One of the most common challenges that many parents face is getting their adult children to move out on their own. Millennials often enjoy living at home due to the money that is saved and the convenience that it offers. To help your adult kids move out after the holiday season, there are a few important steps to take.
1. Create a Budget
One of the main reasons that many people delay moving out of their parents' home is due to the cost of living. Many adults in their 20s don't want to have to live paycheck to paycheck or pay for utilities, which can cut into their spending money and make it challenging to survive. Help your children move out by creating a budget that lists their expenses and will allow them to understand how much money is leftover, which can be put towards savings, debt, or entertainment. It's also important to encourage them to save an emergency fund that they can use for unexpected car repairs or medical bills.
2. Find a Rental Property
You can get your child interested in moving out by helping them search in the local area for a rental property that fits within their budget. Look at local apartments or townhouses that are easy to maintain and will allow your adult child to have freedom and independence. Consider finding a property in a prime location that allows them to live in close proximity to the movie theaters, shopping malls, and restaurants to ensure that they can maintain their social life and look forward to living on their own.
3. Purchase Tools and Supplies
There are a number of items and supplies that are needed to ensure that you child can live on their own after they move out. Visit local grocery stores and drug stores to obtain free cardboard boxes before helping your child pack their personal belongings. You'll also need packing tape and a moving truck to help send them on their way without any delays.
To prepare them for their new home, help them purchase items that they may not know they'll need when living independently. Consider products that include vacuum cleaners, kitchen supplies, major appliances, and even certain furniture pieces that they might not already own. If they have an abundance of items that won't fit in the new property, transport the personal belongings to a self-storage unit to free up space in your home and prevent your child from moving back. They can easily access the self-storage unit to obtain items that may be used periodically without returning home.
4. Choose the Right Roommates
You'll need to help your adult child find friends to live with to prompt them to pack up. Consider asking your family members or friends for recommendations or even posting an ad on social media. You can also look at ads that are posted at local collages or universities.
5. Set a Deadline
To ensure that your kids move out after the holidays, you'll need to set a deadline that prevents them from dragging their feet. Make it a point to begin charging them rent the longer that they stay to entice them to find their own place.