If you’ve been thinking about renting out a room in your home for a while for one reason or another, there’s no better time than now. Plenty of men and women are seeking to rent a room because it is cheaper than an apartment and it also gives them access to a whole house instead of a tiny apartment. Renting a room out also helps you financially, which can help you breathe a sigh of relief each month.
Here are some tips for you to consider if you do in fact rent a room out:
Research what other rooms are renting for per month
Take some time to check the newspaper or internet sites like Craigslist to see what other people are charging renters per month. You can also see how they word their ad to aid you in writing yours.
Prepare your room
Decide on what room you want to rent out. Hopefully it will have its own bathroom, but if not, some renters won’t mind sharing with the owner. You may want to move your room into a smaller bedroom if the master bedroom has a bath and you want to offer that to renters. Be sure that the room is clean and looks appealing.