Real Estate

Why Getting A Flatmate Will Save You Money

Accommodation is probably one of the most expensive things around the world today. And if you have to relocate yourself on account of education or work, this could put a lot of pressure on your finances. Whether you buy a house outright, or acquire it on rent, the budget will be seriously dented. That is why most people look at saving some money by getting accommodation on rent and sharing it with people who are living in the same situation as themselves.

Accommodation is probably one of the most expensive things around the world today. And if you have to relocate yourself on account of education or work, this could put a lot of pressure on your finances. Whether you buy a house outright, or acquire it on rent, the budget will be seriously dented. That is why most people look at saving some money by getting accommodation on rent and sharing it with people who are living in the same situation as themselves.

Flatmates are people who live with you and share in the expenses. Ads in the papers or in the online classifieds can help you find them. You could ask around for contacts as well. Even ask your friends; it could be great if they turn out to be your flatmates. The way this becomes economical is that all expenses get shared.

That is the sole reason for most people who are looking for a flatmate. The splitting of costs really helps in easing a difficult budget situation.

Now, what are the different ways can you split your living costs with your flatmates? Here we shall look at some of them.

1. You can definitely split the rent. This is usually split in the exact proportion according to the number of flatmates. For instance, if there are two of you, each pays 50% of the rent. If there are four, each pays 25%.

2. You must also split all utility bills such as the bills for electricity and telephone usage and the Internet bill, etc. However, you might need to talk with your flatmate in advance about this. Some bills can be easily split, such as the electricity bill which everyone uses. But splitting bills like Internet bills becomes tricky if it is just one of you who uses the Internet. In such cases, use your discretion to split the expenses.

3. Then there are the incidental expenses. Such as, you might need to repair a part of the house. (Usually landlords should pay for such expenses but that’s not always the case-minor repairs are borne by the tenants themselves). There could be things such as festival expenses and such. These could be split as well.

4. Another major area of expense sharing between flatmates is on food. You could take turns buying or could directly split the costs according to the number of people you are. Also, food related expenses such as those of a refrigerator, water filter, dishwasher, etc. could be split up as well.

Hence, every way you look at it, it is moneysaving to have a flatmate. You also get other advantages such as more security where you live and having more people to chat with when you tend to get lonely.

Louise Servage is knowledgeable about nearly everything to do with flatmates in Australia and her one goal is to help people find share accommodations that is cost effective and suitable and helps save them money stop by today.