Survey results of colleges, on the cost of living with a roommate revealed interesting results.
About 48% of the participants revealed that conflicts between their roommates exist. 75% of them have never shared a room before. More than 80% of them change their roommates by their sophomore year.
Some tips on what to do before leasing out a space with friends are useful. Firstly, it is important to know whose name would be on the lease documents. Next is to decide on how to split the rent, food and utility expenses.
A low budget living would cost $15,920 with housing and utilities taking up half the expenditure. Finally, establish a task sheet and decide on how to split the household chores fairly among all. It is important to set some ground rules right in the beginning.