When I move out?

Question

Ok, when Im done with college, Im projecting that I wil earn about 25,000-30,000 a year. Is this enough for a one bedroom house? Or should I stay with an apartment? Is it smart to go for a small house with one income?

Answer 1

read your question, then read it again, you have supplied no specifics. This is probably the best example of the impossible question to answer that i have seen in years

Answer 2

It depends on where you live. In Miami it would be impossible to find a decent house in a decent neighborhood on your income. Remember, too, that a house will require lawn maintenance which means a lawn mower and time to mow it:) Electric, gas and water may also be a bit higher with a house, depending on the size. If you're asking about buying a house, you won't have a 2 year employment history in order to qualify. Save your money for a down payment, pay all of your bills on time and don't get into debt with credit cards. If you follow these suggestions, you'll have a good chance of buying a small home in a couple of years.

So, an apartment would probably be your best bet until you get you feet securely planted in your new occupation. Or, consider sharing a townhouse or small home and split the expenses and rent.

Congratulations on your graduation, I'm assuming it will be this spring. Good luck, good life.

Answer 3

It depends on where you're living - in New York City or LA, figure on finding a roommate - in many other parts of the country, you cold afford an apartment. Save up money for a down payment for a house - you'll need some money for a down payment and closing costs, and a decent credit rating,to get a mortgage.

Answer 4

I think you should live in a apartment then when you get married you can add up money to get a real house! if you are married then do what is comfortable with the both of you!