Living with Parents???

Original post by angnick

Mar 23, 2006 09:01 AM

My parents currently rent out the basement of our home. They have offered to rent the basement to FH and i once we are married to allow us to save money faster to buy our own home. There is a separate entrance

Keep in mind i have twin 14 year old sisters, who love us to death and would want to be around most of the time..

The stipulation would be that we would pay rent, and be treated like normal tenants.

Question, FH thinks it is not a good idea because he feels we would not have enough privacy. What do you girls think? Living here would allow us to save an extra 700 a month to put toward a home..

I'm thinking this situation would last 6-9 months.. Don't you think we should try it out and see how it goes??

IslandPrincess Posted: Mar 23, 2006 10:58 AM

Re: Living with Parents???

My FH and I live with my parents now in the baesment apartment and it is great knowing we are saving money. It's really not bad at all if your parents respect your privacy and everything. Rents on LI are insane, so I would do it if I was you!

kriskev Posted: Mar 23, 2006 11:02 AM

Re: Living with Parents???

Angela! You are insane! (and I can say that because I am one of your friends!)

meliwhit Posted: Mar 23, 2006 03:58 PM

Re: Living with Parents???

I am in the same situation....my finace's parent have an apartment in their house that they are offereing to us pretty much rent free. My FH was very happy b/c we can save money this way and buy a house sooner than if we were renting. At first I wasnt too thrilled about for all the same reasons, but I think there is no harm in trying. I also think it depends on the couple...I mean I will be using the seperate entrance and try not going upstairs that often...kind of set some rules!

Good Luck!

sarahradio5 Posted: Mar 23, 2006 03:59 PM

Re: Living with Parents???

Posted by ali120206

I wouldn't do it.

me, neither... especially since your FH isn't jumping at it. It may cause arguments, and you need your privacy.

BJandDan Posted: Mar 23, 2006 04:04 PM

Re: Living with Parents???

DO IT!!!!!!! You can always move out if it doesn't work out.

MrsC2b Posted: Mar 23, 2006 04:06 PM

Re: Living with Parents???

well i moved out of my house to my fiance's parents house and we only paid $600 for rent ... but we kinda did have privacy except for the ocasional knocks on the door for stupid things... the kids foots steps, the inlaws fighting... so we moved to my parents second house... (they do not live there) and its ok... because thou its my parents house they do not live there .... my mom has offered me to move into her house in the apartment but i will not do it... i was thinking about it ... i painted a room a color that i like... then my mom freaked... obviously i decided not to go ahead and move into her apartment.... it was so obviouse that we were not going to be treated like tenants... so no i would not do it... if ur interested in a place i know an apartment complex pretty nice in babylon for $1100 all included fm me for details

EJSD2006 Posted: Mar 23, 2006 04:08 PM

Re: Living with Parents???

my parents offered us the same thing and FH said no because firstly we would never have privacy. And secondly, he would never feel like it was 'his home'. He always thinks of it as my parents house so he would never be able to say 'i'm home'. He wants something that is just for us and I have to agree with him.

Meaghan729 Posted: Mar 23, 2006 04:09 PM

Re: Living with Parents???

IF you think you will get your privacy, I would do it.

If you think that your family will be hanging out in your apartment all day - I wouldnt.

IF I had to move into my FH's house with an apartment, I know that the FIL's would give us our privacy - my house, on the otherhand, everyone would be barging in!!

Maybride519 Posted: Mar 23, 2006 04:22 PM

Re: Living with Parents???

I would only do it if you would be paying less rent that in a normal situation with someone who was not family. 6-9 months will go by fast. I think it is worth a shot at least.

DAVALJO2 Posted: Mar 23, 2006 04:25 PM

Re: Living with Parents???

Dh and i had the same issue. My parents offered us their basement for free, we knew we would have to give something anyway, so we decided to get our own place. We also decided if in the future we realized that it was to hard to save for a house, then we would move in with them for 6 months to save up. I would really suggest you get your own place, and start your new life together alone. Its been 5 months, and we're so happy we made that decision.

