How to Split Your Rent Fairly Using SplitTheRent.org
If you’re someone who shares (or plans to share) a place with friends or roommates, you’ll know how hard it can be to split up the rent fairly. There is always a much larger Master bedroom which often has a private full bathroom. Some rooms may have different sized closets and windows. When splitting the rent, all of these things have to be taken into consideration so that everyone is paying a fair amount for their room. So just how do you split up the rent while taking all of these extra details into consideration? You do it using the rent calculator for roommates at SplitTheRent.org.
How it Works
With SplitTheRent.org, you don’t have to worry about deciding who pays what. It will do all of the calculations for you. The calculator makes adjustments based on other factors of the room besides size. For example, if room #1 is small but has an awesome window and huge closet, then that roommate will pay more than the person in room #2 which is also small, but has no windows and a normal sized closet.
Entering Room Details
The calculator is very easy to follow and it should only take a few minutes to get your results. You’ll start by entering your total rent and then selecting the number of bedrooms in your place. Once you select the number of bedrooms you have, more options will appear below that. This is where you can go into more details about each room.
You’ll need to select the size of each room; sizes go from tiny all the way to enormous. You can then select the size of the windows and closet for each room. You can go as far as to name each room or just leave the default (room #1, room #2, etc). Lastly, it asks questions about private bathrooms, sound isolation, awkward layouts and doors. As you can see, the details are very specific in order to make proper adjustments to the rent prices.
Lastly it asks for the the size of your common area. This includes the living room, kitchen, bathrooms and dining room (anything outside of the bedrooms).
Final Result
The final result will show you the suggested amount of rent for each room, down the penny. If you need to make any adjustments, you can always recalculate. The calculator is very accurate and will definitely save you a lot of time and hassle; you won’t have to worry about arguing over rent with roommates anymore. All that’s left is to agree on the rent prices with your roommates and call it a day.
Lior is a student at the MA Israel political science studies program in tel aviv university and is also a blogger and a consultant.
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