{"id":6523,"date":"2018-07-23T05:00:00","date_gmt":"2018-07-23T09:00:00","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?p=6523"},"modified":"2022-07-01T13:04:33","modified_gmt":"2022-07-01T17:04:33","slug":"adult-child-moves-back-home","status":"publish","type":"post","link":"https:\/\/www.zolo.ca\/blog\/adult-child-moves-back-home","title":{"rendered":"6 Steps to Take When Your Adult Child Moves Back Home"},"content":{"rendered":"\n

A record number \u2014 as much as one-third of young adults \u2014 are choosing to live with their parents instead of on their own. It can be hard for millennials to pay rent and save for a down payment on a home, especially in Canada\u2019s biggest cities. That\u2019s why many choose to move in with Mom and Dad as a more affordable option and why parents may need to manage expectations when an adult child moves back home.<\/p>\n\n\n\n

For parents, adult children moving back in can be a blessing or a burden, sometimes both. We look at the adjustments that both parties need to make to ensure the arrangement works.<\/p>\n\n\n\n

Step 1. Set Expectations<\/h2>\n\n\n\n
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The ultimate goal of any parent is for his or her child to build an independent, successful life outside of the family home. However, with the cost of living, especially in Canada\u2019s biggest cities, millennials can find it difficult to pay rent and save for a down payment on a house \u2014 especially if they\u2019re just starting out in their career. Living with their parents can be a mutually beneficial money-saving option for both parents and adult children, alike.<\/p>\n\n\n\n

But before your 20 or 30something adult child moves back home, it\u2019s important to have a discussion about what both parties expect. You don\u2019t want to come across as an ogre, but neither do you want to be taken for granted either.<\/p>\n\n\n\n

Step 2. Charge Rent<\/h2>\n\n\n\n
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One of the hardest subjects to broach when setting ground rules is what rent to charge<\/a>. Establishing clear boundaries from the start is important. If they want to be seen as adults and not children, then make sure that they know that paying rent is part of the deal well before moving day. This will give them time to adjust their budget and work out how much money they can save, as well as sorting out insurance (if they\u2019re not covered under your policy) and other expenses.<\/p>\n\n\n\n

Step 3. Discuss House Rules<\/h2>\n\n\n\n
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Setting house rules may seem petty, but when your child is playing noisy video games late at night, then you may wish you had.<\/p>\n\n\n\n

Consider discussing rules for the following:<\/p>\n\n\n\n