MrsD06 Posted: Mar 23, 2006 05:42 PM

Re: Living with Parents???

FH and I live with his parents and we don't even have our own apartment!!
We did it to save $$ for the wedding and I was dreading it b/c we did it a few years ago before we had our own place and it feels like a step backwards in a lot of ways..BUT we are saving a TON of money and it is actually really cool 99% of the time. I love having them around they are so great! We do pay rent but it is a lot less than we would for an apartment and it includes food, 'utlities', etc.
the only negative is we really don't have complete privacy, but we knew that going into it. It's a sacrifice and it's not forever. Also, sometimes it's annoying when family or friends pop over and visit..I feel like we live at Grand Central Station sometimes but like I said, it's not forever and for is it's mostly a positive thing.

Calimali Posted: Mar 23, 2006 07:10 PM

Re: Living with Parents???

I dont think its a great idea! If you will be paying rent to your parents, you might as well pay rent to someone else! However, if it were RENT FREE, I'd say it MAY be a good idea, depending on your relationship with you parents and your FH's relationship with them. Also, are you parents the type to leave you alone, or always into you business and giving unwanted opinions?

Mrs. dleeny Posted: Mar 23, 2006 07:13 PM

Re: Living with Parents???

the answer is.... well, you need to decide. only you know what kind of relatioship you'll have with them after you're renting from them. everyone is different.

a friend of mine lived in her IL's basement apt for 4 YEARS and paid $400 a month rent. it worked out for them since they were able to buy a house on 1 income, RARE on LI!

reenielady Posted: Mar 23, 2006 08:50 PM

Re: Living with Parents???

If you think your parents and sisters will respect your privacy i would go for it - but definately set a must move out day by. you wouldn't want to get to comfy. Remeber you should set the rules in the beginning and never waiver. It is a great way to save some money. Also if you were to rent an apt if would probably have to sign a lease for at least a year.

Good Luck

Boston&NY2006 Posted: Mar 23, 2006 08:56 PM

Re: Living with Parents???

As long as they'll give you your privacy, I think it would be fine for a short amount of time. Even if you're only going to save a little over $6000 by doing it, that's still a HUGE amount of extra money to have when you're buying a house. Even if you just use it for furniture or little renovations when you move in, it will definitely be nice to have.

It's definitely really important that you'll have your own privacy, so maybe you should set some ground rules with your parents and sisters before you move in.,

anglbyme Posted: Mar 23, 2006 09:00 PM

Re: Living with Parents???

I say suck it up it's only 6-9 months and yes you will pay rent somewhere else but it will not be as Cheap! It will benefit you in the long run. Just don't answer your door!
Good Luck

mskittynj Posted: Mar 23, 2006 09:12 PM

Re: Living with Parents???

Well there are 2 really valid points to this. You can save a good chunk of money BUT you would probably not have much privacy as newlyweds so I guess you gotta make a decision in what's best for your situation. But you know what if parents REALLLLLLLLLLLLLLY wanted to help they would let you live there for free for 6 months.....(although I can see they need the money too) I dunno thats just my opinion.
XOXOXO
Kitty

bride2b24 Posted: Mar 23, 2006 09:14 PM

Re: Living with Parents???

i dont think i would either......

beautyq115 Posted: Mar 23, 2006 09:16 PM

Re: Living with Parents???

Someone at work suggested that my FI and I do this...but not in the set up your parents have..but like in the house with them without seperate space.....and they were offended when I said no because they had done this and loved it...

..If either of our parents had a set up like you are speaking of I honestly would try it in the interest of saving money!

ZuzusPetals Posted: Mar 23, 2006 09:44 PM

Re: Living with Parents???

Its a worth a shot! You know how expensive houses are around here. PLus renting is a small fortune and its hard to save money when your shelling out 1,100+! If I was you, I would do it - save the money and be on your own. You will get everything you need in time. Now is the time to make sacrifices. I feel a lot of people I know refuse to make sacrifices and make WRONG decisions.