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Renting/ Moving Out


eskimo

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Basically bored of being here. I'm stuck in a job but am looking (as most of us are). But i'm pretty secure being my point. Take home £850 a month with plenty of time on my hands. I have all the shit i need including bikes and a car which might as well have been new when i bought it. I got savings but will be leaving them alone at all costs for obvious reasons. Kinda sorted?

Not spoken about moving with someone(s) yet so it's very hazy right now. But my question is what are the costs like? I can deal with having to save for shit, as currently i'm actually bored of not appreciating stuff i buy like i did when i was a kid. So a little spare cash ere and there would be nice and not picking pennies from the floor :P

Oh yeah, i know 'renting is a waste of money' but you know, a mortgage ain't exactly a walk in the park. And that's i used to feel.

What should i be looking for? Inclusive stuffs? If the boiler breaks or the garage gets broken into requiring repair they're liable because it's their property? I imagen these are variable though...

Advice, pointers and shit most welcome :D

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It depends how much you want to spend on rent and how big the house or flat is. Some places can be a lot cheaper to live in than others.

My rent is £695.

On top of that you have...

  • Council tax
  • Gas
  • Electric
  • TV license
  • Water
  • Food & living costs
  • Insurance

I'm sure there are more things that can push the cost up, for example vet bills and other things.

Adding all this up, it can be very pricey.

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Do you live at home at the moment?

My bills are around £170 a month for water/gas/elec/internet and phone and council tax based on a single person. I live pretty frugally as I'm not at home much. I dont have a tv (license is something to think about). This is in a pretty well insulated and modern 3 bed terraced house.

I found theres alot of shit you end up buying that your mum usually gets (air fresheners, clothes horse, tea towels, cleaning bits and pieces, hoover, tin foil etc) that you don't even think about, but someone has to buy.

I have only rented uni houses in the past and they're set up slightly differently to 'normal' rentals. My dad owns a few rental houses and if, say, the boiler breaks, he has to sort it out. Its the landlord's responsibility to make sure everything is in order.

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I am six months into a rental contract with five others at university. Having to manage your own finances and sort out bill's etc isn't easy to begin with, but once you have it set-up with direct debt's and you manage your money well you should be fine.

With most rented properties, the landlord/agency is responsible for all repairs. We have a landlord managed so any problems we go straight to him, from what friends have said getting this is much better ,as if you have to go thought an agency repairs will take longer.

If you can I would try and find friends to live with as this will slice your bills dramatically.

Ok this is what we each pay. Split between five people. The house is in Cardiff, so I'm sure bills will vary slightly depending where you are but it should give you a rough idea.

Water: roughly £15 per month per person. Was for the first 4 months.

Virgin media: £6 each per month, includes tv, internet, and landline.

Gas and Electric (on a basis tariff with swalec): £31.40 each for the first four months.

TV licence: £30 for the year.

That's all the bills I can think of, bar rent. Splitting things 5ways really does help, also turning lights off and not using the heating helps keep costs down.

Hope this helps, if you need any more info let me know!

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What's your actual reasons for moving out? I promise you you'll regret it unless you have to.

I was kicked out of my mums when I was 18, so it was essential that I got somewhere. After a few months sleeping on various peoples floors I'd sorted out a deal with my Dad to buy the place I live in now because I believed (and still do) that renting is for morons. It was only when I got Leanne to move in that I was even semi secure financially - then I went and bollocksed that up by deciding to jack my job and start a business. Back then I was taking home around about £1600 a month plus commission, and I still struggled hard.

Basically, what I'm getting at, in the least rude way possible, is that £850 a month is peanuts and don't bother unless you have to.

Here's some vague figures of what I'm paying for a 1 bedroom flat just outside Croydon to help you get an idea of how much more money it is than you think:

£700 mortgage (generally less per month than the equivalent rent, for obvious reasons)

£80 Gas & Electric

£30 Water

£150 Food (and general groceries)

£15 TV license

£20 Home Insurance

£20 Phone & Interweb

So that's just over a grand before I even think about running a car and having a good time, buying clothes or whatever.

think carefully before you give up cushty home life for the single benefit of freedom.

