially if it's bills inclusive). Quite often the very very cheapest self-contained place is the same cost as a better room in a larger shared house with bills inclusive.

Then, when you do go to live alone, look at studios rather than 1-beds, these can save you up to 200/month in extra rent/council tax/heating etc.
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