To ask how much you would pay?

[Rentaroom33]

So we have a house that is extended but it is done in such a way that the old house is separated by a porch area. I am going to rent out the “old” house (it has been refurbished though) it has a bedroom bathroom and large sitting room currently. I am going to make separate the living room into a kitchenette/living/dining. I know everywhere is different but it is essentially a one bed apartment (shared front door but into the large porch) and our side of the house has its own inner door too.

Now here’s our aibu slightly…dh thinks as we live rurally that no one would want it. I beg to differ as apartments/rentals are hard to come by in our area and we should just air b&b I want to just rent to one person as it would be considered a lodger and then it would be tax free! We could charge 500-600per month. So it’s a no brainer from me, aibu?

Where are you located? Depends entirely on the local going rate.

Yeah it's Ireland, you can rent out a room for €14,000 a year tax free. OP just look on Daft.ie and see what prices are like in your area. No one can advise you without knowing the area Remember if you go over 14k a year then you pay tax on the entire amount, not just the excess.

@shivawn thsnk you that’s good to know.

sorry if I had annoyed others , I thought maybe the question of how much and whether it’s easier to have air bnb or one tenant would cross borders as such. There’s not a MASSIVE difference between the U.K. and Ireland in prices sometimes.

With Airbnb you would probably get more money but it would be taxable so you could lose half of what you earn if you're in the higher tax bracket and it would be a lot more work with cleaning and meeting new guests all the time.

Rent a room you can't charge as much but if you get good tenants then it'll be very little work and tax free if below 14k a year.

But there are massive differences even within the UK!!!

Rentals in London, Wales, Newcastle or rural Scotland will attract hugely different rates. Surely you know this?

@Octomore i said I was rural but thank you anyway. No I didn’t just know that. But I do now.

Rural is meaningless though. In the UK, a rental in rural Cornwall vs rural Welsh valleys will be miles apart in price.

Most adults are aware that accommodation costs different amounts in different areas.

@Octomore thanks. You are just looking for an argument now but I’m not really interested. Good night.

As Octomore says, there is a massive difference within the UK depending on the wealth and desirability of the location just like there would be for towns or cities. North Norfolk for example is rural but very different price wise to a former mining area. So there probably isn’t so much of a price difference between those places and the respective Irish equivalents but we don’t know if you’re in a posh or poor rural bit.