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Living In Your Parents Basement: 5 Reasons It’s a Good Idea

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When you are living in your parents basement, there are a number of things that you will be able to do. For example, living with your parents is a great way to save money for your first house. As well, living in the basement allows you not only to spend time with family but also saves on water and gas bills. This blog post is going to go into detail about 5 reasons why living in the basement can be beneficial for anyone!

 

1- Save Money While Living In Your Parents Basement

2- Living with Family Saves On Utility Bills

3- Great Way to Spend Time With Your Parents and Family

4- It's More Socially Acceptable

5- You Can Make it Your Own Space

 

1- Save Money While Living In Your Parents Basement

One of the best reasons for living in your parents basement is that you can save money. Rent prices are up 13% in the last year and the average rent price for studio apartments in major US Cities is $2500 per month! This makes living with your parents an excellent way to save money so you have more funds available when buying your first house.

2- Living with Family Saves On Utility Bills

Living with your family is a fantastic way to save on utility bills. The average cost of utilities for a studio apartment in New York is $273 per month or over $3000 per year. Sharing the cost of these utilities with family is an excellent way to pay off debt, save more money towards your first house down payment while living in a mortgage free home.

3- Great Way to Spend Time With Your Parents and Family

Living in your parents basement is a great way to spend more time with family. Sometimes living in an apartment can mean living without your loved ones around you all the time. If you live apart, it can be difficult to get together for dinner or other activities that are important for families staying close together. Living parents basement living means having extra people around to help with household chores and duties. Additionally, in 2021 it's always nice to have someone there to help if you have to quarantine from the coronavirus (COVID-19) pandemic. Living in your parents basement living is certainly not for everyone but if you get along well it can be a great option!

4- It's More Socially Acceptable

Living in your parents basement used to be very frowned upon by society. Now, living in your parents basement living is less of a social stigma. 52% of young adults live at home with their parents according to the latest census. This is largely to do with stagnant wages and many entry level jobs being eliminated due to outsourcing or automation. Young single people are now more accepting of different living situations based on each person's individual circumstances. But this doesn't go for just single folks. Living with your parents is a great option for those with young children as well. Having an extra set of hands around is always helpful with young children!

5- You Can Make it Your Own Space

Make the best of living in your parents basement by making the space your own unique living area. Toss out the outdated drab décor and bring the basement to life! Start with some fresh paint on the walls and add some bright living room furniture. If you don't like the paint color, no problem! You can always repaint it another color to suite your taste.

Don't forget about lighting! Lighting is a great way to make living in your parents basement feel modernized and finished. Replace those outdated light fixtures with stylish ceiling fans and use fluorescent light covers to brighten up those fluorescent basement lights.

If you’re living in your parents basement, there are a number of things that you can do. For example, living with your parents is a great way to save money for the first house (because mortgage payments will be much cheaper). As well, living in the basement allows you not only to spend time with family but also saves on water and gas bills. This blog post as gone into detail about 5 reasons why it might just be worth considering this option if you're looking at ways to cut back financially or just want more space when home from school/work. Don't forget to shop our huge selection of fluorescent light covers. With over 100 designs we have something that is sure to bring that basement to life.

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