Moving out of your parents’ house and getting your own place is indeed a milestone in your life. Most people dream of the day that they will be able to move out from the time that they are teenagers but it is quite rare that people are actually able to achieve this dream early because getting your own place is a massive financial burden and a financial responsibility. Therefore if you are finally at a place in your life where you are able to get your own place, you are luckier than most people. However, before you take on the responsibility and potential burden of having your own place, it is vital that you have a strong look in to your financials and make sure that you can actually afford to pay for your own place.
Ways to get your own place on a low budget
If you find that you may not be able to afford it after all or that you are able to afford it but then you would be rather tight financially, there are a few things you can do to ensure that you have your own place but would not go completely broke in the process. You can choose to get a residential apartment with two rooms and share the place with a roommate until you are able to pay the whole rent yourself. Having someone to share your rent with would be a great way to take off the financial burden.
In fact, there are some Hong Kong Property that will give you the option of renting out only half of the apartment while they themselves will find someone for the other half of the apartment.
However, it would always be better if you were to choose your own roommate because this will be the person you will be sharing your whole life with for a year or two and you do not want to end up living with someone you dislike. As such, it would be a much better idea for you to look out for a friend or a cousin who is also currently apartment hunting and start apartment hunting together so that you will have someone you know living with you. It would be a good idea for you to start exploring your options well ahead of time in the months before you consider moving out. If you are able to afford it, it would a better idea to consider getting a loan and buying a house on installments as opposed to renting it out.