A question that lingers in millennials’ and Gen Z’s minds is, “Should I move out of my parents’ house?” With rent at an all-time high and inflation, remaining in our parents’ house permits us to pay less, dine on potlucks, and forego all forms of privacy and freedom. So, the other question that keeps us awake into rude hours of the night is, “Is it worth it to move out?”
1. Endless Freedom
Living with your parents is a great option for saving money for your future; however, you will lose a lot of freedom when cohabitating with those who gave you life. If you move out, you can set your schedule, decorate your dwelling how you like, and play video games in the living room, covered in chip crumbs for hours—if you wish.
2. Save Money
Do you want to own a home sometime in the future? Before forking over $2,000 a month for a tiny apartment in the middle of a big city, evaluate your finances and spending habits. How long would it take you to save for a house on your own versus if you remain in your childhood home?
3. Hidden Bills
Everyone has a hidden bill of some sort. Whether lawn service or maintenance fees come out of your checking account each month, you must consider the hidden fees dragging down your bank statements. Would you rather share the hidden fees or front them alone?
4. Staying Together
For some reason, America stigmatizes moving out on your own. Other cultures remain in the same home for centuries, with great-grandmas and great-great-grandsons coexisting. When living together, you’ll strengthen relationships—with effective communication and quality time.
5. Test Run
“There’s no shame in staying at home until you can get established, but I suggest that you also be a respectful tenant. Use the opportunity to save money and find your way, but don’t just mooch off of your parents. It’s a good time to practice being a responsible adult and lean on your parents’ experience by learning simple maintenance skills or cooking skills. It will make your transition to an apartment or house. In my opinion, it was an incredible gift that put me on a great path and made me respect my parents and become closer to them in the process,” a former childhood home resider explains.
6. Credit Scores
Different complexes require different minimum scores; however, you must prove your stellar credit score to get approved for your dream home. With the bogus credit score system, you can pay off your car, and the number plummets. It’s rough out there.
7. Assistance and Support
My cousin moved into the house planted next door to her parents when she graduated college. A few years later, she gave birth to twin boys, and the grandparents helped raise the boys and support their endeavors, showcasing positive family dynamics.
8. Lower Your Expectations
Your first apartment probably won’t be a waterfront condo complete with a golden jacuzzi near a fireplace. First apartments may be grimy, confined spaces that nudge, not shove, you into your first outfits of freedom without the ‘rents.
Chances are, you’ll need a roommate to offset costs and share a residency with. Whatever you do, try to find a good roommate. You might think living with your best friend is the most incredible idea ever to exist, but when they leave dishes in the sink for months and you walk into roaches crawling over your cutlery, that belief may shift.
10. Ask Questions
Apartment hunting stirs emotions, what with the promise of a home away from parents and a space to call your own, but only sign official papers after interrogating the real estate or leasing agent. Shady apartments will try to cover up the inferior parts of the apartment, resulting in negative experiences later. You want the agent to be transparent, answering all concerns and inquiries.
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