How much does it cost to run a home?

Blue_Elephant

**deleted*

VfM4meplse

IIRC haven't you posted a similar thread before? Or it may have been someone with a similar writing style.

You'll find loads of advice posted already if you do a quick search.

osian

Got a three bed terrace:

The essential bills I can think of are:

Gas £60
Electric £40
Water £45
Council Tax £110
House Insurance £16 a month, buildings and contents
Tv licence £140ish a year
Rent / mortgage, I guess would depend on your area.

Just edited to add, we are a family of three at the moment. If you are single you will get 25% off your council tax and I guess you wont use so much gas and electric, plus you may be able to go on a water meter and save that way.

Blue_Elephant

VfM4meplse wrote: »

IIRC haven't you posted a similar thread before? Or it may have been someone with a similar writing style.

You'll find loads of advice posted already if you do a quick search.

I might have done, I keep changing my mind about this.

And thanks for the tip, I'll try different search combinations

osian wrote: »

Got a three bed terrace:

The essential bills I can think of are:

Gas £60
Electric £40
Water £45
Council Tax £110
House Insurance £16 a month, buildings and contents
Tv licence £140ish a year
Rent / mortgage, I guess would depend on your area.

Just edited to add, we are a family of three at the moment. If you are single you will get 25% off your council tax and I guess you wont use so much gas and electric, plus you may be able to go on a water meter and save that way.

Thank you that's really helpful! It would be just about doable on my current salary then if the rent wasn't horrendous. Hmm.

January20

And if you shop around you could save on your house insurance too, especially if you have no valuable items.

On top of what is written in post 3, you can add things like broadband, mobile phone costs, landline, any satellite tv you may want. Not essentials but to bear in mind when adding up the figures.

January20

Blue_Elephant wrote: »

I think part of the problem is that my parents think renting is money down the drain that could be used towards a mortgage, and as much as I see their POV, I wouldn't be in a position to buy for ages, but if I rent I wouldn't be able to buy for even longer, and at the moment don't even know where I would want to settle down! arg.

What is your life like with your parents? Do you get the freedom and independence that you deserve as an adult or do they treat you like a child? Can you bring friends home? Is your social life as busy as you wish it to be?

Renting a property is not money down the drain. It is putting a roof over your head. I was lucky to buy my flat when prices were really low over 10 years ago, but I used to rent before that and never took that view. And for what it's worth, I was 37 when I bought my property.

You say you are looking for a better job, so better salary? Could you take on a second job is necessary?

Gillyx

We pay

£600 rent + C/tax
£30 Gas
£55 Electricity
£45 Internet/Phone/Tv
£12 Tv licence
£12 contents insurance

Then our food etc on top. It's a 2 bed flat. x

bigmomma051204

Hi,

I live with hubby and 7yr old son.....We pay per month:

£675 rent
£144 council tax
£100 approx gas & electric
£40 phone & internet
£19 water bill
£15 home contents insurance
£50 per year garden waste disposal service

Think thats all....... And of course - FOOD :eek:

Obviously as a single person, although your income is lower than some who have a joint income, your bills will be lower - council tax as single person is a bit less.... u will use less gas, leccy and water... if u have a flat or no garden then u wont need waste disposal

I would say all very do-able on your income as long as your rent doesn't exceed about £550..... of course, that depends on where u live though as to what u will get for that kind of rent :cool:

Blue_Elephant

January20 wrote: »

What is your life like with your parents? Do you get the freedom and independence that you deserve as an adult or do they treat you like a child? Can you bring friends home? Is your social life as busy as you wish it to be?

Renting a property is not money down the drain. It is putting a roof over your head. I was lucky to buy my flat when prices were really low over 10 years ago, but I used to rent before that and never took that view. And for what it's worth, I was 37 when I bought my property.

You say you are looking for a better job, so better salary? Could you take on a second job is necessary?

Bit of both really. They've got better at the freedom thing. I don't need a second job at the moment, but if I did move I'd want to move for a job with a better salary yes. I think I'd be pushing my luck looking for 2 new jobs in a new area though

Thank you for the advice on buying. I know all of that in my head but because the parents have gone on and on about their opinion on renting it's hard to shake off, like anything you've been brought up with I suppose. Food for thought

Blue_Elephant

bigmomma051204 wrote: »

Hi,

I live with hubby and 7yr old son.....We pay per month:

£675 rent
£144 council tax
£100 approx gas & electric
£40 phone & internet
£19 water bill
£15 home contents insurance
£50 per year garden waste disposal service

Think thats all....... And of course - FOOD :eek:

Obviously as a single person, although your income is lower than some who have a joint income, your bills will be lower - council tax as single person is a bit less.... u will use less gas, leccy and water... if u have a flat or no garden then u wont need waste disposal

I would say all very do-able on your income as long as your rent doesn't exceed about £550..... of course, that depends on where u live though as to what u will get for that kind of rent :cool:

Well I'm considering different towns to move to, and one of them I can get a houseshare for circa £350 all bills included, which is tempting, but the downside is I have to share. If I want to live alone Im looking at £500ish in a not as nice area plus bills

Callie22

Blue_Elephant wrote: »

Oh and I smoke. I'm trying to stop. I went a whole six weeks and then spectacularly leapt off the wagon. that needs to go before I make any commitments!

It might be worth trying to give up if you're looking to rent privately. Not trying to be preachy, but one of the first things a Letting Agency will ask you is the trinity of renting - namely, 'do you have kids, do you have pets, and do you smoke'. It the answer to any of these is yes then it can limit where you can rent - not good if you're on a limited budget. Not to mention the fact that if you lie and then smoke in a non-smoking place you risk losing some of your deposit.