Average Cost To Move Out Of Parents’ House
Published by Chris Townsend
Are you ready to gain the freedom of moving out of your parents’ house? Do you want to know the average cost to move out of parents house so you can start planning your budget to move out and get your own place?
While you could look at the cost of moving as a part of the cost to move out of your parents’ house, it will only get you so far. If you are wondering how much does it cost to move out of your parent's house, there is no exact figure for this. The cheapest way to move out of your parent's house is to get your friends to carry all your things in a car.
The average cost of moving out of your parents’ house has to include other expenses, such as a deposit for a place to live, monthly rent, utilities, actual moving costs, moving supplies, and more. Let's look at what you might need to consider and the actual cost of moving out.
How Much Does It Cost To Move Out Of Your Parent's House
According to ApartmentTherapy.com, you can gain your freedom for a cost of $2,300 to $3,575. The average cost to move out of parents house depends on where you are and your living situation when you move out. As a younger adult moving out of your parents’ house, you will likely live with some roommates and pay $575 to $715 per month in rent.
The larger amount you need to actually move out covers the cost of moving supplies, deposits, hiring two movers, and other moving expenses. It will become higher in larger cities or if you plan to live on your own.
You should also consider having an emergency fund before you move out of your parent's house. You might need to have three months’ worth of bills in the bank to feel comfortable moving out on your own. This is a smart way to leave the security of mom and dad's house.
Costs to Consider When Apartment/House Hunting
You will likely be renting a home or apartment with roommates when you move out of your mom and dad's home. Expect to pay an application fee from $20 to $100, along with a rental deposit equal to half or one month of the rental cost.
Along with these costs, expect to pay a pet deposit (if you want to have pets) of $100 to $300 per pet. Utility companies may also charge a deposit anywhere from $50 to $200, depending on the actual home you choose.
Get the fees you will need to pay from the apartment complex or landlord upfront. Make sure you know the total amount needed to move in and when the first month's rent will be due.
Actual Moving Costs
Along with the costs for your new place to live, you need to include your moving expenses into the average cost to move out of parents house. This amount will vary, depending on where you're moving to.
If you're moving to the same area as your parent's house, it will cost less than if you move across the country or at least out of state. For a local move, expect to pay $100 to $200 if you rent a moving truck or up to $1,500 for a local moving company.
Long-distance moves will cost more since it's a one-way truck rental. You can expect to pay at least $1,000 for a long-distance move, even if you simply rent a moving truck which is typically the cheapest way to move. Full-service moving companies will cost even more. But Three Movers moving company consists of professional movers and provides services at the most affordable rates suited for students.
It's also important to consider where you will get furniture, paying for renter's insurance, and anything else you will need for your new home. While the average cost of moving out of your parents’ house can be helpful, do the math and figure out what it will actually cost you.
Tips for students moving out of their house
Find a suitable place to live
The first thing to do before moving out of your home is to find a suitable place to live. Find a place that is of reasonable cost. Make sure it is closer to your college so it's easier for you to travel daily. Also, try to find roommates to live with. It will make your stay easier. Having a roommate will help in a lot of things. Be very careful while choosing a roommate. Have a thorough check before letting anyone share a house with you. It’s better to share with someone you already know.
Manage your expenses
Since you're away from home, you have to make sure you don't overspend. You have to know how much you earn and how much is appropriate to spend every month. Track your monthly expenses and income and stay within your budget. Make sure you have spare money to spend during emergencies. Also, don't spend money on stuff that isn't necessary. Keep the month’s rent aside to pay rent and also separate some money for groceries and important stuff.
Get rid of unwanted stuff
Make sure to leave back your old and unwanted stuff back at home. No need to carry your childhood bed with you. Also, do not bring junk stuff with you. This will only cost you more money during the move and will create a storage issue afterward. So, maybe arrange a garage sale or a yard sale to sell things that you don't need anymore. This way you can make a few extra bucks and also get rid of unwanted things. Or you can simply donate your things to the needy.
Get a part time job
As a student, you don't have enough time to work full time. So, just find a part-time job to support yourself financially. Try to find a job closer to the place you live and your college so you can save time during travels from one place to another. Use the opportunity to learn new skills, make new friends, working towards your dream while still making some money.
Ask for help
You're away from home and in a totally new territory. You could sometimes land in trouble unexpectedly. Don't hesitate to ask for help from friends and relatives. Also, call your parents if you are having an inconvenience with anything. It's absolutely okay to ask for help.
Since you never lived alone, you could get confused about getting around with things. Call your parents to ask for help, I'm sure they'll be happy to help.
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