Advice needed

cuthbertlilly

Lotus-eater wrote: »

House share, most definitely. You have got some fun to catch up on if you've been living at home till you are 27!
BUT and it's a very big one, pick your house mates very carefully indeed. I always think a OO makes for a better house, he will have the final say in anything and that's not a bad thing. He will also care about his house.
I don't think it's important to like to do everything that the other people in the house like to do, I used to live in a house, one of us was a bouncer, one used to go clubbing and pulling all the time, while I was away at bike rallies all the time, but as a team it worked really well and we all used to go to the local together. But I do think it's important that you get on with them really well. You will have fallings out, so it's important you also try to get people that you think wouldn't be the best people to get into a fight with, ie no nutters.

i haven't been living at home til 27! (as said earlier moved home at 21 after uni), so I know what it's like living away!
I like a good night's sleep, go out 2-3 times a week but like to be asleep by 1am latest (getting old now!). who are the ideal people for me to share with? i'm very respectful and polite and expect the same in return.

cuthbertlilly

mchale wrote: »

Try and buy your own place & then rent out a room to a lodger, renting is dead money.

are you an estate agent or capitalist?

Puddings

Just thought I'd add my current experience - I live in the south east. I needed a room to rent recently after a break up and looked on flatmateclick. Found a great 2 bed flat, I live with the owner who is the same age as me (27) and I have a new best friend!

I saw a few places until I found one where I liked the room and my new flatmate.

Dinah93

rj2009 wrote: »

I know about the council tax situation.

I don't run a car (have a licence though), £15 a week bus to work, mobile £5 a week PAYG, have good teeth thanks!, no subscriptions, have good eyes as well!, could I live well on £500pcm flat rent, plus council tax and bills on my £1,016 net income?

£500 rent
£80 band A council tax with single persons discount (varies by area, this is approx)
£12 tv licence
£80 a month bus
£20 mobile
£100 a month food
£30 water
£40 electric (assuming no gas)
£12 contents insurance
= £874

Leaving £142 for all socalising, spending, new clothes, haircuts, trips away, prescriptions/dental check-ups (teeth might be good but I'm assuming you get them checked twice a year anyway?) saving for buying a place one day etc. For me personally, this would not be enough disposable income as it would effectively remove the ability to put any money away for buying my own place unless I got a promotion.

If you were in a house share some of those bills obviously would be reduced. Can I ask does your current rent at home include or exclude food?

If you move out your ability to save is going to be almost non-existant, so you need to think carefully about your long term plans for home ownership. Are you happy to wait until you get promoted and can save more, or until you meet Miss Right and can buy together?

While I can appreciate how difficult it is living at home (I moved back last year, there are 6 of us in a 4 bed house), and you've been doing it a long time, you need to decide if owning a house in the future (and at what point in that future) is more important than your freedom now before you make any decisions.

cuthbertlilly

Dinah93 wrote: »

£500 rent
£80 band A council tax with single persons discount (varies by area, this is approx)
£12 tv licence
£80 a month bus
£20 mobile
£100 a month food
£30 water
£40 electric (assuming no gas)
£12 contents insurance
= £874

Leaving £142 for all socalising, spending, new clothes, haircuts, trips away, prescriptions/dental check-ups (teeth might be good but I'm assuming you get them checked twice a year anyway?) saving for buying a place one day etc. For me personally, this would not be enough disposable income as it would effectively remove the ability to put any money away for buying my own place unless I got a promotion.

If you were in a house share some of those bills obviously would be reduced. Can I ask does your current rent at home include or exclude food?

If you move out your ability to save is going to be almost non-existant, so you need to think carefully about your long term plans for home ownership. Are you happy to wait until you get promoted and can save more, or until you meet Miss Right and can buy together?

While I can appreciate how difficult it is living at home (I moved back last year, there are 6 of us in a 4 bed house), and you've been doing it a long time, you need to decide if owning a house in the future (and at what point in that future) is more important than your freedom now before you make any decisions.

cheers for the financial breakdown.
renting a flat sounds too much of a squueze right now.
my rent at home includes SOME food, i.e. about 3-4 meals a week (not of my choice!) and some snacks, i sort my own breakfasts and lunches out.
i'm happy to wait to move out, but in a dead end job now, but would love to meet miss right! (don't want kids though - yet).
we're in a similar boat then, we've got 5 people in a 3 bed semi (dad 60, mum 52, older bro 29, me 27 and sister 16). mad i know! it's a mad house. maybe i should house share soon?!?...

Batchy

rj2009 wrote: »

i'm a 27 year old male, earn £14,900 (= net £1,016pcm). might be moving to a £18-20k job in a few months.
have £29,000 savings.
live with parents atm, want to move out - should I rent a flat (c£500pcm), buy a flat (ave. £100k where I live) or go into a house share (c£325pcm)?
advice needed please...

renting a flat will cost you around 700 - 850 pm inc other bills

buying will probably cost you 800-950 pm and use a considerable lump sum of your deposit inc other bills plus mortgage, ins, and life ins, etc.

sharing will cost you 325pm probably not a lot else

what can you afford... I would say flat would be too much on your own IMO

For example do you run a car... have a social life? if so... SHARE

Dinah93

why is your job dead end? Maybe you could focus on improving this in the short term to improve your long term income possibilites.

Shame you don't live further north, I've been put on a mission to find my best friend her Mr Right and you seem like a nice bloke!

cuthbertlilly

my job's dead end office admin, the company is a contractor to the public sector and there's only scope for sideways moves - no actual upwards promotion. i've a 2.2 degree in sport studies, but not sure what to do as a career...
blimey, thanks for the compliment - is your friend a fellow moneysavingexpert? never knew this was the new matchmaking forum!! how far oop north are you?

Lotus-eater

Stick around for a while, if you're not hit on by three women, by the end of the week, I will be amazed

Dinah93

Lol I'm in Cleveland, she has a house in Newcastle but works in Harrogate and travels between the two. Shes actually a bit scared of the internet, but good with money - shes not the kind to trawl the bars so shes kinda given me her love life as a project - she has renewed faith in the net since I met my OH playing an online game and she describes him as 'the perfect boyfriend'!

I think there are a lot of couples on here who met on MSE, there have even been at least two weddings of people who met on MSE. Go on the MSE arms board and start a thread asking, you'll be suprised!

If you have office experience and a sports degree how about looking for working for sports england or one of those type charities, or every council has a sports and events type team, or even become a personal trainer or something? Ccould be a bit more interesting for you.