How Much Rent to fee Adult Children Living at Home

Houses For Rent - How Much Rent to fee Adult Children Living at Home

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It may not be what you want to hear, but how much rent to fee your adult children living at home does depend on a few factors:

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Houses For Rent

1. What can the adult child afford? If they're living at home, they probably can't afford market rent.

2. Why is the adult child living at home? Are they going to school? If so, you may want to fee less rent than if they are working.

3. How long will they be living at home? Some parents will fee minuscule to no rent for up to three months while the adult child gets back on his or her feet after a emergency like a separation or a job loss, then start charging rent.

So, you need to talk about what's right for your family. Most foremost is that adult children living at home cover any added expenses they add to the household - higher heating bills, extra grocery costs, more gas for the car, and so on. Working out a house budget is an foremost step that allows you to see what the adult child's impact is and how they will pay for it.

If the adult child is totally unable to pay rent, you may think allowing them to lead their labor instead. Adult children living at home should always be responsible for some appropriate chores colse to the house (like cleaning their room, doing their own laundry, and cooking some meals), but you could add some extra chores -- like painting the house, cleaning the gutters, or helping with renovations, for example -- that they could do to help "pay" for their stay.

And most importantly, be sure to set a timeline for when the adult children living at home will leave. No matter how much rent they are paying, things will start to get uncomfortable if there is no plan for the adult child to get out on their own.

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