Housemates should be dependable, considerate, financially stable, and share your values. Becoming housemates is a financial partnership. There are different home ownership structures. Your lawyer can provide legal advice as to which alternative will help you minimize your risks. Make sure to have a professional review each would-be housemate’s financial circumstances. Agree which bills should be shared, have a plan in place for conflict resolution. Sharing a home requires each housemate to work together and compromise to ensure a financially and personally rewarding experience.