Adulting 101: Three tips for finding your own ‘space’

By Sydney Horton
Times-News correspondent 


Moving out of your parents' house and into your own is an important step toward adulthood. [Metro Creative Graphics

Editor’s note: This is a continuation of Sydney Horton’s Adulting 101 series.
The biggest and scariest next step of adulthood is moving out. These three tips should help soften the blow of taking that leap.
 1. Location — This is probably the hardest part of moving out. You’ve likely become so accustomed to your parents’ home that living in a new area seems daunting. Pick a centrally located place if you don’t mind travel. The benefit of living in a centrally located area is that you aren’t that far from most of the excitement of the cities, but you’re also not totally isolated in the country. If you’d rather walk, pick downtown locations, you’re more likely to be within walking distance to most shops or restaurants.
 2. Rent and mortgages — Renting is great if you’re just starting out. However, to make sure you’re totally ready to move out, make sure you have enough saved up for the deposit, as well as first month’s rent, plus utilities and emergency payments. If you have enough, you can start pricing what fits best in your budget.
Try to stay just below or right at your budget. Going over even by $500 to $1,000 can break the bank and you’ll have to start making budget cuts to make up for the financial defect. Always pay your rent on time and don’t be afraid to bargain for lower rates due to cosmetic damages on the property.
Mortgages are similar to rent, except you own a home. To obtain a mortgage, you calculate the value of the property you want to buy and finance what you can afford through the bank or a lending company. However, most mortgages are going to be calculated based on your credit and what you can afford based on income. Most mortgages are between $500 to $800 a month. If you’d rather buy a home, save up the amount you would be spending on rent and place that into a secured account with your bank. The terms and conditions on mortgages can be confusing, you can always have a property and taxation attorney go over the terms with you.
 3. Furniture — When you’re just starting out, you may not have $5,000 to spend on furniture. Don’t be afraid to shop at secondhand stores and follow a simple DIY (do-it-yourself) project on YouTube to take a $50 couch and turn it into a $500 couch. A lot of places also offer leasing with furniture, be cautious with leases. You don’t want to be stuck paying for a couch that you like six months ago but now hate.
Hopefully with these provided tips you’ll have a better grasp on the cost of moving out.

Sydney Horton is a Michigan State University student and a Teens & 20s writer.

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