Sunday, July 29, 2007

Square Footage = Money

When the time came for us to split up who is going to pay how much in rent, we weren't really sure where to start. Obviously the person with their own bathroom pays more but other than that we weren't sure where to tack on extra cash. Then again, I have the sunroom, so obviously I would find a way to split up the rent since it would probably affect me the most.

At first we just considered bedroom size because we were all going to be using the living room and kitchen, so there really wasn't a need to factor that in. We considered the walk-in closet and the bathroom to be "extras" but did not take into account if you were bringing large pieces of furniture for the living room. This is probably because that would be hard to value and hopefully everyone can at least contribute some things to the common rooms.

In the end, we didn't end up working out the prices that way. We used the square footage to divide up the total rent for the apartment, then we had a base rate for the common areas (just total common area square footage as a percentage of the total rent, then divided by three). We even had spreadsheets. I know we sound like the biggest dorks but I guess we just wanted to be fair. You may have your own way of doing it (like arbitrarily assigning rent amounts, which would be so much easier) but this seems to work for us.

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