If you are like many people, you may have always dreamed of the day you would move out of your parent's home. This rite of passage can be exciting and fun, but it can also be physically, emotionally, and financially distressing if you are not prepared. Before you start packing and signing lease agreements, use these tips to ensure you are ready to move out on your own.

Budget

One of the first things you need to consider is whether or not your budget will allow you to live on your own. Of course, the cost of rent varies according to apartment size and location. While shocking to learn, apartment rent in San Francisco, California can cost an estimated $3,600 per month. In Kansas, rent averages around $470. Because of this sizable difference, the location of your apartment will matter when budgeting for your rent.

Unfortunately, rent is not the only expense you will have when living on your own. When budgeting, be sure to factor in utilities, such as electric, cable and internet, and phone service. Groceries, insurance, gas, and other necessities should be included.

Before signing your lease, pay attention to the hidden fees that will be required. Deposits for security, utilities, and pet deposits may also need to be paid. Lastly, make sure your budget includes fees for the movers, since you will most likely not have the strength, time, or transportation to move and set up your furniture and belongings on your own.

Location

Another thing to consider is where you will actually be living. Most people choose to move into an apartment for the first time living on their own because it is a great short-term option.

The location of your apartment is incredibly important. The apartment should be convenient to your work to save both time and money on commuting. It is also wise to live near restaurants and shopping centers, so you do not have to spend a large amount of time driving to these establishments. If possible, choose an apartment that is close enough to walk or bike to work, shop, and dine.

To cut costs even further, consider leasing an apartment with multiple bedrooms that will allow you to have roommates. Divide the rent and utility costs among yourself and one or more roommates, but make sure you will be able to handle living with different people who have different personalities.

Furnishings

Lastly, avoid investing in a large amount of furniture and décor for your first apartment. Ask your parents if they have any pieces that you can take with you. You can also visit flea markets, thrift stores, and websites for inexpensive or even free furniture that will work for your needs.

If you lack the ability to pick up and transport the items to your apartment, hire movers. A moving company like Kloke Group Moving & Storage can handle the pick up and set up of furniture in your new apartment.

With proper planning, moving into your first apartment can be a rewarding and exciting rite of passage.