Many cut housing costs by adding roommates

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Hard times and tightening budgets are moving many to downsize their home life, an endeavor which may include adding a roommate to help share expenses.

USA Today reports that many homeowners and even apartment renters are seeking housemates to help cover their shelter costs. For some, surrendering a bedroom to a boarder is a way to afford rising mortgage payments or cover costs after a job loss.

If you need to make room for a renter or returning family member, or are planning a move to a smaller home, you can ease the transition with a less-is-more approach using the following downsizing principles.

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Many cut housing costs by adding roommates originally appeared on WalletPop Blog on Tue, 17 Feb 2009 18:00:00 EST. Please see our terms for use of feeds.

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