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Moving out of parents home...

Hi guys,

I'm 19 and I'm looking into moving out of my parents into my first home (rented). I've contacted the estate agents and I am aware of all the fees they will charge me (1st months rent, bond, application fee, etc.) to start with but I'm really confused as to what to expect after e.g. monthly bills etc...

I'm looking at approx. £400 pcm (max) and would prefer a 2 bed house rather than a flat/bungalow etc.

Can anyone please give me some honest, reliable advice giving me a realistic amount that I will have outgoing each month in bills (also my car insurance is £130 and phone contract £35) please :)

Thanks xxx

Comments

  • gee93 wrote: »
    Hi guys,

    I'm 19 and I'm looking into moving out of my parents into my first home (rented). I've contacted the estate agents and I am aware of all the fees they will charge me (1st months rent, bond, application fee, etc.) to start with but I'm really confused as to what to expect after e.g. monthly bills etc...

    I'm looking at approx. £400 pcm (max) and would prefer a 2 bed house rather than a flat/bungalow etc.

    Can anyone please give me some honest, reliable advice giving me a realistic amount that I will have outgoing each month in bills (also my car insurance is £130 and phone contract £35) please :)

    Thanks xxx

    Ive done it - Dont do it!!!
    Rent - £400
    C tax - £80
    Water - £35
    Electric - £40
    Food - £150 ish
    phone contract - £35
    petrol -£150
    car insurance - £130
    Broadband phoneline etc £25
    gas bills?

    All very rough ! but is an idea.

    then one off costs

    car tax , servicing ,MOT
    £1145 roughly do you have a decent salary?
  • Excited13
    Excited13 Posts: 299 Forumite
    Ive done it - Dont do it!!!
    Rent - £400
    C tax - £80
    Water - £35
    Electric - £40
    Food - £150 ish
    phone contract - £35
    petrol -£150
    car insurance - £130
    Broadband phoneline etc £25
    gas bills?

    All very rough ! but is an idea.

    then one off costs

    car tax , servicing ,MOT
    £1145 roughly do you have a decent salary?

    Why don't do it? I moved out at 18 and spent two years sharing properties at uni then getting a flat it's certainly the best thing I've done.

    I live in a Band B flat and with the single person discount my CT is less than £80. Also my water has never been that high as if the property is on a metre you can really save money. Even on an unmetred 3 bed house I think my bill was only £26 p/m.

    Good luck but make sure you have savings for the one offs etc.
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why move out at 19 are you MAD?
    Who will do the the washing and ironing ?
    TV licence £145.50
    contents insurance ?
    If you want a house ( why ) it may well come with a garden so have you got a lawn mower.
    The list goes on and on
    You need to buy all the furniture unless it comes fully furnished
  • RAS
    RAS Posts: 34,437 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Bear in mind that if you lose your job you will only get LHA for a shared house at the local rate.

    So you need to have enough stashed before you even start to make up the difference between your LHA and the rent for the rest of the contract.
    If you've have not made a mistake, you've made nothing
  • dimbo61 wrote: »
    Why move out at 19 are you MAD?
    Who will do the the washing and ironing ?
    TV licence £145.50
    contents insurance ?
    If you want a house ( why ) it may well come with a garden so have you got a lawn mower.
    The list goes on and on
    You need to buy all the furniture unless it comes fully furnished

    so true i was 18 big mistake
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    before you start make sure you are completely debt free
    and have savings for at least 2/3 months of essential bills
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Only joking a little about moving out
    What you really need to do is work out how much your costs will be each month.
    Build up savings and see if you can beg, steal or borrow things for your first place
  • sKiTz-0
    sKiTz-0 Posts: 943 Forumite
    I had to save until I was 27 before I could afford to move out. And even then it was only a month before my 28th birthday.

    Best thing I've done with regard to my independance, having my own space etc. But I would echo what others have said about making sure it is A - affordable monthly (water, elec, gas, food phone, broadband, insurance, car maintenance, savings, contents insurance, car insurance, car tax) and also B - you have a pot of money to fall back on should say your car break and you need to buy a new one, or you are out of work for a few months and need savings to cover the bills.

    I made sure I had a savings pot of at least 3 months salary to fall back on, and also with my budget I take into account how much the yearly bills will cost, such as your car insurance, car tax, MOT, contents insurance etc - I divide that by 12 and stash that amount into a savings account every month. It means there are no nasty suprises when the bills come in, and also means you can pay annually rather than monthly, which could save even more on the costs also.

    HTH
    This is WAY more fun than monopoly.
  • gee93
    gee93 Posts: 3 Newbie
    Hi guys sorry think I forgot to mention I've got over 4k in savings and already got most of my bits either budgeted for (e.g. washer etc) or bought, I'm a teaching assistant in a permanent post with the local county council, I bring in about 1.5k a month after tax with my current job, avon and a part time job outside of work.

    As I said before I'm just asking for people's advice with regard to what to expect with monthly outgoings - I know it won't be easy moving out and theres always unexpected costs e.g. repairs etc but I have taken all of that into consideration, all I'm curious about and asking for right now is expected expenses per month.

    Thanks xx
  • gee93
    gee93 Posts: 3 Newbie
    Oh and just another thing I work local to the area I'm moving into (closer than where I live now) and only spend £50 a month on petrol :) plus I don't think I'll bother with sky/virgin, all I've ever known is freeview and I've coped lol!
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