Houston Credit Repair Expert, Vanessa Perry, explains the advantages and disadvantages to having roommates in the latest episode of Ask Impeccable below.
Why Would You Need A Roommate ?
Roommates often relieve some of the financial burden of rent. Whether it is a spouse or a friend by splitting the rent in half you can get more for your money as well as save for the future. Roommates can be a companion at times and a headache at others. There are some things to consider before having a roommate. These cautions are not to be taken lightly, because your roommate could cost you more than you save long term.
Disadvantages To Roommates
If your roommate is not on the lease they do not have any liability to stay in the lease. I️n the case they want to move somewhere else they can without any notice. Be sure if your roommate is not on the lease you have money saved and prepared. Just in case that you have to pay the full portion of the rent. As for broken leases, if you are listed on the lease if there are any 30 day lates or broken leases you will be penalized as well as. Make sure that if you do decide to have a roommate that you are prepared for worst case scenario. If you can not afford your space on your own, you probably should not consider moving in with someone else.
Houston Credit Repair
If you do not qualify for the place you want due to your credit score or past problems you may want to consider credit restoration before moving. Impeccable Credit Services is a reputable company that has been in business for over 17 years with over 20 years experience. We are able to help just about anyone with any situation. Our goal is to help you achieve financial success. If you have any questions please feel free to contact us 713-378-1500.