Moving out of your parents' house is a big step and one that signals your transition into independence, so it's essential that you're well prepared to take care of your own needs. Besides finding a place that you can afford, and even a roommate if the area you live in is expensive, you'll need a source of income that is adequate to cover all of your costs. You'll also need to make a budget to cover the costs of moving out of your parents' house, as well as a budget for your monthly living expenses. Read the following steps to find out how to prepare to move out of your parent's house.
Steps
- 1Examine your savings and income in order to make a budget to move out of your parents' house. Determine how much money you have available to rent an apartment. You'll need to pay your first month's rent up front, as well as your last month's rent as a security deposit. Also decide how much money you have to make the actual move, as you'll probably need to rent a moving truck and purchase moving boxes.
- 2Examine your monthly income to see if it will cover the costs of living on your own. You should budget about 25 to 30 percent for the cost of housing and utilities. You'll need to budget for the costs of renters insurance and other types of insurance such as health and auto, if applicable. In addition, you'll need enough money for food, clothing, and savings.
- 3Investigate the rental costs of apartments and homes in your area. If the costs fit into your budget, you can plan to rent on your own, but if the costs are too high, you can find a roommate.
- You can find a roommate by asking a friend to share an apartment with you, or by searching in classifieds or on roommate websites. Always be sure to run a background check on the other person if you don't know them intimately to protect yourself from dangerous situations.
- 4Look for a place to live. Besides location, living space, and amenities, remember to check things such as air quality and noise pollution. If it's close to a major road or industrial site, bad air and too much noise could adversely affect your health. Also check for mold and vermin such as cockroaches or mice, and remember to see if there's a working smoke and CO2 alarm in the unit.
- 5If you like the place and can afford it, apply for it. In many countries, the landlord will run a credit check on you to see if you're financially responsible. This shouldn't cost more than $25.
- 6If the landlord offers you a lease, read over the rental terms and conditions carefully. Make sure that each party's responsibilities and rights are clearly stated before you sign.
- If you are renting an apartment with a roommate, draw up a roommate contract. This should state each party's rights and responsibilities, state how disputes will be settled, and what happens if 1 of the roommates moves out.
- 7Rent a moving truck and move your possessions into your new home.
- 8Make sure that gas, water and electricity are hooked up before or on moving day.
- 9Change your address with your bank, insurance company, and any other important parties.
- 10Get renter's insurance so your possessions are protected. At the same time, find out if you can still be covered for health and auto insurance under your parents' policy. If not, get your own insurance policy.
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