Charging son rentM

missbiggles1

planetf1 wrote: »

He's actually already admitted he expected something in the £300-£500 range.

Sensible lad.

hello_petal

I have moved in with my parents temporarily while I save for a house deposit. They are charging £150 per month and I buy my own food but my parents know it is short term. It's a huge help.

It's fair to charge your son a low rent if he is looking to save for his own property but if he intends on living with you indefinitely then I would request more.

chelseablue

I moved out in 2010, before then I used to pay my parents £150 a month. That was a bargain as it included all my food and washing and ironing done! (Oh how I miss those days!)


This did enable me to save up a lot of money for my first place

borkid

This will make me sound awful but....

14 years ago my son was leaving uni, he'd lived at home for the last year of his course(previously he rented, we paid all his living expenses including giving him spending money) looking for work seemed to be going slowly so we said OK you have 2 months grace then this becomes a house share you pay rent at the local rate, he had 2 rooms and bathroom to himself plus a phone line for his internet and landline calls, plus share all the cleaning and cooking ( we were planning to save all his rent for a deposit but he didn't know that) . It was amazing he went to London one day and sorted out a job and a place to live.

I think perhaps treating him as an equal adult in the home helped as within 3 years he'd bought ( with a mortgage) a small flat in Kensington and eventually sold for a profit then bought another larger flat on the south coast where he was moving to work.

But back to your question I wouuld charge more than just covering bills etc but save any extra you don't need and give it to him later. That way the change to market rents doesn't come as too much of a shock and he doesn't become too cosy at home.

I remember someone once saying that the hardest part of being a parent is letting go. I would add the most rewarding part is raising an independant adult.