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Shock horror but I disagree with you on another matter, JD :P

Basically I pay £330 for my room in Bristol with no additional costs. Food and other homely bits costs me about £180 a month. That would leave you with £240 p/m for other costs or 60 squid p/w. Personally I'd love to have that much spare for clothes, travel, bike, etc. However, I don't drive so that's obviously the removal of something quite costly.

If you don't care about having lots of money but think it's important to have your own place then go for it. Freedom from 'rents and living somewhere cool or with mates can reduce the need to spend extra compensatory funds anyway.

Again, I personally couldn't care about a mortgage. It just seems like something to tie you down but then that's quite subjective and accoring to your values. Why am I enjoying the fact of disagreeing with you JD? :shifty:^_^

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Shock horror but I disagree with you on another matter, JD :P

Basically I pay £330 for my room in Bristol with no additional costs. Food and other homely bits costs me about £180 a month. That would leave you with £240 p/m for other costs or 60 squid p/w. Personally I'd love to have that much spare for clothes, travel, bike, etc. However, I don't drive so that's obviously the removal of something quite costly.

If you don't care about having lots of money but think it's important to have your own place then go for it. Freedom from 'rents and living somewhere cool or with mates can reduce the need to spend extra compensatory funds anyway.

Again, I personally couldn't care about a mortgage. It just seems like something to tie you down but then that's quite subjective and accoring to your values. Why am I enjoying the fact of disagreeing with you JD? :shifty:^_^

There's always 2 sides, and I can totally get yours - it just isn't for me. In hindsight my post doesn't sound like opinion, but that's how I meant it :)

You do seem to like disagreeing with me, but it's all good after seeing there was no real animosity there on Saturday (Y) We're just pretty chalk and cheese, that's all.

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I don't enjoy the cost of renting as i see it as your money going straight out of your pocket but i have no means to save the necessary deposit required to secure a mortage to live where i do (central London). I would never consider living at home as 1. It's a boring place and 2. My career wouldn't exist there so i see no other feesable option for someone like me but to have to rent.

I dare say a mortgage on my current place would be a good bit cheaper than what i pay in rent but without that deposit what can you do?

However for my money i live a pretty good life. I am by no means well-off but i live in one of the most interesting cities in the world, i have lots of hobbies to keep me occupied and for the (slightly rip-off) rental price i have a beautiful flat that is a joy to be in so in some ways isn't that money well spent?

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Another thing, When I moved out lot's of friends and family helped out by donating furniture.

Was given fridge/freezer, 2x leather recliners, sofa bed, king size bed/mattress and loads of other little bits.

I can see that happening and if the kitchen is generally sound then we should be mainly there. I don't buy expensive clothes, it's probably obvious too :P

I do seem to be spending money just for the sake of having it really. I think i want to move out because it would be fun. Yeah maybe the novelty could wear off quick, but there are so many little things doable with your 'own' place i think that never get given a thought. I know renting would make destroying things limited, but that's okay.

Ben if i didn't work 2.5 miles away from here i would consider it. haha

I appreciate your thoughts JD. However if i was taking 1600 home a month i would be thinking different, that's a fair amount.

And Nick, yeah i do live with my parents. I've never moved out or been to uni. When my sister moved out it was bliss and still is, not hearing her wine on :giggle:

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What's your actual reasons for moving out? I promise you you'll regret it unless you have to.

I was kicked out of my mums when I was 18, so it was essential that I got somewhere. After a few months sleeping on various peoples floors I'd sorted out a deal with my Dad to buy the place I live in now because I believed (and still do) that renting is for morons. It was only when I got Leanne to move in that I was even semi secure financially - then I went and bollocksed that up by deciding to jack my job and start a business. Back then I was taking home around about £1600 a month plus commission, and I still struggled hard.

Basically, what I'm getting at, in the least rude way possible, is that £850 a month is peanuts and don't bother unless you have to.

Here's some vague figures of what I'm paying for a 1 bedroom flat just outside Croydon to help you get an idea of how much more money it is than you think:

£700 mortgage (generally less per month than the equivalent rent, for obvious reasons)

£80 Gas & Electric

£30 Water

£150 Food (and general groceries)

£15 TV license

£20 Home Insurance

£20 Phone & Interweb

So that's just over a grand before I even think about running a car and having a good time, buying clothes or whatever.

think carefully before you give up cushty home life for the single benefit of freedom.

