Should you share your home with roommates? Ultimately, it is not an easy decision to make, there are pros and cons to living with roommates, all of which need to be carefully considered before you decide. The section below outlines some of the most important factors that you should consider when deciding whether or not you want to welcome other people into your home.
1. Do you have enough space?
Living with roommates is usually a lot easier if you have enough room to avoid having to be around them all of the time. For instance, if you have a basement area that is separate from your main living area, renting that space out may work out quite well. You and your roommates can lead separate lives, interacting only when you use the common areas like the kitchen when sharing the filter or bean to cup coffee machine.
On the other hand, if all of your bedrooms are located next to one another and there is no separation between the spaces, you may find it much more difficult to live with people that you don’t know well since you will be forced to interact much more frequently.
2. Do you need help paying your mortgage?
Renting out part of your house is a great way to earn additional income that you can use toward your monthly mortgage payments. In fact, many people take on roommates as a way of paying off their mortgage more quickly. Being able to apply extra money to your mortgage payment each month can help you pay down your loan in a fraction of the time, helping you own your house free-and-clear much faster than you could on your own.
Extra rental income can also be beneficial if you take a pay cut at work or if you lose your job. Having a consistent source of money coming in can provide you with additional financial security.
3. Are you an extrovert or an introvert?
Typically, extroverts do much better with roommates than introverts. Most introverts value their personal time and enjoy privacy. In a situation where you are living with other people, you may find that you are constantly surrounded by others. This can be extremely challenging unless you are an extrovert.
Be sure to consider these factors from Big Home Appliances Online before deciding whether or not you should share your home with roommates. By evaluating your current living situation, your financial situation, and your personality traits, you should be able to decide whether or not you would do well living with other people.