What are the expenses of moving out?

Question

Ok im 22 and im looking to move out for the first time (i no ive left it a little late) Im hoping on a house share with a few other people i just want a few rough estimates on how much youd expect to pay a month. Fair enough every 1 is different but just a few so i can get a idea on what i need would be great thanks. btw would be living in the UK

Answer 1

Aside from rent and deposit, you are going to need things to put into your new place.

When I first moved out I saved up money and bought things over time before actually moving.  I bought things on sale and stored them.

You will need things like pots and pans, kitchen supplies, cleaning supplies, bathroom supplies, towels, living room furniture etc.

Answer 2

where in country.  I can only answer for london.

In SE it is a bit cheaper than north of the river.  Studio's (ie - your bedroom is your living room) start from about £600 (add at least £50 north of river).  To get a room in a house with people you don't know (which can be a hassle - think about it) start from about £350.

1 bed flats (seperate lounge) start at about £800 (add £100 for north).

Don't forget c. tax (rough estimate is a pound per day per bedroom but more for 1 bed places), plus utillities bills plus food etc.

All in all for a place on your own in south london look at paing over £1000 / month.  For a room in a house look over £500ish.

If you're outside London, considerably cheaper.

Answer 3

Go to  www.rightmove.co.uk  and put in the area, this will give you monthly rents, don't forget this is only rent no other expenses. Best place to find house shares is the local paper, if you house share, it is generally cheaper, as the property will have furniture etc.

Ring some local agents and ask what they have and the rent. Then sit down and factor in the other expenses, gas/electric/water/council tax/tv/food/car costs or transport costs to and from work.

Good luck

Answer 4

depends what part of the uk you would be paying alot more if you were living in london than if you were living somewhere like sunderland but id say probably about 1k a month between bills and food

Answer 5

"Ok im 22 and im looking to move out for the first time (i no ive left it a little late) "

I first moved when I was 25, due to I'm single and wanted to buy rather than rent.

Anyway, my monthly outgoings are the following (estimate/average):

Mortgage - £340 (at the moment)

Council Tax - £70

Gas and Electric - £60

Broadband and Telephone - £15.50

TV Licence - £11

Answer 6

About £300 to £500 for a room + The same again for a deposit

Water about £15-£20 per month, per person

Gas and Electric about £20 a month per person

Council tax will vary depending on the house, but your share will be around £50

TV Licence is around £15 a month for a household

Broadband and phone can vary - you need to shop around. We pay £16 a month with Virgin

Contents Insurance - £15 for the house (don't have to have that)

It then depends if you need furniture etc... If you don't then I'd budget another £100 for bits and bobs

Good luck with your move

Answer 7

If you phone a few local letting agents you will get an accurate picture. Here only Wally's will guess the answer.

Answer 8

A lot depends on what part of England you are in . Obviously the London area is very expensive . If you are house sharing with a few friends then you need to agree who has what bedroom for a start

You also need to agree on how you are splitting the costs , but I would imagine that you would spilt the cost of renting the house by the number of occupants .

My most recent experience of renting was a two bedroom flat in York city centre . This is also quite an expensive area to rent and I was paying £850 per month (5 years ago)

You should get in touch with a couple of estate agents in the area you are looking to live and ask what their rental costs are . I think you might find that there are quite a few properties around in these difficult times as many people jumped in and took up on a buy to let basis but are struggling to find tenants

before you get involved as a group you need to sit down and write down your expectations and also agree on how you tackle bills like Utilities / Phone / Rates etc .. It may be better to set up some sort of joint account and each of you raise a standing order for each month

You could then set up direct debits for all the bills , this saves some money too as you get discounts for direct debit  

Answer 9

Which villiage/town do you live in now? Because you dont want to live too far away from your family!

Answer 10

id say

£300 rent £400 inc bills

£200 food

then the rest is urs

hope this helps

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