Submitted by NovembersNights t3_yoqaw6 in personalfinance
My best friend and I have lived together for years and have gotten into the routine of rotating who gets the master bedroom every year when we switch apartments. We are currently in the process of buying a townhouse and initially decided on, instead of switching bedrooms every year, switching bedrooms every 2 years. Last night in conversation she brought up the thought of instead of switching bedrooms every X years (because it’s too much once you’ve already worked on getting your space set up the way you want it etc) the person who gets the master bedroom pays more. This felt tricky because we would have a mortgage and it wouldn’t really be 50/50 if one person is paying more than the other. We then thought about one person just paying a little more of a utility bill or something like that. Is that fair/how much extra should the master bedroom pay?
EDIT: the townhouse is a 3 floor 3bed/3bath. Each bed/bath is on their own floor. We plan on eventually renting out the 3rd bedroom for a bit.
EDIT: We have have the help of an attorney with signing a Tenants in Common Agreement. We made it a point that the only way to buy together would be to sign one.