I have just purchased my first house and am looking to rent a room out. Its a 3 bedroomed property with courtyard style garden. They will have use of everything ie. washing m/c, cooker, internet connection etc, utility bills would be included except weekly shop. House is based in Downham Market, Norfolk and has just been totally refurbished with all new equipment etc.
2006-08-07 03:19:22 · 13 answers · asked by Selina N 2 in Home & Garden ➔ Other - Home & Garden
Thanks for the advice Back Man - useful thing to know!
2006-08-07 03:27:46 · update #1
Not sure on the rent but I have some advice. Do not call whoever rents the room a "Tenant" or put it down in an agreement as tenant. call them a "Paying Guest" which means you will not have to declare the "rent" money for tax purposes. If they are a "tenant" you will.
2006-08-07 03:24:39 · answer #1 · answered by BackMan 4 · 0⤊ 0⤋
I rent a double room in Brighton for £300 per month including bills but not use of phone. We are a family and so I do all the cleaning which i do anyway, and in return she babysits for us regularly. It works very well. In hindsight, I should have charged a little more, maybe £350! Look in your local papers, etc and see how much rooms go for. Another piece of advice. It is your house so make up the rules you want your lodger to live by. Discuss these with them when you first meet them. It will avoid problems later on and make it easier to bring up issues that are bothering you. I have cleaning, washing up and noise at night. I have in the past been woken up by a very noisy 18 yr old having sex at 2am! You can not possibly cover all eventualities but do have a good think about what is important in your home and set rules. Good luck!
Oh! And of course thourougly check who they are and that they can pay the rent. My lodger works in my workplace so not so easy for her to run off lol
2006-08-07 03:52:06 · answer #2 · answered by Stephanie C 3 · 0⤊ 0⤋
I have always found that the newspaper or craigslist.com offers a good barometer for rental rates in your particular area. You probably are not the only person renting a room in your area, and the key is to find someone with a similar room for rent. use this as a gauge only, and adjust it if your rental is more spacious, better-located, classier, etc.
Charging a high rent is no good if you have turnover-the best bet is to find a long-term tenant you are happy with and vice versa. Vacancies cost money and can be avoided by due diligence. As a former landlord, I recommend that you verify references, employment and credit history. There is a lot fo fraud out there, and my saying always is: It's a lot harder to get someone out, than to invite them in.
Good luck!
2006-08-07 03:37:26 · answer #3 · answered by Chico 3 · 0⤊ 0⤋
You need to charge according to what the bills work out at plus a bit for profit and insurance so divide your bills inc mortgage in 2 and add 25% or so
2006-08-07 03:41:49 · answer #4 · answered by chopchop 2 · 0⤊ 0⤋
No God does not charge hire, yet devil will be sure you're being burned interior the lake of fire and hurting ever day.... Repent out of your sins so which you will connect Gods glory and happiness.... start up with the Bible.
2016-12-11 08:49:40 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Look in the paper and see what other rents are in the area. Or better yet, go look at a couple and compare your to theirs and charge accordingly.
2006-08-07 03:29:19 · answer #6 · answered by mixemup 6 · 0⤊ 0⤋
For all that, around this area , they would charge £90-110 p/w
2006-08-07 03:26:28 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Freeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
2006-08-07 03:23:08 · answer #8 · answered by Amit G 4 · 0⤊ 0⤋
£200 a month xx
2006-08-07 03:23:38 · answer #9 · answered by Anonymous · 0⤊ 0⤋
get a letting agency to come in they will tell u exactly how much u can get for it. it would prob b about £475-£550per mth
2006-08-07 03:27:22 · answer #10 · answered by Anonymous · 0⤊ 0⤋