Moving out of your parents' house can be both liberating and terrifying. Let us make this process a bit easier with nine tips on how to move out of your parents' house.
1. Make sure you're moving out for the right reasons
Moving out of your parents' house is a big deal, no matter where you decide to go. However, before you make this life-changing decision, here is a list of questions you should ask yourself:
Are you financially ready to take on the responsibility of paying your rent and bills?
Do you respond well to new challenges?
Do you want to explore friendships and experiences that aren't accessible to you in your current living situation?
If your answer to any of the above questions is yes, then maybe it's time for you to move out.
However, things aren't always that simple. Consider taking some more time to make this decision if:
Peer pressure or temporary family drama is the driving force behind your desire to move out.
You can't afford to move out.
2. Figure out your budget
Every guide to moving out of your parents' house will tell you that money is the most significant deciding factor in your decision. The very act of moving out will cost you money. From transporting your belongings to paying your security deposit, there are a lot of additional expenses. This cost will be even higher if you're moving to a new state.
Renting an apartment also requires you to submit to a thorough examination of your financial situation. Did you know that property managers review your credit history to determine whether or not you'll be able to keep up with the rent? When you move into your new apartment, you are contractually obligated to pay your rent on time every month.
Although this isn't the fun part of moving out, getting a better understanding of your budget is a smart thing to do.
Expenses are classified into two types: fixed and variable. Fixed expenses are the same every month while variable expenses fluctuate from one month to the next. Determine how much you can spend on each type of expense based on your current or future income before you decide to move out for the first time.
3. Have an emergency fund
When people move out for the first time, they're often unaware of how much money they will actually need as a renter. You end up broke even if you think you have enough money to live on your own. Experts say that having an emergency fund worth a few months of living expenses can save you from a lot of money troubles once you have your own place. Calculate how much you will need to live every month when you move out and multiply it by 4. That is the amount you should have saved before you make your move.
4. Start searching for a place to live
To kick off your apartment search, start by making a prioritized list of all the things that you need in your apartment. Then, you can match those features and amenities to an apartment you can afford.
Keep in mind that your rent may not be the only expense you'll be making on your apartment. Maintenance charges and other utilities can be added on by the landlord too. And it's also generally a good idea to purchase renters insurance to protect your belongings while you're in your new place for a low monthly fee.
The next question that should come to mind is whether or not you want to share your apartment with a roommate. If you're renting in a city known for its high living costs, you might want to consider living with roommates. This can reduce your rent by more than 50%.
Once you've zeroed in on a few apartments, you can start applying to them. Make sure to get your apartment application materials ready beforehand.
5. Decide how you'll fund your move
Another thing to keep in mind, property managers ask for at least the first month's rent plus a security deposit when you sign a lease. In some locations, you may be required to get help from a broker, for which you will have to pay an additional fee. Additionally, you'll most likely need to furnish the apartment with necessities such as furniture, cookware, and other supplies. Take the time to figure out how much relocating will cost you, and make sure you have your finances set before making any decisions.
6. Make the move
Well, the moment you've been waiting for has finally arrived! It's time to pack your bags and take your first step towards leading a more grown-up life.
When it comes to packing, you need to ensure that everything is secure. Making sure your belongings are properly packed will help you avoid bad experiences like opening a box of broken glasses or dead plants.
You don't necessarily have to pack everything by yourself. Don't hesitate to ask for help from friends and family if you need it. It will make your moving out process easier and a lot more fun.
If you're moving far away or have a lot of belongings to transport, you should consider enlisting help from a moving company. Make sure to check them out ahead of time or ask for recommendations from family and friends.
Related: 4 Simple Steps To Identify And Protect Yourself From Rental Fraud
7. Set up your home
Ideally, you should have some of your apartment essentials like Wi-Fi, electricity, and heating set up before you move in. Besides that, make sure that you have everything you need in your new apartment for a comfortable living experience. Spend some time getting used to your new surroundings. Go out and explore your neighborhood, walk around town, and talk to your neighbors.
Moving out can be nerve-wracking. The only way to calm your nerves before taking the big step is to be prepared. Take the time to make sure you're financially and emotionally ready to make the most of your new experiences.
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