Moving out of Parents House

Catalina83

I'm beginning to think I should look into moving out. I'm 26, and still living at home. Recently my social and work lives have got a bit hectic and it's beginning to cause a bit of tension. So, emotional issues here aside, can someone tell me how viable it is?

I bring home 1093 GBP a month, of which I already have going out:
300 GBP approx on various saving accounts, phone, pension etc.

I currently pay my parents 200 GBP per month. For that I get my room, food, bills included, washing done (I have offered to do this myself) etc., BUT a severe lack of freedom.

I do have a car, which I have finished paying for, I also paid the insurance is a lump-sum in February, but I pay breakdown cover monthly.

Realistically, what is the rent bracket I could look at? What kind of things can should I expect for my money in Birmingham?

kyle82

that's nice dear. anyway, with all due respect, i moved out of my parents house when i was 18 with nothing. now that i have my house, family and all, you'd probably be thinking that you're quite able to move out and start your new life. :beer:

Ezmondino

The 200 you give to your parents at the mo would probably cover your bills like council tax, water and so on, but not food, so take that amount and how much you think you will spend on fuel/car insurance(and repairs)/food etc and the 300 off your pay. See what's left and then have a look at properties on Rightmove in the area you would like to live, you'll soon get an idea of what you can afford.

Catalina83

kyle82 wrote: »

that's nice dear.

I said emotional issues aside, you have no idea why I'm still living at home, nor what may be pushing me out.

I would like serious answers only please. I'm looking at spareroom.co.uk - flatsharing would work best for me at the moment. I don't need much, just a bed, wardrobe and a desk...

rs82uk

Basically you are looking at bare minimum of doubling what you are paying your parents to factor in rent food bills, etc etc etc.
I have no idea what average rents are in your area but you can guarantee you are going to get alot poorer very quickly.

Badger_Lady

There's no reason why you couldn't... looking at your budget, you have a take-home salary of over £1,000 per month and only £500 outgoings... so where's the rest going? If it's being frittered away on clothes, drinks, meals out etc then it's quite easy to put a belt round that I'd also recommend getting out and getting started as early as possible, before you get too settled into living at home.

You should be able to find a room to rent for around £300 per month that will include all bills etc (but not food!). Be careful to find somewhere that you'll feel comfortable in - recently a huge number of people have started advertising their spare rooms but you might be better off in a more relaxed "shared house" situation to begin with. I'd also recommend choosing somewhere in an area you know, but not too close to your parents - it will feel like you're wasting money if they're just down the road.

With rent and bills (always the top priority) sorted, you can then work out your budget for supermarket shopping, going out, clothes etc... you certainly won't starve but there may be a period of adjustment while you get your spending habits straightened out.

At the end of the day, there's only one way to get your independence - just throw yourself in! It's much less scary once you've done it

(P.S. I'm 26 too, now celebrating my 10th year of living away from home - there's nothing like it!)

Catblue

Personally, I'd look for a flatshare with a mate. Or even, as Badger says, a shared house with people that you don't know initially. Could be fun.

If you could get a flat or house in an area close to work, then you could maybe sell your car? Even if the flat is a bit further away from work you could maybe cycle there.

This would give you a lump sump (from the sale of the car) and then obviously you'll be saving on insurance, petrol, breakdown cover etc.

SmallEnglish

Sharing is a great idea and spareroom.co.uk is a really good website - I used to share a house with 3 other people which I found through that website - I had a furnished double bedroom and the rest of the house had everything you'd need (washing machine, crockery, TV!). I paid £342.33 a month which covered the rent and all the bills apart from broadband which we sorted ourselves. I would say though that this was living in quite a dodgy part of a town in Bedfordshire.

I now rent a room in a flat owned by a girl my age - she owns the flat and rents out her spare room. I pay £400 a month which covers rent, bills, broadband - everything basically! The flat is in a very nice part of a town in Hertfordshire.

Renting rooms and housesharing is preferable to me than renting a flat by myself as it's cheaper so means I can put money away for a deposit to buy myself a flat one day. But as you can see even then the amount you'll pay each month will vary from place to place. Houseshares with say 4 or 5 people will generally be cheaper and if you don't mind what kind of area you live in you can save money that way. But if you'd prefer a "nice" area or to live with fewer people then it will cost a bit more...

Alizarin

Catalina83 wrote: »

Realistically, what is the rent bracket I could look at?

I earn about £70 more per month and pay rent of £450 (although I usually have about £50-100 left at the end of the month). So I'd probably say look at £450 per month rent max unless you are good at budgeting etc.

(I haven't taken into account your £300 per month on savings - if you are going to keep this up, a house share would be cheaper and a better idea!)

Good luck anyway! I moved out of my parents house at 22 to live on my own, and the freedom makes the lack of money seem worth it!

Catalina83

Catblue wrote: »

If you could get a flat or house in an area close to work, then you could maybe sell your car?

I couldn't sell the car! Need it for too many things! I'd be looking in a not too nice, not too nasty area of the city, just in the middle. I just worry that my parents will want me to live somewhere "nice" because it's safer, but I don't really mind, I'm happy with something I can afford.

After quick calculations, I think I could go up to 300 GBP per month, with bills included. That would leave me with 600 GBP, plus 150 (this is a minimum, I usually put more) into my ISA will leave 450 GBP spare. Is that enough for a month?

What do you think?

Badger_Lady

Catalina83 wrote: »

Is that enough for a month? What do you think?

Easy-peasy