Sorry but i disagree entirely. Around my area the rental prices aren't exactly cheap, but 500 will get you a 3 bed semi within walking distance of town, our last house was a huge 4 bed end terrace and that was 500 too. Single person council tax was 75, water 120 a year, gas and leccy was expensive but we had a shitty boiler and it should usually be far lower. Then all you need is a virgin media package for like 10 a month and everything else is your own. You would be coming out with around 200 spending a month, even more if you move in with a friend.

Me and my girlfriend are currently in Loughborough in a 3 bed detached with garage, conservatory and 2 bathrooms for 625. Bills are a lot cheaper as its a newer house and is better insulated. I'm only on 850 after tax and i'm coming out with 400 spending each month.

If i was on my own i'd get a small house or advertise to share in a normal house. There are plenty of sites with adverts for tennants and housemates.

A flat would be even cheaper as round here flats are like 350 to rent and you get shared building council tax. Though i could never bring myself to live in a flat.

The other option is find a couple of mates to move in with, should drop the bills a bit more for you. Though as a word of advice, try and find people who are pretty down to earth or that you don't know at all. I moved in with some people i thought of as friends and it turns out they were actually childish dicks.

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Sorry but i disagree entirely. Around my area the rental prices aren't exactly cheap, but 500 will get you a 3 bed semi within walking distance of town, our last house was a huge 4 bed end terrace and that was 500 too. Single person council tax was 75, water 120 a year, gas and leccy was expensive but we had a shitty boiler and it should usually be far lower. Then all you need is a virgin media package for like 10 a month and everything else is your own. You would be coming out with around 200 spending a month, even more if you move in with a friend.

Me and my girlfriend are currently in Loughborough in a 3 bed detached with garage, conservatory and 2 bathrooms for 625. Bills are a lot cheaper as its a newer house and is better insulated. I'm only on 850 after tax and i'm coming out with 400 spending each month.

If i was on my own i'd get a small house or advertise to share in a normal house. There are plenty of sites with adverts for tennants and housemates.

A flat would be even cheaper as round here flats are like 350 to rent and you get shared building council tax. Though i could never bring myself to live in a flat.

Where on gods earth do you live? You say your rental prices aren't exactly cheap......i'm sorry but i don't think i've ever heard of lower - the prices you're quoting are dirt cheap bragain basement prices.

In my area you can't get a 2 bedroom flat for under £1000 a month. I bet you can imagine how much a house might be....

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We out right own the home, but we're still paying rent to live where we live.

Internet points to anyone who can work why that is.

You live in a caravan/motorhome based at a caravan site? Or a boat and you have to pay for a mooring permit? You live in a tent in a mates garden and slip him money to keep him happy? :P

Or am I way off the mark?

In my area you can't get a 2 bedroom flat for under £1000 a month. I bet you can imagine how much a house might be....

Yes but london might as well be another country when you look at the difference between house prices, cost of living and wages compared to the rest of the UK.

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Thats such a popular misconception which i just don't believe is true in the slightest.

You are completely correct that rental prices are disproportionate to the rest of the UK, however i don't think the cost of living is that much more here (excluding alcholic socialising as that is definitely different) and i don't think wages are that significantly increased that they justify the absurd rise in renting/property.

Irrespective of this you have to admit that the figures kriboats noted are pretty darn cheap.

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Where on gods earth do you live? You say your rental prices aren't exactly cheap......i'm sorry but i don't think i've ever heard of lower - the prices you're quoting are dirt cheap bragain basement prices.

In my area you can't get a 2 bedroom flat for under £1000 a month. I bet you can imagine how much a house might be....

Come out of london, prices plummet. Weve got friends who live in south norwood and they pay 750/month for a tiny shitty 1 bed flat, you can get a nice big 2 double bed flat in lichfield for 450/month :)

I think my original mortgage (62k) is about 375 a month for a 3 bed house, Ive had about 30k of equity out of that though so the total is a little higher.

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Yeah but if your career and wanted lifestyle lie in London (such as mine do) then it's where you gotsta be living.

I know i could live in 237 castles (probably) for what i pay in rent but i would never want to commute in to work from a distance (as its miserable) it's very f**king expensive to do so and you waste a lot of time. Not many places in the UK really appeal to me in which to live, i'm not really a small town sort of guy. Also as i have said, sometime your career can force you to live in a certain area as it's something that isn't widely spread around the country.

