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Have a spare room - how can I make money from it (without renting)?
LiveOnce
Posts: 476 Forumite
Hi guys,
I have a spare box room in the house, it's big enough to fit a large single bed in. I do not want to rent the room out/do shared living thing, but I want to explore how I can make money from it.
What options are there? It could be like a temporary accommodation.
Any ideas would be appreciated
I have a spare box room in the house, it's big enough to fit a large single bed in. I do not want to rent the room out/do shared living thing, but I want to explore how I can make money from it.
What options are there? It could be like a temporary accommodation.
Any ideas would be appreciated
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Comments
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Prostitution? Sorry, couldn't resist :-)0
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I have a friend who uses her spare room as a B&B, she is on a website where people can book, I think her room is about £30 a night and she can just allow bookings when its convenient for her.0
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You could rent it out as storage space. https://storemates.co.uk/index.php
Discussed here - https://forums.moneysavingexpert.com/discussion/comment/50474373#Comment_50474373The best portion of your life will be the small, nameless moments you spend smiling with someone who matters to you.0 -
You could rent it to a small business (home office) or off a small craft studio. They could be there during the day and wouldn't encroach on your evening and weekends.Eat vegetables and fear no creditors, rather than eat duck and hide.0
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You could rent it to a small business (home office) or off a small craft studio. They could be there during the day and wouldn't encroach on your evening and weekends.
There could be restrictive covenants preventing business use at the house. Also there would surely be a limited market as most business people would just use a room in their own house for this purpose.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0 -
It could be like a temporary accommodation
Are you in a large city? YOu could look at Mon-Fri type room lets, for peeps working short contract.
Other than than, let 'Mr Big' keep his drugs stash there?0 -
You beat me to it!puppypants wrote: »Prostitution? Sorry, couldn't resist :-)
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Hi guys,
It is in Zone 4 North West London. 0 -
lincroft1710 wrote: »There could be restrictive covenants preventing business use at the house. Also there would surely be a limited market as most business people would just use a room in their own house for this purpose.
But some people may not have a spare room in their house.
I would have thought there would be plenty if people in London that want to 'work from home' but don't have the space.
In terms of the covenant, it needs for the homeowner to be found out and the covenant beneficiary to take section.Eat vegetables and fear no creditors, rather than eat duck and hide.0 -
You could try renting it out to small independent film companies who need a bedroom "set".0
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