Tips For Sharing Living Costs With Roommates

April 26, 2018

Furniture And Decorations

Dreamstime

Deciding how to split furniture and decorations can be tricky, so you should decide from the beginning who will be the one to keep these items after the lease is over. This individual should pay most of the initial cost, or even the entire cost depending on the item in question, though it is not unheard of to ask for a small fee to help cover the cost of replacing appliances or other big ticket items everyone in the household will use.Of course, decorations can cause other issues if roommates do not have the same taste. Any decorations in individual rooms should only be paid for by the person whose room it is. Decorations in communal rooms can be rotated if necessary, in which case each round would be paid for by one roommate, or decided upon as a group and treated the same as furniture regarding who pays.

Continue reading to learn about renter's insurance and its cost.

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