Renting

TallGlass

Looking to move out, living in Dublin. I don't want to live in Dublin City Center in the 500/600€ bedsits as it's not practical for me, I don't mind a bedsit outside the city center once its modern looking and has some room.

I get paid 1700P/M, have a car and bank loan want to go college in September but also want to move out.

The best I am seeing around for places I like is around 900/1000€ P/M. Could I do it? What do people think, anyone here paid 1700€ and renting @ 1K P/M.

I'm not sure if it will work, between bills (car, utility's, food, some social and college)

Any advise? Hopefully looking to move out in July.

Cheers.

Lia_lia

Have you considered a house share? That seems like crazy money tbh! My rent is 900 per month and that is shared between myself and my boyfriend, and we earn more than that each.

Taboola

+ 1 to a house share. I think leaving yourself only 700 a month isn't the best idea. You need to factor in ESB/TV/internet/bins etc + food.

MarkAnthony

700 per month with a bank and car loan (or simply car running costs) madness IMO. I'd get a house share personally.

TallGlass

Just to update this. Iv found a place for 800€ p/m close to home so good for work and college. It's all bills included. So would leave me around 1000 p/m. My bank loan is cleared now so only monthly out goings is running the car. Which is working out around 160€ p/m fuel, insurence and tax. What do you good people think? I looked at houses shares, but I am not so keen on the idea.

Penny Tration

Then you're looking at about the same amount for bills. So 1,100 gone, leaving you with 600 for food, medical bills that may crop up, socialising, and everything else.

You'd be mental. You shouldn't spend more than a third of your wage on rent.

I'd stay living at home if I was you. There is no way I'd be spending money on rent if I lived close enough to home commute to work/college.

You can be saving all the money you would spend on rent rather than not being able to save anything and scraping by every month and having to watch every cent you spend.

Humour Me

I'm making €1700 a month and paying €800 for a studio and I wouldn't be able to cope if I didn't have savings to back me up each month. At least €300 of my rent is coming from my savings. I don't have a car either so my expenses are UPC, ESB and mobile and I am counting down the days to payday every month.

I don't think you realise how expensive it can be living alone. At least with a house share the bills are split. If your looking to go back to college you should be focusing on building up your savings now.

MrMaki

What about savings?
do you want to live in a rented accommodation forever?

I would rent a 2 bed place and share with one other easygoing person, and put 400, 500 a month onto saving account. Once u get better salary you can consider living on your own.

anyway thats just my point of view...

Squall Leonhart

Wow. I don't mean to intrude but I'm wondering how is that a sustainable plan? 300 a month of savings disappearing like that seems to be a scary way to go on, is your savings pot huge or is this a temp situation? House sharing not an option? 47% if your income is spent on rent :-/

Mrs OBumble

Sell the car. Buy a bicycle.

Humour Me

It's a temporary situation. Made a decision to retrain in a new area a few years ago and knowing that it would mean a pay cut for a few years, I saved as much as possible. Have a pot there to support me while I retrain and have the potential of much higher salary in the future than I had in my last role.
Another year and I won't need to access my savings anymore and can start building them up again.

TallGlass

Mrs OBumble wrote: »

Sell the car. Buy a bicycle.

I have both and use both. I need the car for the early morning starts 4/5am. Other than that I generally bicycle !

TallGlass

I have savings of 5k was looking at getting a mortgage in about a year or two. But my father is an alcoholic and the situation at home, I just need to leave its unbearable. And not in the sense he is abusive, yes he shouts and moans, but I cant watch him basically kill himself off he's been hospitalised numourus times and still he continues and lives in self pitty drinking vodka straight about 500mls a day in 'secret'. That's half another reason I want to go it alone, just to get my head straight again.

I downgraded my car and got a new job full time and still haven't got the cash to move out or even get a mortgage. It's unreal, its like every move I made another problem develops. I based all my calculations on rent at 650/700pm now it's shot up too 1000/1100 p/m.

How can people be expected to live like this!

Nomis21

House share is better if you can rent a 3/4 bed house yourself and then choose your own housemates. That's what I did when I lived in Dublin and it worked well.

