When you are very young you can’t imagine living anywhere but with your parents. However, as you age you’ll start to realize that you need your own space and the chance to spread your wings. The only question is how soon can you move out and how will you be able to support yourself?
Finding answers to these questions can be difficult and is the reason that at least 50% of young adults still live with their parents. It’s also worth noting that until you are 18 your parents are your legal guardians and can make it difficult for you to leave. That’s why your first step must be to talk to your parents, explain the issues and get them on board with you moving out.
Don’t forget, moving out means you’re going to need to pay the rent, bills, and buy food. If you haven’t planned for this you’ll be back with your parents sooner than you want.
Of course, if you’re 18 then you can enter the Surf Life Saving lottery and may win a house. But, while one person must win, there is no guarantee this will be you.
If you’ve decided that moving out is the only option and talked to your parents, then the following can help:
Ask For Financial Help
If you have a job and can afford to pay the rent on a flat you may think you are ready financially. However, you will need a deposit first. If you haven’t got anything saved up then the best approach is to talk to your parents and see if they are prepared to pay the deposit for you.
If possible, avoid borrowing to pay the deposit, this will put you on a poor financial footing before you start. Instead, wait a little longer and save the deposit up.
Move With Friends
To help keep the costs down you’ll find it is a good idea to rent a place with friends. It will make it easier to afford and, providing you choose good friends, you’ll find you can have a lot of fun together.
Sort your Credit
Once you are 18 you will have your own credit record. The better it is the easier it is to rent a property. However, a good credit rating doesn’t mean you never borrow money. If this is the case your credit record will say very little. You need to bolster it by borrowing money and paying it back on time.
This will ensure your credit record looks good and you can get the rental agreement you need.
Talk To Your Parents
Providing you are leaving on good terms then you should talk to your parents. They will help you plan your move, make sure you know what you need to do, and will be there to assist in any way possible. It can be very challenging when you first head out on your own. Let your parents help you.
Don’t forget to keep an eye out for pieces of furniture that are cheap or being given away, they will all help when you first move in.