I'm 22 and soon I'll be buying a 3 bedroom + 2 bathroom house. I want to rent out a bedroom and bathroom and depending on what I use the 3rd bedroom for we might just both use it. I'll be renting it out to a close friend who's been my best friend since 2nd grade so I think we will have any problems + we rented an apartment together for about 2 years without problems, but he had to move because he had to transfer to a different college. I'm trying to figure out how much I should charge him for rent + what percentage of utilities I should charge him. He just recently graduated from college and got a full time job starting at $36,000 a year. My mortgage will be about $600 a month for a 15 year fixed rate loan. I also calculated everything to make sure I'd have enough to afford the house on my own in case he decides to move out for any reason. Apartments in the area are charging between $500-$700 for a 1 bedroom apartment. Also, before I ever mentioned about buying a house and renting out part of it, he said that he had found a 2 bedroom apartment for $560 that he considered renting. What should I change?
Added (1). Also we would share the living room, kitchen, and washer/dryer
Added (2). Last sentence: What should I "charge"? Not, what should I change, lol
Added (3). I DONT think we'll have any problems… I really should have proof read this before posting it, haha.
Read more: What should I charge for renting out a room in my house?
