It is likely that sharing a room with a roommate allows you to reside in luxury apartments for rent uptown Oakland for a fraction of the price. These savings could be a result of living in a more desirable area of San Francisco or having more space or even being nearer to your job. Did you know that having roommates could allow you to save money not only on the cost of housing but also across the entire budget?
Today, more than 25 million people across the US are living with roommates. This is a significant change from the past decade when the majority of adults between the ages of 18 to 34 lived on their own. There are many reasons for people to choose to live in groups and the biggest reason is to reap the financial benefits.
From the possibility of splitting the costs of renting houses for rent in potrero hill to sharing expenses that you may not have considered having roommates could help you save a lot of money. Continue reading to learn how to reap the financial advantages of living with roommates.
Lower Rent
With a double amount of rent per month, You and your roommate can find better alternatives, for both the house itself as well as the surrounding area. Think of luxury appliances, dishwashers, on-site laundry facilities, and high-rises with doormen. A roommate can mean lower rental costs with a higher price. In major cities like San Francisco or New York Roommates can help you save more than $1000 every month. In other cities, such as Washington, D.C., San Diego, and Miami the savings can range from $600 to $800 per month when you have a roommate.
Cost of Furnishing
The process of furnishing a new home by hand can be expensive. You not only have to purchase the larger furniture pieces (couches, tables, chairs, etc.) as well as must replenish all necessities of the home, including pots and pans, cutlery, basic appliances, and so on. Your roommate and you may decide to share the cost for each item or be accountable for each product you need to add to your apartment for rent in uptown Oakland.
Divide the Bills
Make sure you have gas, water, WiFi, cable, and power. If you share a room with a friend, your utility and other expenses will be cut in half. Are you interested in having a Netflix and Spotify account? It’s more affordable when you share a room plus you do not have to make new friends.
Combine your Other Living Expenses
Apart from saving money on your typical, monthly houses for rent in potrero hill costs, you can save money on the cost of living with your roommates. If you commute to school or work or school, you could carpool and share the cost of gas. If you employ an expert professional cleaning company, you may divide the cost, or If you’d prefer to clean the home yourself, you could divide the cost of cleaning items (vacuum or broom, Clorox, Swiffer, etc.).
Endnotes
These are a few financial benefits of living with roommates. We hope you will find these financial benefits of living with a roommate useful.