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

Regshoe

Surbybird wrote: »

I charge my 22 year old daughter for living at home. When I downsized this year I gave her the option of moving into a place of her own or coming with me. She chose to come with me. As I have another daughter who is at uni, I had to buy a 3 bedroom house to accommodate them both, as opposed to the 2 bed place I would have bought if number 1 daughter had decided to go it alone.

Therefore, it is only right that she contributes to the household. She pays £300 pcm for her room (a good sized double) and her contribution covers her share of the gas, electric, water, council tax, insurance, TV licence, cable TV, phone and broadband. She buys her own food but does no housework or chores of any sort. She also enjoys full and unrestricted use of the entire house.

She says she is happy with it, as she couldn't get a place of her own for that, plus get all the other perks like not having to do chores!

Some people have said to me that I shouldn't charge her for living at home as it is wrong to 'profit' from your child but I counter that by pointing out that I wouldn't have needed to have such a big mortgage if she'd moved out! There's really no profitting involved at all.

I would agree with most of what you are saying there but would question the mortgage element. By the same logic will you be giving her a portion of any capital gains you realise in future by having had a more valuable property?

Edit: For the record I (until I moved out last month) was paying a rather paltry £100 a month contribution (probably half of what I cost I would guess) as my parents wanted me to be able to save up. They didn't even charge this until I had managed to clear all of my post uni Credit Card and overdraft debts. I did offer to pay more but they didn't want to take any more (until my last significant pay rise - at which point I was able to move out anyway).

edgex

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.

id have to say that your absolutely clueless :rolleyes:


how many decades ago were you 16?


i cant imagine anyone leaving home at 16, earliest in the extreme is going to be 18.
if you started work at 16, your going to be on crap money, nowhere near enough to be thinking about moving out. it will also be a marginal job, & very likely no chance of progression. probably a weekly paid & contracted job as well.


even after uni, graduate wages are not as high as they used to be, & theres now additional debt to be paid off.


& as for £1000 net a month!
your likely to be a graduate to be earning that much, so 21+

Treadmill

One third of take home pay is a reasonable amount and will get them used to having to outlay a sigenificant proportion of income on accommodation. If the amount charged sems excesive, put some aside and give it back in a lump sum when they eventually leave home.

A problem nowadays is youngsters getting into debt while at home and not being able to afford to save for a deposit so keep an eye on what they are borrowing, I have friends with multiple kids in their mid to late twentys living at home for this reason.

edgex

i would also expect them to decorate & furnish their own room, if it needs it.
eg. if they want a new cupboard, get them to sort it out themselves.


that helps with budgeting, but it also means that if they move out to somewhere else, theyve got some furniture to start with.

Jowo_2

Regshoe wrote: »

I would agree with most of what you are saying there but would question the mortgage element. By the same logic will you be giving her a portion of any capital gains you realise in future by having had a more valuable property?

Perhaps a little irrelevant if the daughter later inherits the property or share of it in which she'd contributed a small amount towards the capital in the few years she'd lodged there....Not a bad return for a few years of low contributions.

But I agree with the previous poster that 'the best thing is to sit down with the 'child' and agree what works for you, as it is difficult to make comparisions because we all have different circumstances'.

Clearly on this thread, there is a conflict where the son believes that a £46 per week contribution to household expenses whereas an extra tenner each week is unacceptable to them.

It's up to the father to decide whether to cushion him from the economic reality that if he lived away from home his basic expenses may treble or quadruple.

Perhaps if the son is doing something constructive with the other 80% of his net income, such as saving for a car or deposit and isn't taking his parents for granted, this low contribution would be more palatable.

tek-monkey

My mum let me live rent free as long as I was in education, but I had to get a part time job to clothe me and buy beer etc. A while after graduating I returned home for around a year, during which my mum wouldn't let me pay rent (had hit a bad patch, she was just glad I was back). I did however make sure I did any jobs I could for her. I put electrics into the two sheds, did them a patio, things like that. My mum is far from rich, works nights at asda, but she just saw helping me out as what parents do.

My brother lived rent free, regardless of if he was working at the time, until he was 24. He even moved a GF in for 3 years of it, and neither paid a penny. I thought that was taking the proverbial, so made him move in with me. We split all costs equally, that'll learn him!

AMILLIONDOLLARS

I charged my 26yr old daughter £260pcm this included a £10pcm charge for having an additional box for Sky in her room. She moves out this weekend having purchased her first flat, £260 will be nothing compared to the mortgage and bills she will now be paying.

My reasons for charging her that much, was to give her the opportunity of saving a deposit for buying her own property. In the end it turned out to be a mad scramble getting this together as she was spending more than she was saving. My son is chosing to stay in the 'Free Room' (i.e. box room), if he wants her room, he'll have to pay!!!

AMD

Regshoe

Jowo wrote: »

Perhaps a little irrelevant if the daughter later inherits the property or share of it in which she'd contributed a small amount towards the capital in the few years she'd lodged there....Not a bad return for a few years of low contributions.

To be honest I was just being deliberately contentious .

Sweetcaz_2

I am in my early 30s and left home and bought my own place when I was 18 so have never had much disposable income from a young age LOL!

My older brother lives at home with my parents still rent free! He does nothing for himself, has all his washing and cooking done for him, and does not help around the house. As well as his own bedroom he has free range of the entire house and uses mine and my sisters old bedrooms as well.

My Dad wants him to pay his way but my Mother refuse to "profit from her children".

I think he should be charged something as he is on around £16,000pa. Even if she took it and saved some of it up for him, but I think at his age he should be saving for himself and should have been for some time!!

My point I guess I am getting to is really there is absoluately no incentive for him to move out and I do not think it is making a profit if it covering the extra food, water etc he is using. He should be charged something and no be getting a free ride at age 34!!

beccad

pingu2209 wrote: »

Do you supply food as well? Does it include all bills including council tax? I would say that a small room in a house share is about £350/month on average in London. If so then 250 is reasonable.

Presume bills are on top of that £350? That's pretty cheap - where do you live?! A room in a house in zone 3 (dodgy-ish area) goes for about £425 around here, plus bills.

£250 seems reasonable I think for living at home...