Is renting a room in my house worth it?

Is renting a room in my house worth it?

With the current financial crisis pinching at our pockets, we all are looking for various ways to make some extra cash in order to keep up with demanding expenses. If you own a furnished 3 or 4 bedrooms semi-detached, detached or even a terraced house, we recommend letting a room out advertised as being a "cheap London flat for rent".

There are many one bed room flats and studio apartments available, but with house prices never stable, the prices tend to fluctuate too much on a short term basis which in results repels many possible customers. This has created a new market of individuals looking for cheap London flats for rent in nearly all areas of the capital. Bring able to offer a decent furnished one bedroom for a couple of pounds a week is well worth it in my perspective. You can expect to ask anything between £65 ranging up to over £100 per week depending on the area, facilities near by and the quality of the room being offered. Those looking for a cheap London flat for rent would settle for a single bed, carpeted floor, a wardrobe, side desk and access to the kitchen and bathroom. All of which are present in nearly every room in every house. The idea of renting out a room in your house is it provides some disposable income which can help around the house with the daily expenses. If you are a single person living in a house, the company can also be a nice benefit.

If the room you are offering in your house is a double furnished bedroom, you could expect a couple to share that one room. This could be for both social and financial reasons.

One bedroom apartments and studio flats are generally a great source of income. Some opt to rent out an entire house for rent in London, however many believe renting single bedrooms generate a greater source of income. Many financial experts have noticed that regardless of the credit crunch, those that have invested money in the business of purchasing houses for renting purposes are still going strong. Regardless of the current crisis, there is a huge market demand for flats and houses to live in. This is one of the few market areas that are expected to be able to survive the crunch and one which we can all benefit from.