any tips on moving out of parents home?

Question

I need help with moving out of my folks house(1st time).I will be having a rommie but she mostly wants to rent out a house more than an apartment but is flexable with either choice.I have an apartment in mind which is nice and not too terribly expensive.It's a place where i'd feel comfortable living.What i'm worried about is getting the place since i don't know about my credit due to my dad messing things up with my name.I'm thinking about getting another job in the meanwhile.I just don't want to move out and then forced to move back in.I know it's my time to leave the nest.Any suggestions or steps?

Answer 1

Plan ahead.

First thing you might do is check freecreditreport.com to see how you really stack up credit-wise... you can also contact the credit agencies and tell them your story.

You can also begin building your credit by getting a credit card and making small purchases a couple of times a month (Taco Bell, maybe some socks) and paying it off in full and on time... this is how you build a credit rating.
Another thing, if you can afford it, would be to get a cell-phone, since that involves an account... and you can build a credit history with them, too.

Having a job, a checking and savings account also help you in the credit qualifying thing when renting an apartment. That is one of the first things they will ask you. Either house or apartment will want a deposit... often equal to first + last month's rent, but sometimes only one month rent.

I agree that an apartment would probably be a better choice because there is no yard to maintain. You only need the yard if you are planning a lot of outdoor entertaining, but an apartment courtyard will do that job, too. Sometimes it is easier to rent a house from an individual than an apartment. If you have a 3-bedroom house, you can probably get a 3rd room-mate.

Answer 2

2

Answer 3

Is there anyway you can contact the rental office of this apt. complex and explain the situation? You might need to "reserve an apartment" anyway. Have you checked on the availability yet?

If you rent this apartment or any apartment you need to ask what the rent includes.
Does it include the water?
Are the Utilities including (electric and does it have a gas stove or gas furnance)

You have to think about the costs of:
You deposit will more than likely be one months rent up front plus the first months rent, they may ask for 2 months rent upfront if your credit is bad. ASK.

Monthly Rent
Electric/Gas
Water
Cable/Internet
Home Phone and deposit
Washer/Dryer in the apt? Or in the basement that takes cash?

I would first off suggest getting a free copy of your credit report. There are ways to get your credit repaired. Try and take out a credit card, charge a few tanks of gas on it and pay it off.
don't overdo it, you want to be "on time" with your payments.

Even if you rent a house, they will more than likely run your credit. I can see your monthly expenses above, being much more in a house than an apartment.
you'll have yard work to do, depending on where you live, snow to shovel to get out of your driveway.
There's just more "up keep" and expenses even renting a house rather than an apartment.
we have apt.s in my area that include, trash, water, electric and Cable hookup.
So always ask when checking out the places.

And you might want to suggest your roommate go on the lease first if her credit is better than yours.

Like I said, contact them now, find out ALL the costs, est. your monthly expenses based on what the apartment doesn't cover, and make sure your montly net income is enough to cover everything only for a realist view of what's coming.

When renting, they actually use ratio factors in determing if you can afford the rent. It varys from state to state I'm sure, but I use to be a realtor and was the top rental agent.

I'm not sure how your dad ruined "your credit" can you be more specific? If not, that's ok, I'm just glad to see you start making that move to become independant.

You are smart to ask up front, already realize the impact on your credit issues, that you may not get the apt. & don't want to have to move back home.

So, I think if you two call and get the $ , it sounds pretty good, go and look at a unit or two if available and you haven't already, see if you can't have your credit run now and reserve the apt.
I'm sure they will be very impressed, it's just a matter of getting the right person at the right time. I know I did :)

Good luck to you and be safe :)

Answer 4

I'd stay and save as much $ as you could first....I'd keep a handle on my credit and not let anyone access to my finances...mail...etc....then...I'd move out totally on my own......why leave home and move in with someone that you have to depend on to survive.....chances are they will do things that will affect your life because you need them......move out when all you need is you......that would be the ideal....move where you want...decorate your way...invite over only those you like.....pay your own way.....that's kind a what I think......

Answer 5

i would really wait untill your finacial stable and make sure if ur roomie moves out you still can afford everything on your own so you wont have to move back in and budget your money dont spend it all incase something happens were you need it for a emergeny or something

Answer 6

Rent-To-Own Homes : http://RentToOwnHome.uzaev.com/?VdeR