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Yeah but if your career and wanted lifestyle lie in London (such as mine do) then it's where you gotsta be living.

I know i could live in 237 castles (probably) for what i pay in rent but i would never want to commute in to work from a distance (as its miserable) it's very f**king expensive to do so and you waste a lot of time. Not many places in the UK really appeal to me in which to live, i'm not really a small town sort of guy. Also as i have said, sometime your career can force you to live in a certain area as it's something that isn't widely spread around the country.

Not disagreeing with you at all, I grew up in a village and cant stand living in big citys, parrticularly london, everyone just seems to be so rude and in a rush all the time. Fortunately I got a job doing exactly what I wanted to do in a small city, earn enough money to buy my house and live comfortably with 5 minutes travel to work :)

Either way the cost living in london is high compared some other places.

Back to the eskimos original question, when I first moved to lichfield I was earning about the same amount and moved into a studio flat for 325/month, I didnt really struggle for money at all but obviously rent prices have increased (this was back in 2001). I bought my house after 6 months renting and gone from there. With careful money management and bit of luck with rental prices you should be able to live quite comfortably. Have you considered house shares?

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I would have thought that grpowing up in a village would make you long for a City? I grew up in Northampton whilst being quite large is a largely very boring place with little excitement which meant i longed for a more exciting pace of life....fast forward a few years and here i am. Was your vilage life a more positive experience that made you enjoy smaller places? I certainly get the appeal of small towns and sometimes when London is pissing me off i think...."wouldn't it be nice" but usually after a day somewhere else i'm longing to get back.

Also i agree people in London are usually rushing. it's a centre for business and activity and usually people have got to get somewhere as things move quickly. Also public transport and getting around in general can take an eternity which is why it may seem as though people are usually rushing. Catching your tube or bus to where you need to be becomes a priority but i agree some people go completely over the top and panick and get stressed when in relaity there is no need and there saving maybe a minute on their journey.

I personally don't get worked up or rush around so don't surcome to that stupid mentality.

I don't really agree on the rudeness as i don't think it exists really. I think it comes across that Londoners aren't very polite (in terms of saying hello) because until you've lived in London for sometime you don't realise just how much of the population are foreign speaking. Some days i don't ever hear English being spoken and you kind of get in to the mentality that you can't assume that the person next to you speaks English. I think this is why people don't just go hello in the street. So many times i've stopped ot speak to someone whether asking directions or otherwise and have been met with a blank expression as they don't understand me.

Also i think the rudeness comes across as this City is always full of so many f**king toursits that you can never just enjoy it as a resident. Your forever having to get people stopping in the middle of the road, shoving a camera in your face or blocking the road in massive groups only ever looking up and not where they're going. This gets very annoying over time and i think may account for the perception of rudeness.....

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I rent a en-suit room in blackpool with a shared kitchen, rent is £345 a month all bills included (council tax, water, electricity, tv, internet etc). sure it's a room rather than a whole house, but I have my tv an computer in here and other than going to the bathroom and kitchen I don't need any other rooms, I would probably just fill them with junk anyway.

I am not a fan of buying a house and having a mortgage, I really don't like the idea of being tied down and paying for a single property for the rest of my life (especially with my inconsistant income). I also like the fact I don't have to pay for any nasty surprises like the boiler exploding or the roof falling in, plus if suddenly I wanted to move to another place, as long as I can find somewhere to rent it's dead easy to do.

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Where on gods earth do you live? You say your rental prices aren't exactly cheap......i'm sorry but i don't think i've ever heard of lower - the prices you're quoting are dirt cheap bragain basement prices.

In my area you can't get a 2 bedroom flat for under £1000 a month. I bet you can imagine how much a house might be....

In Loughborough, like i stated in my post and is written under my avatar over there somewhere <<<<

Houses in the neighbouring towns and villages are much cheaper. My friends got their first rented place as a mid terrace house, two bedrooms, refitted kitchen and HUGE refitted bathroom for just £400pcm. That was in my home village of syston near leicester. London is massively expensive, everytime i go i cringe at how much people pay for things. I worked there a couple of years ago and was charged £10 for a 10" pizza from some grotty takeaway. I can get a 12" here from most places for around a fiver. It's bonkers.

Click arrange lowest to highest price....

http://www.primelocation.com/uk-property-to-rent/search/?p=le11&ls=0

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