What sort of rent do people charge 18-25 year old children

Oldernotwiser

postingalwaysposting wrote: »

Im not a parent but an adult child still living at home. However my situation sems a bit strange to all those I have discussed it with in real life :rolleyes:

I (nearly 24) pay £120 monthly 'housekeeping' but this does not include food. However I then pay for my own broadband/tv/food. I also cover the house insurance and buy a 100wash washing powder box every 2/3 months. I am also the only one in the house who works part time so I tend to do 70% of the cleaning/chores etc. Btw my take home pay is just shy of £500 a month, if I was earning more I would think nothing of giving Mum £200~£250 a month, taking into consideration the amount of a studio flat here alone is £450 a month.

My brother (nearly 22) who live in the same house pays £175 monthly 'housekeeping' but this does cover all his food. However he has to pay for his own broadband and tv. He doesnt contribute anything else to the household. His take home pay is just over £1000 a month.

Its werid but it work for us

Doesn't sound at all weird to me.

I wonder why more people with adult children living with them don't charge them a nominal amount for actual rent and then let them buy their own food and pay the appropriate proportion of the utility and council tax bills. This would be an excellent preparation for adult life.

Oldernotwiser

poppysarah wrote: »

So 250 leaves him which shed loads of spends.

Absolutely agree. I doubt whether the parents have 75% of their salaries to spend on entertainment, clothes etc.

nearlyrich

My DD pays £150 per month, 22 on a decent salary now but we haven't reviewed it as she is saving for a deposit. She knows she is on a good thing and she does do the washing, cooks and cleans up in her turn. DS has just moved out to be nearer his new job and he was paying the same, he rents a room that costs him £300 inc bills.

kissjenn

When I started work at 17 (27 years ago :eek:) I had to pay one third of my take home wage and save a third, the rest was for lunches, bus fares, going out etc.

I left home 8 months later and a year after that bought my first house. Never had any real disposable income as it was always paid out or saved so never missed it.

I think £250 is an absolute bargain.

jackieb

I ask for £40 a week from my 25yo son. He's at home for 3 weeks then works away for 2, so I only charge him for the weeks he's here. So I get £120 every 5 weeks from him. He's on a decent salary but he's saving hard for a deposit for his own house. If he was squandering it all i'd ask him for more, but he sets himself a limit of £400 spending money a month (not including my £120) - the rest goes into an ISA and a savings account. I can't afford to give him money towards a deposit, but I can help him by giving him cheap(ish) lodgings.

Sarahwx

there seems to be no right or wrong here, one would hope no parent would profit from their child and one would hope a child ,once an adult and earning would happily pay for their keep and help with the general household chores..

However in reality no one is perfect and the kids think they have a right to be waited on and some parents think their role of caring ends at 16 or 18.

Personally I would not charge an adult child rent but ask for a contribution to the household costs. I would discuss it with them and reach an agreement on what their share of the expenses should be.

Does anyone remember Bread the tv series when all the kids used to put money in the hen on the table!!

property.advert

I left home at 16 but went once or twice. I'd never have still been there at 20+ in a month of Sundays. I think the kids should be out before that but if someone was on £1000 net a month, I'd probably want £500 and I'd put what it didn't really cost extra into a saving account so it would provide for a deposit on their own place.

I think it is unhealthy for kids to remain at home too long. They should get out and do their own thing. I would expect most kids to want to leave unless they have been brought up as vegetables in front of the TV and Playstation. Most people of my generation couldn't wait to leave home.

Bufger

I only get charged £120 pcm and im 25 and earning alot! They're helping me out this way so i could afford to buy my own house but when my income was just completely disposable i was charged more.

I think £250 is about right (as long as hes not only on £350 per month at work!). If you're managing to pay the bills and mortgage etc without his contribution then bank it for his deposit without him knowing. That way each month he has the responsibility of paying you without realising hes helping himself (as he should do it without incentive).

If he thinks its unfair you could offer him a comprimise. Something like if he does his own washing and ironing it will be £230, if he cooks for the family twice a week it will be £220 etc. Think of something you always wish you had help with and use this as an opportunity to get some help, he will also feel like it helps him :-)

Bufger

property.advert wrote: »

I left home at 16 but went once or twice. I'd never have still been there at 20+ in a month of Sundays. I think the kids should be out before that but if someone was on £1000 net a month, I'd probably want £500 and I'd put what it didn't really cost extra into a saving account so it would provide for a deposit on their own place.

I think it is unhealthy for kids to remain at home too long. They should get out and do their own thing. I would expect most kids to want to leave unless they have been brought up as vegetables in front of the TV and Playstation. Most people of my generation couldn't wait to leave home.

This depends on career choice im afraid. Alot of people go into further education until the age of 18 so its pretty much impossible to move out with just a saturday/sunday job and a bit of EMA. Then they go to Uni which usually means they leave home for 3-4 years. Sometimes they come back after for a while whilst they're sorting their job/house etc out but thats about it.

Its hard to save for a deposit when you're young and people aspire to own their own property not waste their money on rent.

Things have changed because of the economy not because of playstations. Not as many people do apprenticeships or learn trades. Everyone wants to better themselves and that takes time.

postingalwaysposting

property.advert wrote: »

I left home at 16 but went once or twice. I'd never have still been there at 20+ in a month of Sundays.

I think it is unhealthy for kids to remain at home too long. They should get out and do their own thing. I would expect most kids to want to leave unless they have been brought up as vegetables in front of the TV and Playstation. Most people of my generation couldn't wait to leave home.

As Bufger says its not all that easy. For my brother yes he could move out and live comfortably but chosses not to. Thats his choice and Mum always said she would never ever kick us out. For myself I cant afford to live alone, for medical reasons I had to reduce my hours at work (sadly not the best job in the world either), then the 'recesssion' hit and my hours were cut once again. As I said earlier if I was on a higher wage I would either pay Mum more or move out. The only way I could move out now is to lodge/house share and thats about £300 a month. Why move out and live with strangers when you can still live in the family home and help a single parent keep a roof over thier heads?