I know. Hear me out.
Exactly one week ago, I signed a lease for a house share in the city. I imagine this is shocking to you all as I have stated more than once (1, 2, 3…) my intention to continue living with my parents through the end of the year, when I expected to know more about my status in the medical school application process. However, after time spent on the road with my best friend (more on that later), I realized I very much missed independent living. For this reason, I dipped my toe back into the rental market and found a house share I thought would be a good fit for me and hoped the Pennyfolk would approve. So, onto the questions…
When are you leaving home again? – My lease begins on June 1st (although I am hoping to move in Memorial Day weekend) and goes through May 31st of next year. If I get accepted to medical school in my current city, then I would consider staying put if my landlord is agreeable (she lives abroad). If I get accepted to medical school elsewhere, then my lease would be end and I would move for school. If I don’t get accepted to medical school, I can extend my lease and consider the next life steps.
How much is your rent? – $550.00!
What does that include? – EVERYTHING! The rent includes all utilities and parking in the subdivision.
What is the deal? – One of the perks of working at a university is that at larger universities in larger cities, there are often off-campus housing boards on which only people with a direct association to the university (student, staff, faculty, etc.) may post. My new landlord bought the house while a postdoc at the university but took a job abroad after school. While she could rent it for significantly more or sell it, for now her goal is just to keep it rented consistently so she doesn’t have to spend time looking for tenants and to cover her mortgage.
Where are you living? Is it safe? – It’s actually in a much nicer area of the city than where I was previously living. I will be sharing a tri-level townhouse (Northeastern folks would recognize it as a “rowhouse”) with two university graduate students. The person I am replacing in the home was a medical student at the university where I work. The photo above is essentially what the house looks like and how it is set up. On the first level of the home, which is what I am renting, there is only my bedroom and bathroom. The next level has the living area including the kitchen, living room, and laundry. The top floor has two bedrooms, each with their own bathroom.
While my future housemates seem like lovely people, I love the fact that I will be living on the bottom level alone.
Is this really better than staying with your parents? – Yes and no. My parents were lovely and I was staying at their home for free. While my rent is super cheaper it’s still more than free. However, I will begin class again in late May and the drive from my parents house to campus is an hour and a half each way. And, as my employer expects me to be back on campus in mid-July, I was also dreading the hour commute from my parents home to work in traffic.
Beyond that, I had slowly come to miss my independence in a lot of ways that it is difficult to articulate.
What does this mean for your goals and budget? – Not as much as I thought it would. Certainly not as much in the short term as this month’s long roadtrip I am on with my best friend. I will do a deep dive into the numbers later this month with an updated June budget. But that is for another post…
Thoughts…Shocking? Disappointed? A huge mistake? Not surprised at all?