Penny Tration

Why aren't you even considering house shares? A house share would get you out of home, with the ability to continue saving. And continuity of savings is quite important for when you eventually apply for a mortgage

TallGlass

I will have to find a job that pays more, maybe in the 30-35k range. As a matter of interest, dose anyone live alone or usually move out with a partner or friend?

I was actually toying with the idea of buying a mobile home on site and living it while saving away.

Mrs OBumble

Most people house-share, for a while anyway.

If you're coming out of a disfunctional house, then living with normal people is likely to be not nearly as bad as you think. And is a lot more affordable.

Try talking to people at Al-Anon and see what they advise re house-sharing etc.

johnnyskeleton

TallGlass wrote: »

I will have to find a job that pays more, maybe in the 30-35k range. As a matter of interest, dose anyone live alone or usually move out with a partner or friend?

I was actually toying with the idea of buying a mobile home on site and living it while saving away.

House shared first, rented alone when i could afford it. Renting alone costs a small fortune. Its worth it if you can afford it but the benefits of sharing are usually better. Not least there are people for you to chat to when you get home of an evening (if you like). Living alone can drive some people a bit potty and they start having conversations with the plants.

MarkAnthony

TallGlass wrote: »

I based all my calculations on rent at 650/700pm now it's shot up too 1000/1100 p/m.

How can people be expected to live like this!

You're in comfortable, rent a room territory. You should be able to get a decent, large, en suite room for around €600 a month that will give you plenty of privacy. Typically people don't move into one beds unless it's with a partner, main due to cost I suppose.

My brother lived in a mobile home for a couple of years in a very sheltered area of the SE of England. You have to be insane to do it here IMO. You're going to spend bazillions on heating!

Really you strike me as a youngish guy, reasonable prospects but unrealistic expectations of what a more junior/PT role gets you. You mentioned you want to get a mortgage. You mentioned you need to secure a job in the 35K range - depending on your quals that maybe easier said than done. Even if you do it'll be 6 months to a year before banks look at you for a mortgage and to afford somewhere decent you'll want a good deposit. You'll have c.120K loan to play with, you'll want at least 30K to add to that in regards a deposit + all the expenses of buying/moving/setting up.

Tar.Aldarion

TallGlass wrote: »

Just to update this. Iv found a place for 800€ p/m close to home so good for work and college. It's all bills included. So would leave me around 1000 p/m. My bank loan is cleared now so only monthly out goings is running the car. Which is working out around 160€ p/m fuel, insurence and tax. What do you good people think? I looked at houses shares, but I am not so keen on the idea.

800 all bills included is a good deal, I'd go for that. Some people don't want to house share so telling them to do that is pointless. I wouldn't house share and I had a 1 bed apartment when i was paid similar to you. I wouldn't run a car like you though, could you change the early morning starts to bike too?

Even if you don't 740pm is doable for your expenses if you live a bit frugally while waiting to earn more..

Dublin21

When I lived on my own (some years back ) I was getting about 2k net per month and had a car also. My rent was 900e and I struggled nearly every month. So much so that I had to sell my car.

All it takes is one month of finances being knocked, I.e an event, a trip to the doctors, something goes wrong with the car and that's it. It will be extremely hard to get back on track because the next month you are still paying for the previous months bill etc etc.
If I were to do it again I would either share or get rid of the car before you move in.

scdublin

Sorry to hear things aren't great at home - I understand why you'd want to get out of there either way. Why don't you try a house share, even for a few months? There are a lot of working professionals out there looking to share houses and you could end up really enjoying the social side of it. If that doesn't work out, at least you gave it a go and you're out of your current home situation. It will also make you more aware of how much money goes on bills and all that extra stuff and how much realistically you could afford to spend if you live on your own.

Saudade

TallGlass wrote: »

I get paid 1700P/M, have a car and bank loan want to go college in September but also want to move out.

The best I am seeing around for places I like is around 900/1000€ P/M. Could I do it? What do people think, anyone here paid 1700€ and renting @ 1K P/M.

I'm not sure if it will work, between bills (car, utility's, food, some social and college)

Any advise? Hopefully looking to move out in July.

Hi TallGlass, sorry to hear about your difficulties at home.

