A roommate is a great way to save money on rent.
As rents continue to rise in Austin, the share of adult Austin residents with a roommate is at an all-time high.
Austin Culturemap reports that Austin’s median rent of $1,690 is the highest in Texas. That contributed to the increase in the percentage of adults living with a roommate to 30.4 percent from 23 percent in 2000.
San Antonio, Houston, and Dallas Fort-Worth all saw a similar increase in the number of adults with a roommate.
Texas’ number of adults living together mirrors in the country as a whole. In the US, 30 percent of adults live together, an increase from 22 percent in 2000. Nationally, renters are likely to spend 28.8 percent of their monthly income on rent, which translates to $1,432.
Los Angeles and Miami have the highest percentage of roommates, 45.5 percent and 41 percent respectively. They also have some of the highest rents in the US.
If you have to live with a roommate to save money, we have some suggestions for peaceful cohabitation.
Door or wall racks with designated shelves for each roomie is a great way to keep bathroom items separated. You can also use clear plastic stacking trays to keep objects corralled. Finally, an expandable under-the-sink organizer is a great way to use storage space that is usually ignored.
Make sure you give your roommate plenty of notice before having a guest. Your guests should be made aware of what they can use and what belongs to your housemate. Also, ensure your guest knows exactly how long they can stay and don’t abuse your roommate by having guests too often.
Discuss how finances will be handled before even signing a lease. It’s easiest to just split bills evenly. You should also decide how shared household items such as paper towels and toilet paper will be purchased. The best way to handle roommate arrangements is to sign a roommate agreement when you move in together.