May 05, 2022
4 min read
Living at home does come with its perks. Depending on the arrangement you have with your parent(s), you could live rent-free, sit down for home-cooked meals every night and have your laundry done for you on time. Sounds pretty great, right? But the one thing you don’t have is your independence – something many of us yearn for as a young adult. If you’ve made the decision to fly the nest and have the funds to support you, there are a few things to think about first.
There is no right or wrong age to move out of the family house. For some, it’s when they start university in another city. For others, it’s a few years later down the line. Before you automatically consider moving out, first determine if it’s the right thing to do, both emotionally and financially.
Ideally, you could move out when:
Consider taking a little more time if:
When it comes to what you can realistically afford, you need to think about what your potential outgoings will be. Before you sign up to start paying rent, determine how much you can spend each month based on your established or projected income.
Your fixed expenses may include:
Variable expenses may include:
You’ll also have to factor in a few significant outgoings when you first set up your tenancy. You usually have to pay the first month’s rent upfront and put down a deposit (the latter of which you should get back at the end of your agreement). You’ll also have a tenancy set-up fee from the Lettings Agent, which covers the cost of credit checks and reference checks. If you’re a first-time renter, a landlord may accept a reference from your parent or guardian.
Before you move out of your parents’ house, let them know about your decision. Share your current financial situation with them – they may have advice on how to stick to a budget and stay out of debt. Chances are they’ll support your decision and be proud that you’re (literally) moving forward.
Also, pick your parents’ brains about how to adult. Growing up, we don’t always realise how much our parents are doing on a daily basis that we don’t see. You may find yourself needing to know how to unclog a toilet or pick the right cleaning solutions or set up broadband. Think of questions and set up some time to ask them so you’re better prepared for what’s ahead.
If you’re financially stable enough to move out, have you decided to stay locally or move further afield? It may depend on your work, school and social needs, but it’s worth thinking about cities or neighbourhoods where you’d like to – and can afford to – live.
Depending on your budget, you may decide to rent somewhere on your own, with a friend, partner or rent out a room in a shared house. Start your search for properties to rent on Boomin, whatever your budget.
When viewing properties, don’t be shy about asking questions. Check the monthly rent and what’s included in it (some rental agreements will cover certain utilities). Ask about the contract length and what the notice period is if you wanted to move out. If the property provides furnishings or appliances, double-check which items will remain. If you’re viewing a shared property, try to get a feel for other tenants by having a chat.
Once you’ve seen a few properties, you’ll get a better idea of the type of property you’d prefer and what’s in your budget.
Renting for the first time? We’ve got you covered with everything you need to know here.
You’ve been used to your parents having the utilities under their name. Compare deals and then set up installation dates.
Don’t forget to change your address at school/work, the dentist, doctor, gym and more. You can also set up redirection through Royal Mail to ensure you don’t miss any post.
It can be hard saying goodbye to that safe space you call home and also gaining the confidence to make it on your own. Keep this guide handy and refer back to it if you get lost or stuck. Once you’re ready to find a flat to rent, start your search on Boomin.
Our advanced property site offers a wide range of suitable spaces, and you can be the first to know about hot properties coming to the market as well as those not yet listed. From a simple one-bedroom flat to a five-bed pad with all the included amenities, you can book viewings online 24/7 through trusted and experienced Letting Agents. Search for properties to rent today.