The room will only be about 10 by 10. Granted I will have the run of the house but this should be cheaper than an apartment shouldn't it. He was throwing around numbers of $450 or $500 plus splitting utilities. His payment is $1200. This seems like a lot to pay to rent a room in a friends house. Is there some kind of formula or a suggested amount?
2006-10-26 06:22:49 · 4 answers · asked by jabajabaduaba 1 in Home & Garden ➔ Other - Home & Garden
Usually, when you see and add for a "room for rent" it means that is your living space; just that room and a bathroom. Usually you get "kitchen privileges" too, but the understanding is that you keep pretty much to your area.
If you are going to have equal access to the house as a full "roomate" a larger rent payment would be fair. You probably have a smaller room and no private bath, your friend has ultimate decesion making authority, plus your are not paying equity into the house, so you should certainly pay less than your friend.
I would think that $400 to $450 plus half utilities would be fair, if it is a nice house. That is still cheaper than most apartments (at least where I live) and you will get more space.
2006-10-26 06:39:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Real estate & rentals are totally supply and demand based. Even if he had $0 payment, he is entitiled to charge whatever he wants & a tenant will agree to pay.
As the 'quality' of houses vary widely as do the economies of different cities . . . the only way to determine for your location is to go see other comperable rooms rent for. In San Francisco you would get a bunk bed in a shared room for $500.
2006-10-26 13:34:25 · answer #2 · answered by kate 7 · 0⤊ 0⤋
I had a friend move into my house in Minneapolis, he never paid me anything. He had the run of the house with full cooking privledges, he smoke though and I didn't so he kept to his room mostly. He was waiting on a settlement from SSI and used to even borrow money. I take that back, I did get a check once from the welfare for his damage deposit. I don't feel bad about helping him. Everything he got had to go toward paying on his ex's Corvette. I felt sorry for the guy.
2006-10-26 13:32:15 · answer #3 · answered by Thomas S 6 · 0⤊ 0⤋
Look in the newspaper under Rooms For Rent and see what they are going for. Compare the area you are living in with those in the paper. Also, size of house and what it has to offer. Consider what you are looking for and your budget. Would your friend also be renting to someone else at any time? That could change the figure as well.
2006-10-26 13:27:29 · answer #4 · answered by Claire 1 · 1⤊ 0⤋