What can I save by sharing a house with others?

18 January 2017, 15:50
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There are various costs associated with setting up, maintaining and then closing down a rented or owned home. Some are one off costs such as a deposit, agent fees, or unblocking a sink and some are regular such as quarterly utility bills, monthly broadband services and annual insurance.

So thinking about a typical home and ignoring all other personal and grocery costs here is a basic illustration per person.

Household Service

Monthly Costs (London)

Shared by two (adjusted)

Shared by three (adjusted)

Rent 1 bed

£1,000

n/a

n/a

Rent 2 bed

£1,300

£650

n/a

Rent 3 bed

£1,500

n/a

£500

Council tax

£110

£60

£50

Buildings insurance

£20

£13

£10

Water rates

£70

£40

£30

Electricity and Gas

£60

£40

£20

Broadband basics

£35

£35

£35

SkySports

£30

£30

£30

Plumber one a year

£100

£50

£33

Total

£1,425 p.p.

£918 p.p.

£708 p.p

Worth thinking about! You can make this comparison yourself for your area but the economics will be more or less be the same.

It’s Better Living Together!


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