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Rent a room out

(35 Posts)
CookieDoughKid Wed 05-Oct-16 11:30:09

I decided to rent my spare box room our at £495 a month. And a few months on , I've nearly paid of my credit card debt! I don't know why I didn't do it earlier. Plus my fab lodger is so nice and helpful round the house. He unloads the dishwasher voluntarily every morning! !!

So if you have the luxury (I know we don't all have ) a spare room then do it. If only for a little while as it has really made a HUGE difference to my mental wellbeing and debt.

cozietoesie Wed 05-Oct-16 11:52:57

I know it's certainly something that many people could consider. Even with the extra bills, it's still well worth it - unless you're 'cranky' like I am. grin

RortyCrankle Thu 06-Oct-16 19:03:05

I've wondered about doing this myself. OP, how much do you see of your lodger? I assume you share things like kitchen and bathroom but does he/she also use your sitting room when you are there or keep pretty much to their room?

expatinscotland Thu 06-Oct-16 19:05:06

I'd rather sell my body for money than take in a lodger. Not that I can, anyhow, my HA forbids subletting of any sort.

WhiskyTangoFoxtrot Thu 06-Oct-16 19:05:29

How did you find your lodger?

There has just been a thread in which it was clear that a number of posters had serious qualms about lodgers and the potential for harm to DC (even when parents were likely to be around). So I was wondering how you found/checked yours out.

CookieDoughKid Thu 06-Oct-16 21:38:42

I'm very choosy with my lodgers. My current one is a graduate and has just started his first job as a particle physicist. Yes I know, BRAINS. He is also young and when not in his room reading or studying he is out with his mates. He is really respectful and truly doesn't disturb us much. They are not there to take over your house and to be honest they don't WANT to be in your or dc's company at all hours! !

As for potential sexual crime yes but it is anyway from ANYONE including family. It's a risk but I teach my dc's very well on how to react (plus they share a room next to me) and they are to tell me anything the minute is up. But given the attempted sexual assault on my dd from my husband's own brother , my take is that such a crime is far far more likely to happen from very well known people like family and friends . My dcs are far more at risk of people they know in the family than short term lodgers. (No rape was involved thank god but yes police involved ). Sorry it's a lot of detail but that's only my opinion.

CookieDoughKid Thu 06-Oct-16 21:41:12

I am physically in the same room as my lodger for about 5 minutes a day (that's the kitchen). Lodger works longer hours that I do. We have different schedules completely.

Ditsyprint40 Thu 06-Oct-16 21:47:41

I live in a shared house but have wondered about being a lodger. Always seems a lot of money to not really feel 'at home' in someone's house?

cozietoesie Thu 06-Oct-16 21:55:10

Needs must sometimes, Ditsy.

Ditsyprint40 Thu 06-Oct-16 22:12:03

Definitely, cozie.

EmpressKnowsWhereHerTowelIs Thu 06-Oct-16 22:17:47

I'm a lodger, although it's just me, the landlady & the cat. Because of a bunch of circumstances it works for me right now.

We work around each other in the kitchen & bathroom, and we'll chat, get each other's washing in if its raining, that sort of thing but I'm far too anti-social to want to sit with her in the evenings. If I'm in, I'll be in my room with my TV etc.

hesterton Thu 06-Oct-16 22:24:19

We do this. The rate you can earn before paying tax under the govt rent a room she me has just gone up drastically making it well worth it.

We have a lovely Mon- Fri lodger - he has his own bathroom, cooks minimally and has Sky in his room so we hardly see him at all. At the weekend we can use his room. (We have another spare room but occasionally may have more people staying) . He brings a suitcase on Mon evening, takes it away either Thurs or Fri evening and doesn't leave much here at all. It's fantastic.

Well worth it. We've had a number of different lodgers in the other room when we had a big house maintainance bill and they were all pretty nice people. Although they could use our sittingroom, they never did. Which was lovely!

You need good wifi and a bit of kit hen cupboard space. It is relatively easy money I'd agree.

anotherbloodycyclist Thu 06-Oct-16 22:31:33

Same as hesterton, we have a Monday to Friday lodger (4 nights) and it's perfect. We see each other for about 5 minutes a day, he leaves at 6.30 and is back at 9pm. He's really nice, leaves a few bits in the wardrobe, has his own bathroom and front door, and pays us £550 a month. Hardly cooks. Found him on spare room. We should have done it years ago!

CookieDoughKid Thu 06-Oct-16 22:35:07

Well I managed to wipe off a £2500 debt in a couple of monthd without trying hard (at all). Have seen minimal increases in bills. So for me, it's worth it and I will probably stop renting out my room when all debts paid. For my lodger, it's a safe haven as his first time to live away from home and is just a 10min bus commute! Win win

cozietoesie Thu 06-Oct-16 22:35:13

It's over £7k a year now isn't it?

CookieDoughKid Thu 06-Oct-16 22:36:00

I did the same spareroom.com website.

hesterton Thu 06-Oct-16 22:37:15

Our only problem is that we love him (he's the well behaved adult son we never had together) and we can't bring ourselves to put up the rent which is a fair bit below the going rate for an en suite in Zone 2 because he's just bought his own first flat with his gf (in his home town).

We're a very quiet household though - some lodgers might find us boring. So I guess we are well suited to the point it's worth a slightly lower rent. Never any hassle. We get on with our respective lives.

hesterton Thu 06-Oct-16 22:39:10

Yup, over 7000 from 4700 a year ago. The rent has to include bills though and if you choose this scheme, you can't claim tax back on anything like bills. You need to let your insurers know too if you want to be safe.

hesterton Thu 06-Oct-16 22:40:53

Spareroom has always worked for us, once used gumtree which worked well too and there's a specialist mon-Fri one I joined but never found anyone through.

cozietoesie Thu 06-Oct-16 22:44:55

Out of interest, hesterton, did your insurers ratchet up insurance costs much?

anotherbloodycyclist Thu 06-Oct-16 22:46:47

My insurance went up by £10 a year. So less than a £1 a month.

hesterton Thu 06-Oct-16 22:47:10

Not massively no if I remember rightly.

hesterton Thu 06-Oct-16 22:50:54

I had lodgers when I was single too after the dc left home. Actually it was lovely, lifted me out of an empty nest, post divorce depressive period. Just having people about was nice - the house I lived in then before I came to London was big and I rattled around in it somewhat sadly before that. I had some really great people, a few non-descript ones and only one slightly annoying one out of probably 8 people over a few years.

IhatchedaSnorlax Thu 06-Oct-16 22:52:30

How does it work re insurance? Is there personal liability in case they hurt themselves in your property & also accidental damage & theft etc?

hesterton Thu 06-Oct-16 22:57:21

I'm not sure about the personal liability bit. It's theft, fire etc. I think. Probably should have gone into it a bit more but it's not something which has ever been an issue.

Your house is such a big chunk of your assets, it is always work trying to make it work for you if you have big bills to pay and are finding it hard to meet them all. Or saving for something special. Our essential works to the house cost 6000 more than we had in savings and we paid it off in one year no problem. I would have had to work a huge amount of extra hours to make that through a second job.

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