My rent is €1180 and my net salary is €1880. It's difficult, and I haven't been able to save this past 12 months, but I also haven't had to dip into any savings, so I've just about broke even every month. But I wouldn't advice this. In this day and age, I think it's so important to start saving as much and as early as you can.

I don't have a car, I don't have any mobile broadband contract, and I don't have satellite or cable television. But I still have electricity, internet, food, leap card, tv license, phone credit, now water, plus cleaning and hygienic products. These come to at least €400 a month to me. Leaves me with €200 - €300 a month, if I'm lucky. So it's tight enough.

If you're unsure about the finances, definitely don't sign any 12 month lease as you may have difficulties getting any deposit back if you had to leave early because of money issues.

The first thing I would do is sit down with a pen and paper and calculate estimates for your expenses. I would first look at getting rid of the car though.

As others have said, you can look into a house share. Or if you only want to share with one other person, you can look into renting an en-suite in a two bedroom apartment. It depends on your personality.

I know I should be living in a house with other peoples, and then I could be saving €1000 a month, but I've had some personal problems and needed a lot of time on my own. But after Christmas I will have to look into sharing.

But I would advice to go for the option which leaves the most amount of cash in your bank account. In one year time you will look back and be really grateful for that lovely nest egg, which could go towards a mortgage.

Good luck with everything, you will be ok :-)

TallGlass

Ok so seemingly the general consensus is a house share. Looking at them the price is low and I suppose I would give it a go. Just a few questions. How do they work? Like noise wise, cooking, using the washing machine etc.. Would I be allowed have a big TV in my room along with my computer? Should I pay extra money for this? Can the GF stay over a few nights a week? I start early in the morning 5am/6am would it be okay to let her stay on and then go to work with me not there or is that a no no ? Do I have my own key to my door to my room? If so, do you lock it. Stupid questions I know.

I seen a house share up the road from me for around 350€ P/M including bills.

I suppose I don't mind the idea, my only issue would be moving in and there been some wack job living in the house.

TallGlass

MarkAnthony wrote: »

You're in comfortable, rent a room territory. You should be able to get a decent, large, en suite room for around €600 a month that will give you plenty of privacy. Typically people don't move into one beds unless it's with a partner, main due to cost I suppose.

My brother lived in a mobile home for a couple of years in a very sheltered area of the SE of England. You have to be insane to do it here IMO. You're going to spend bazillions on heating!

Really you strike me as a youngish guy, reasonable prospects but unrealistic expectations of what a more junior/PT role gets you. You mentioned you want to get a mortgage. You mentioned you need to secure a job in the 35K range - depending on your quals that maybe easier said than done. Even if you do it'll be 6 months to a year before banks look at you for a mortgage and to afford somewhere decent you'll want a good deposit. You'll have c.120K loan to play with, you'll want at least 30K to add to that in regards a deposit + all the expenses of buying/moving/setting up.

Thanks ! I am not to sure about the expectations part of the junior/pt roles gets me. Think its regards the 24k, I suppose 24k to me was alot around a year back, as I moved from a PT role in a supermarket on say 18k a year to this.

Regards the buying, the problem is even if I had 120k, there's not a lot I can get with that money. But, I will continue on saving for another year or two maybe three/four if I move out.

Sala

House rules vary by house. There is no problem having your tv in your room once you're not blaring it when your housemates are trying to sleep. Ideally try to find a place with other 20- somethings in a similar situation ie. If you share with 2 other 25 year old lads with girlfriends there may be no issue, but some houses would have an issue with this. Ask the questions.

And you need a life- you are way too young to spend all your money on rent and bills. A house share should leave you with some money for the cinema, a few drinks etc

TallGlass

Cheers, I will look into the house share. Its the more sensible choice really.

F412

Sala wrote: »

once you're not blaring it when your housemates are trying to sleep.

Similar to this with having extremely early starts (you mentioned 5/6am) you should try to keep in mind most will be still sleeping at this time so you should try to be as quiet as possible.

Mrs OBumble

Maybe see if anyone you work with is looking for a housemate? When people are doing shift work, sometimes other shift workers can be more understanding to live with.

TallGlass

Ah I am generally quite in the mornings. Have everything ready to go and I am out the door, I stay in the GF family home during the week and never any complaints.