Reasonable charge for Daughter moving back home.

nickcc

Hello.
Both my Wife and I are in our seventies and our 50 year old Daughter is moving back home after Divorce.  My Daughter works full time for the NHS and has about £100,000 banked from her house sale,  my Wife has the state pension based on my earnings, I have the lowest state pension but have a very good company pension with annual increase based on the RPI up to 7%.  We would like to know what amount would be considered reasonable taking in to account that everything will be supplied by us except Alcohol and her personal expenses and her car running costs etc.  We would expect treats such as meals out etc to be excluded from any rental.  We are trying to be fair to all parties concerned as we wouldn’t want a fall out with our other Daughter thinking that her Sister is getting more than her.  Many thanks.

comeandgo

I’d look at adverts in your area and see what the going rate is and then as it’s family deduct 10%.  Or if you don’t want her to stay long add 10%.

Sea_Shell

"We are trying to be fair to all parties concerned as we wouldn’t want a fall out with our other Daughter thinking that her Sister is getting more than her"

Does your other daughter live with you too?

Or are you worried you'll be "subsidising" one over the other?

elsien

How much would it cost her to rent a room somewhere in your area? That could be you starting point, then consider how food etc might work. 

May also be impacted by how long she plans to stay for? A couple of months is different to indefinitely. 

sheramber

Have you discussed with your daughter what she thinks she should pay?

JGB1955

Just to start the ball rolling - I would think something between £500 and £700 per month (assuming you're not in London).

We used to charge our 17 year old son 1/3 of his apprentice salary.  How much does she earn?

maman

Is this a temporary arrangement until she uses the savings to buy her own place? 🤔

Personally I'd talk to her about how much extra expense will be incurred when she moves in. 

I know if one of my DDs moved in,  it would only involve extra food and a little more power for additional showers and some washing. I can't think of much else. 🤔

I can see that you want to be fair to everyone but do you want to make money? If she's trying to get back on the property ladder then I'd ask for a minimum. I did this when my eldest was between properties.

Surely if your other DD needed help then you'd do the same. 

Mojisola

Start with one-third of all the bills and add a bit extra for repairs/maintenance.

nickcc

comeandgo said:

I’d look at adverts in your area and see what the going rate is and then as it’s family deduct 10%.  Or if you don’t want her to stay long add 10%.

Thanks for reply.  As we live in very popular tourist area it would be very unfair to go off rental prices around especially as many second home owners have moved to the tourist trade which has increased the demand by locals for more rental properties.

Annisele

I'd want to start with the idea of only charging her what she actually costs you - so you don't make a profit off her, but you also don't lose out.

So, if you would otherwise have let the room to somebody else, then the going rate for rentals in your area would absolutely be the place to start.

If you wouldn't otherwise have let the room, then I'd start with how much extra her presence will cost you. That'll probably just be her food plus a bit extra on bills - but it won't be a third of the bills, because with two of you there already council tax and standing charges won't change.

Then, add or deduct to take account of your circumstances. If you're very happy that she's living with you, can easily afford the bills, and would like her to stay for years - then charge her for her food and nothing else. If you'd prefer that she stays as short a time as possible, you could go one of two ways - either up the charge to her so that staying is less pleasant, or reduce it so she can save quicker.

Spendless

What's the reason your 50yo daughter with £100K in the bank and a fulltime job with the NHS is needing/wanting to move in with you?

If you are going to charge the local going rate plus costs, why wouldn't your daughter just move into one of these places instead and have her own space? 

I spoke to my recently graduated son about him and his fiancee potentially moving back to ours. I said I'd ask them for a contribution to the grocery bill and possibly the utilities (heating, lighting) bill. I don't have any bill that changes whether they live here or not, our mortgage, council tax, tv, broadband all remain the same. They would only be moving back for a limited time though until they could afford their own place, so additional charges from me would only delay how quickly they could afford to achieve that goal.