Hi! It’s great to see people asking questions about owning a cockatiel before getting one. I was planning to make a resources megapost on this topic, but sadly have been too busy recently to do it. So here’s a quick TL;DR on some things to consider!
Lifestyle considerations:
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Make sure there is a specialized avian vet near where you live. Emergencies can happen at any time and parrots tend to hide their illnesses very well until things get severe.
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Cockatiels ideally need at least 2 hours of out-of-cage interaction/bonding time per day.
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Bird lungs are very sensitive. You will need to stop using any Teflon cookware, candles, aerosols, and diffusing scents. Teflon fumes have been known to kill parrots.
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Cockatiels shed a lot of feather dust. If you have pet dander allergies, it might be better to choose a different bird.
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Cleaning: Like all parrots, cockatiels poop everywhere and are messy eaters, so cleaning up bird food and poop is a daily occurrence. Cages also need to be cleaned every few days.
Cost considerations:
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The bird itself.
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A variety of food (Pellets, seeds, treats, fresh fruits/veggies)
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Large rectangular cage for home
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Travel cage and/or carrier for vet trips and short road trips
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Vet costs: Annual checkups and emergency visits
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Toys (need to be replaced/rotated every so often to avoid your bird getting bored)
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Bird-sitting/boarding fees if you travel
That is all I can think of off the top of my head. Hope this helps!