If you’re looking for more ways to earn more money, then you might not need to look any further than your own home. Renting a room to a lodger can provide you a little income as well as some company if you have the space. Of course, lodgers are looking for more in their rooms these days. And landlords are looking for more from their tenants too! If you want to earn the maximum amount and attract a reliable and friendly lodger then try some of these ideas:
We’ve all got mobile devices like phones and tablets. Some of us regularly use laptops too. All of these run on batteries, and those batteries require power outlets and special chargers. You can install extra sockets if you hire a good electrician. These can include USB outlets so that devices can be charged without the need to find a plug adapter.
While many lodgers are happy to spend time with the rest of the family, others prefer a bit of privacy. Wi-Fi connection is an absolute must. You might also provide a TV complete with cable or satellite connection. Perhaps you can add a Luray player? A small fridge would probably be much appreciated too. If you have the space, why not include a little kitchenette? A microwave, small sink, and drinking water tap could be ideal.
If your lodger has just a bedroom and ensuite bathroom, then you want to make that space as comfortable as possible. Can you fit a small sofa into the bedroom? Many lodgers like to invite guests to visit but prefer to entertain in their room. You might also provide a small table and dining chair. This gives your lodger the option to dine in their room or work at the table.
It is common for landlords to provide the bedding and towels for their paying guests as they would for any other guest. To attract the very best tenant, why not offer the very best in comfort bedding? Choose a comfortable mattress or foam topper. Add attractive bed sheets that are high quality, so they last longer and feel more comfortable. Finally, offer blackout blinds and air conditioning to ensure maximum comfort all day and night.
Your style and choice of décor is very important if you’re hoping to charge a higher rent for your room. Try to emulate contemporary styles that appeal to younger people. After all, these individuals are your target market. They may be professional and energetic. Perhaps they’re keen adopters of the latest trends? To attract them as your tenant, you need to think like them when it comes to design.
Look for contemporary styles of light fitting. Choose a timeless wooden flooring topped with a fun and vibrant colored rug. You might add a bright accent wall and attractive furniture. Of course, you need to keep things practical. This is a bedroom, after all. It needs to promote sleep, so stay away from excessively energetic patterns and colors! Make sure that the furniture choices are useful. You might want to make things more cozy and homely, but leave that to the tenant. They will undoubtedly want to put their personal touch on things.
When you start to make your list of rules that form your tenancy agreement, consider the changes a typical lodger might want to make. Are they allowed to swap out your furniture for their own? Are they permitted to paint the room a different color? Perhaps they have a mattress of their own that helps with a medical or physical condition? Sometimes a little flexibility can ensure longevity in the landlord-tenant relationship.
Some homeowners are put off by the idea of eating anywhere but the dining room. That’s understandable as it can lead to pests and mold. If you’re not willing to permit the odd snack at least, then you may struggle to let the room. Of course, you need to detail any restrictions on food storage too, particularly if you have special dietary needs. Is your tenant allowed to help himself to food or must he wait for designated meal times?
The conversation about money is always awkward, but you need to get it out of the way sooner rather than later. If all food is included, detail any potential restrictions that may be in place. If you plan to raise the rent periodically, give your lodger a heads-up about that happening. As for the rent amount, do some research in your local area to find out what that maximum rental is likely. You need to be competitive after all.