Affordable Housing Options Your Family Should Consider

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A safe, warm home for their loved ones is a priority for most parents. Unfortunately, finding economical housing to suit your family is becoming more and more difficult in today's market. It can be incredibly stressful trying to navigate traditional means such as renting or buying a house. Your financial situation may not allow you to qualify for a conventional home loan, and rental costs are becoming out-of-reach for some. Putting a roof over your head may require looking toward some creative alternative solutions. To help you out, here are some affordable housing options your family should consider.

Rent a Caravan

A practical alternative to renting a traditional house is to find a caravan for rent. These manufactured homes can have nearly the same amount of living space, yet they often come with a lower rental rate due to the fact that they fall outside of conventional housing choices. In addition to saving you money, a home in a caravan park can provide you and your family with access to a robust community. Often, there are other children to play with in the park. In some places, there may even be park-sponsored activities or events.

Social Housing

One way to find an affordable property to rent is to opt for social housing if you qualify. Social housing, also referred to often as council housing, is a lower-cost choice managed by a local council or housing association. These not-for-profit organizations own various types of housing that they manage and let. The goal of these agencies is specifically to provide affordable housing options for those who are in need. Rental prices are typically determined according to income levels of the locality in which they operate. Social housing is a viable alternative for those who cannot afford prices found in the private rental sector. This type of housing is often a reliable, safe and long-term solution for families and individuals. Associations that provide this type of housing are monitored by the Housing Ombudsman Service through the Ministry of Housing, Communities and Local Government. So you can feel confident in their condition, upkeep and professionalism.

Move In with Family

Moving in with family or trusted friends may not be possible for everyone, and it certainly isn't ideal for many. However, this is one affordable housing option that can allow you to live quite cheaply. You may find that your loved ones are happy to come to your aid. They may even enjoy having company and someone to help them out around the house.

Share a Flat

A flatshare is another consideration when you want to save money on housing costs. Two families or parties could rent a home together and pay significantly less than you might pay on a place for yourself. In addition, you'll be able to split utility costs. Living with another person or family can also be a great way to share on household chores or childcare.

Become a Property Guardian

A unique avenue for affordable living is to become a property guardian. If you've never heard this term before, you may find that it can provide a unique rental opportunity for the right person under particular circumstances. A property guardian provides a service to owners of empty buildings or residences. This person lives in the property for a deeply reduced rate. In exchange, they help to keep the property secure and well-maintained. Having someone live there prevents the place from being targeted by vandals or burglars. It also ensures that any leaks, vermin or other household issues are promptly addressed. The downside is that a property guardian's contract usually stipulates that it can be dissolved by the owner and the property guardian will need to leave the residence within two weeks. However, this could serve as a wonderful opportunity to set aside money in preparation for a more long-term move.

Conclusion