How does your life change when you move out?

opethdisciple said:
My problem is I just don't know if say 1k a month is enough for EVERYTHING else after paying mortgage.

When I went to speak to some estate agents a few months back what they told me about ground rent, council tax etc etc... it started to look like I wouldn't be able to afford it on my own. Or it would be a real stretch.
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You didn't know about council tax and other associated costs? Ughhhhhhhh
 
It is an interesting one, stay at home for 5-10, 15 etc. years and save £ so that you can buy rather than rent when you do move out, the advantage being that you don't 'waste' money on rent and more wealth is kept within the family.

But is it really a waste when it's the best years of your life? IMO time is more valuable than £, so it's really more of a waste to not move out at 23 or 24 at the latest.

You just need to balance the benefit of being a bit better off financially with developing your own maturity and responsibility in life. Each to their own but I know which I prefer.
 
dl8860 said:
But is it really a waste when it's the best years of your life? IMO time is more valuable than £, so it's really more of a waste to not move out at 23 or 24 at the latest.
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Exactly, you can always make more money but you can never go back in time.
 
Moved/Kicked out (i was a rascal) when i was 16, couch surfed with various friends until i was 18, then i managed to get my own place, although the first few years were difficult i have never looked back since and im now just ticked over 40yo, i have always loved the freedom you get living on your own, do what you want, when you want, nothing better.

Everyone is different though and some people are more reluctant to leave the family nest, whilst others grab the earliest opportunity, OP you just need to do what is right for you, if it feels right and you can deal with the financial element go for it :)
 
FurryLemon said:
Did none of you do anything when living at home? Seems a lot of people were catered for by their parents...
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Living with parents for me is similar to a flatshare, I don't have a live in catering and laundry service, maybe I'm doing things wrong...

All of my friends in their 20's still live with parents, it's not like it was with our parents generations when you could buy a mansion for a few weeks wages.
 
I didn't move out until I was 32 because I got in fairly serious debt when I was younger and was digging out of it. I moved out shortly after I'd got that down to nothing, so in a way the spending all the money on rent hasn't hit me so badly because I was ploughing it all into paying my debts off anyway.

I'm much, much happier. My parents have moved away since I moved out so I don't see them as much as I'd like, but honestly I don't really miss them even though we're really close. I see them enough.

It's just much more satisfying to look after your own.. everything. This place is my flat, it's decorated with my stuff, and I'm really houseproud, much tidier than when I was at home. It's much nicer relationship-wise as well, and I don't just mean in that way. Having your own space changes everything.

One thing I will say is that renting a place alone is a bit depressingly expensive (here, anyway). Living with someone else will make such a huge difference financially. Hoping to make that move in a year or so if everything goes to plan.
 
Jambo said:
Like making yourself richer. Buying a house to live in is a poor investment. (and still makes the rich richer via a mortgage)
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The rent is nearly (or just as much) the same as a mortgage in London, unless you house share. But what if you don't have mates to share with or a partner to move in and rent with?

Sure, moving out and renting with your GF is an easy option and it makes renting worth it, but going it alone just seems a waste (to me anyway, if you have an active social life and are out all the time or are having friends or dates round, then thats a great option).

Move out, rent, have less disposable income and be bored.
Move out, buy (or try to..) someplace, have no disposable income, still be bored, but at least you will have equity.

Still don't see a point. Just working till I die..
 
moogle said:
The rent is nearly (or just as much) the same as a mortgage in London, unless you house share. But what if you don't have mates to share with or a partner to move in and rent with?

Sure, moving out and renting with your GF is an easy option and it makes renting worth it, but going it alone just seems a waste (to me anyway, if you have an active social life and are out all the time or are having friends or dates round, then thats a great option).

Move out, rent, have less disposable income and be bored.
Move out, buy (or try to..) someplace, have no disposable income, still be bored, but at least you will have equity.

Still don't see a point. Just working till I die..
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It's more about the cash than the monthly payments. If you have £20k or whatever for a deposit you could rent a house and invest the cash more effectively in a revenue producing investment.

Everyone has different circumstances but for some people renting is a sensible option.
 
tom_e said:
Living with a house mate who likes to "tidy" this holy grail still eludes me :(

Very frustrating when it's peeing it down outside, I've got to be on my way to work in 10 minutes and it's my waterproof trousers she's hidden :mad::D
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If you are smashing the pasty though you cannot complain and plus she keeps the place tidy
 
I've just recently inherited a sizeable deposit and am planning now to move out from the parents place (I'm 31) but then I do live in London and plainly on my own I know I wouldn't ever afford anything here.

Am hoping to leave very soon and get a place of my own as I'd agreed it does play on your mind when it comes to dating when not having that full independence!
 
Never understood why people are so anxious to move out so quickly and to make fun of those who do not.

Nothing wrong with staying if you provide companionship etc. Especially if youre saving money up so you can buy your own place.
 
OP, just do what's right for you. You're essentially asking opinions here on your chosen lifestyle (despite the pointed topic question). Fact is, nobody knows you or your circumstances. As long as what you're doing is working for you, it literally do not matter what anyone says.

Maybe in different circumstances I would've done the same, me being roughly the same age as you aside. But you know, my parents are insane so that's a no-go :p
 
Move out, live free my man.

If you're hoping to keep hold of the same amount of disposable income and looking after your own place from the get go, you're out of luck. It will be tight and you will no doubt have to compromise in some areas to maintain a good budget.

The trade off is having your own space. This is priceless and at 35, its something you should look at doing.

I couldn't live with my folks, so credit to you for doing it for so long. I left at 16 and never returned and im dangerously close to 40 now haha. Do I regret it? Nope!

That said, everyone is different and there are no rules to life but as with any life changing choice, there is never a right time until you try.
 
I would have at least tried a house/flat share but i guess it depends on what kind of person you are or if you can find a few others that are equally sexually depraved, with a complete lack of hygiene as your/myself.
 
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