Moving out of your parents’ home can be a daunting thought. After all, you may have spent many decades at the address and your parents may have catered to your every need. While standing on your own two feet can seem a little overwhelming, it is essential to do so to enjoy greater independence.
If you feel ready to live alone or with roommates, read the following advice on how to smoothly move out of your parents’ house.
Improve Your Credit Score
It doesn’t matter if you’re planning to rent or buy a property, you’ll need a good credit score to receive the keys to a new address. Banks will often reject a mortgage application for budding homeowners who have a poor credit history.
If renting is better for your needs and budget, you should be aware that many property managers and landlords will run a credit check before you sign a lease. They will then use your credit score to consider if you will pay your rent on time. If you do have a bad credit score, they might require a co-signer with good credit to sign the lease, too.
It is therefore a wise idea to improve your credit score before you move out of the family home. For instance:
- Don’t miss a credit repayment
- Pay off any outstanding debt
- Don’t apply for any credit before an application
- Register to vote
- Don’t withdraw money on credit cards
Identify Your Budget
You’ll likely develop a greater appreciation for your parents when you move out of their house, as you’ll realize how much money and effort it takes to run a home. Before you start looking at properties, you must identify your budget.
Your income should ensure you are comfortable to pay your rent or mortgage each month, and you also must factor in the below expenses:
- Furniture and furnishing costs
- Moving expenses
- Home improvement fees
- Transportation costs
Find the Perfect Property
It is important to research different properties when looking for a house to buy or rent. While it should be aesthetically-pleasing, it should have no structural, electrical, or plumbing problems. Also, consider its access to public transport and its proximity to local stores, parks, and entertainment venues. If you feel ready to view different homes to rent or buy, you can choose from a wide variety of properties at Kenya Property Centre.
Talk to Your Parents
It is courtesy to talk to your parents about moving out of their home. If you spring the fact you’re moving once you’ve received the keys to your new address, they could be hurt by your actions and lack of thought. While they might be happy for you to gain more independence, they also could be upset at the thought of you becoming an adult and leaving the family home for good.
If you have your heart set on leaving, communicate your plans to your parents and try to involve them in the process, if possible. It could help them to accept the fact that you’re starting a new chapter of your life.