My son is 19 he works casually & is looking for something full time, the other son has moved out & we’re struggling for money as I’m not working as I’m waiting on surgery, so now you know out background my question is now we have a spare room, would you rent your spare room out? How would you go about it? What would your rules be how would you go about? Also I’m a single mum….
Thanks IMs 😍😍😍😍
Spare room???
Spare room???
Posted in:
Money
5 Replies
Do you have young children in your house? That would form the base of my answer.
Sounds like a good idea in your situation. We haven't rented rooms out to strangers but we have had people we know stay with us. I would find out the rental value of your home and divide it by # bedrooms. Thirds in power, water, gas. I wouldn't bother with internet but that's just me. Their food is their own responsibility, make room for them to put their stuff in the kitchen. If your bedroom has an ensuite consider moving out of it and renting it out so you're offering bed with its own bathroom, that will be more appealing to female borders and your son might feel awkward about sharing a bathroom. It might also spare anyone getting annoyed about a clash of routine or mess. Write a roster of cleaning shared areas.
Id rent out a room. You can be picky, make them sign a lease.
Think about what qualities you want female, non smoker etc.
Before you do anything, you will need to find out what the laws are regarding private residential leasing.
You'll also want to familiarise yourself extremely well about your rights as a landlord and the rights of your prospective tenant.
Everyone entering into this sort of arrangement needs to be legally protected. Make sure any agreement is in writing!
Once that's sorted, then you can start to think about a fair price to charge. Rooms in my area generally go for $200 a week but that's for an urban area and it's all inclusive (ie, gas, electricity, water, wifi etc) and usually pre-furnished. Do some research for your area to come up with a price.
As for rules, or maybe not so much rules but more a fair agreement about certain aspects:
1 would be guests.
2 would the the sharing of communal areas such as the kitchen, living room, bathroom/laundry, driveway/outdoor areas.
3 would be contributing to the maintaining and/or cleaning of communal areas.
Other than that, just the basic respect and courtesy kind of rules, ie, be quiet if coming in late - that sort of thing.
I think now is the perfect time, with the current crazy rental market.
You would also be helping someone out.
I live in a small suburb with a fb page, so I would start there.
It depends on your area.
Local paper or realestate.com.au