Renting or Sharing a House

1
Renting or Sharing a House

• Is it the best , worst or the right thing to do?

2
Between 15 and 20

• Between 15 and 20 is the age most people start
  thinking about moving out of their parents houses
  and getting a place of their own.

• This is also the age that you are very vulnerable
  and this is the time you can be ripped off or
  tricked into doing something without thought.

3
Positives

• A shared house is a house that holds a group of
  friends, colleagues etc. who share the house and
  the expenses. This is a good thing because you
  can afford a better lifestyle and it means there
  is less cost to hit you in the wallet.

• Renting a house is good too because most of the
  time it costs less than a mortgage.

• Moving out of your parents also means there is
  more freedom for you.

4
Negatives

• The down points of sharing or renting house is
  that You have to make sure that you have the
  money to pay for food, the rent, bills etc. These
  things come around once a month and they arent
  cheap.

• Freedom is good but now you are no longer able to
  have mum make dinner or wash your clothes.

If you are in a shared house you have to make
sure that your mates can put up their share of
the costs.
5
Rent and Bond

• These are two of your greatest enemies.

• Rent is the money you pay the owner or
  real-estate to be allowed to stay at the
  property. It is usually paid weekly.

• The Bond is a down payment of usually 4 weeks
  rent up front to pay for any damage caused while
  you are at the property. If no damage is done you
  get your bond back.

6
Other Expenses

• You need to be aware that there are a lot of
  other expenses involved in having your own place.

• Apart from bond and rent you need to consider the
  costs of furnishing your home.You may be able to
  buy second hand stuff or scrounge a lounge from
  your folks.

• Weekly food expenses may cost more than you
  think. You must remember that you dont have a
  money tree in the back yard so it is important to
  budget.

7
More Expenses

• After you have fed yourself, you need to put
  money aside for other things such as electricity,
  phone and water expenses. These bills arrive
  either monthly or quarterly, and if you havent
  put a little aside each week you may find
  yourself in trouble. A good idea is to open a
  separate bank account and deposit an amount
  weekly.

8
Even More Expenses

• How will you get to work? Do you need to pay for
  petrol? Or does the bus run near your place? All
  these things need to be considered before you
  take the big plunge and leave home.

9
The Last Bit

• If you really want your own place, look at all
  the points mentioned above. If you think you will
  make it, go for it!!!!!!!!!!!!!!
• GOOD LUCK