My Perfect Mortgage
How to know its time to move out of your parents’ house?
3 minute read
December 5, 2016

At some point, you need to get a place of your own.

It’s nice living with your parents. You might get free room and board. Maybe even laundry service. Even if you have to pay a small amount in rent or help with chores, you might feel like you are ahead to live with your parents.

However, eventually, we all need to grow up and move out of our parents’. Moving on is a part of life, and you’ll be happier and healthier in the long run. Here are some of the signs that it’s time to get your own place:

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You Can Afford to Live On Your Own

Living with your parents can help you save money. Maybe you’re saving up for a down payment on a home, or you’re hoping to save up for a car. Perhaps you are trying to put a serious dent in your debt. Once you hit your goals, though, it’s time to move out.

Look at your finances. Can you afford to live on your own? If you have a job and you can afford the prices in your local market, for renting or buying, it’s time to move out. You probably aren’t moving on with your life if you are just using mom and dad as a way to save money for entertainment and you spend a lot of time playing video games on the couch.

Figure out where you stand, and work toward becoming financially solvent enough to move out. You can even consider getting a roommate if you aren’t sure about affording a rental entirely on your own. There’s no shame in that.

You Want More Privacy

Are you tired of feeling like your parents are always in your business? You can get around that by moving out.

Let’s be real: you live in your parents’ house. They pay for a lot of your lifestyle. It’s their home -- and their rules. If you want to be treated like an adult, you need to act like one. Mooching off your parents for everything means that they have a bit of a right to make the rules and ask you to help out.

If you are starting a relationship with someone, you probably want a little privacy anyway. Your significant other probably doesn’t want to move into your parents’ house. When you reach a certain point in a relationship, privacy is important, and you might find it’s time to move out of your parents’ house.

Where Will You Put Your Stuff?

Have you been collecting stuff? Most of us end up with more stuff over time. If you are reaching a point where you can’t cram it all into your childhood bedroom, that’s probably a pretty good clue that it’s time to move out. Plus, once you have your own place, you can arrange your stuff any way you want.

You’re Ready for Another Chapter

Do you feel like you are ready to be your own person? Are you ready for what’s next in your life? This is the biggest reason to move out of your parents’. There might be signs that you are ready, including more arguing with your parents. In many cases, your relationship with your parents will improve once you have a little more space and it looks like you are moving forward with your life.

If you feel like you’re stagnating, and you want to move on to bigger and better things, that might be a good indicator that you need a change of pace. Get out there and be your own person. Your parents have (hopefully) raised you to be independent and make good choices. Now, you can move forward with the next chapter of your life.

Our advise is based on experience in the mortgage industry and we are dedicated to helping you achieve your goal of owning a home. We may receive compensation from partner banks when you view mortgage rates listed on our website.