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1787 Grand Ridge Ct NE, Ste 200
Grand Rapids, MI 49525
United States

(866) 954-7336

Grand Rapids Property Management company.

Green Property Management aims to provide property owners with efficient, flat-fee management services for mid and west Michigan properties.

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Budgeting: Living with a roommate vs on your own.

Green Property

The cost of living alone versus the cost of sharing your space with a roommate can vary quite drastically. So, is having a roommate worth giving up some of your privacy? Check out our thoughts below and decide for yourself. 

  • You will generally pay more in rent without a roommate. Splitting the cost of a 2 or 3  bedroom apartment in most cases will cost you much less than living in a 1 bedroom on your own.
  • The same goes for utilities. Your cable, internet, and electric bill may be reasonable, but will be much lower when splitting with roommates. However, if you do not have a roommate, you will also have more control over your utility bills.
  • Furnishings are another cost to consider, especially if you plan on buying that new couch you have your eye on. Why not get a roommate and split the cost?

Living on your own without a roommate can be awesome too. So how can you prepare and offset the higher expenses?

  • Create a budget and stick to it. Don't forget to include the cost associated with some things that may be included in your rent such as a gym membership or parking.
  • Be realistic about what you can afford. Don't push the boundaries of your limit.
  • Decide what is most important to you--having extra cash to hang out with friends, or having a luxury apartment in the perfect location?