Kids can be like boomerangs… they’ll fly the coupe, move out on their own and make their way in the world… after years of a full house, you finally get to enjoy your empty nest. Until they come back. It is not uncommon in today’s generation of twenty-somethings, that kids move back in with their parents to save money to make the next step in their adult life. Don’t stress, we have some top tips to ensure the transition back into the family home is easy for all and how to cope with the family back under the same roof.
- Establish the rules
Even though your child is a fully functioning adult now, rules should still be established upfront when they return home so that everyone can live harmoniously together. Establish some fair ground rules, for example when friends and partners can come or your expectations of them to finish their study/continue to look for employment/actively save for a deposit.
- Set a time frame
Sit down as a family and set a realistic timeline for how long the living arrangements will be this way. This will help your children to be diligent in saving for their goals and give you peace of mind that it’s not forever. It is very easy to fall into complacency, remember, these living arrangements are to achieve a goal.
- Charge a minimal rent
Agree on a minimal financial contribution to be paid on a regular basis. By moving home, the cost of living has dramatically degreased for your son or daughter, asking for a small financial contribution will not only help them respect that you are not their bank account, but limit the financial strain on you.
- Don’t revert to ‘parent mode’
Try your best to remember your children are adults, meaning you do not need to pick up after them or be their servants. Remember that they have moved back to share a house not to be taken care of.
- Make use of extra space
Make use of the extra tv room or spare bedroom to get some privacy and ‘you’ time. It’s an adjustment for everyone moving back into the family home, so make sure that everyone has a place they can go to zone out and have some personal time
- Understand each other’s routines
Getting to understand and work around each other’s routines quickly will be the best way to avoid conflict. Talk about your schedules and when you will use the bathroom to get ready for work or the kitchen and try to work together. The easiest way to cause tension in the family home is to be hogging the bathroom in the morning before work!
- Can’t cope? Leave home yourself!
If it’s all getting too much, leave home yourself! Arrange for a lovely trip for an extended period of time, or jump in a caravan and explore Australia. It’s the perfect excuse for you to treat yourself.
For more information on how to limit the impact of your children, contact Solid Property Management on (03)9690 2666 for help on creating a new family budget