If you own a home and have an extra bedroom you aren’t using very much, renting it out to a compatible roommate can earn you an average of $8,000 per year in extra income. Think of what you could do with that extra money to help pay bills, do a home renovation, or take a much needed vacation.
Besides the substantial financial rewards, here are our top five benefits of having a housemate:
1- Security- many report simply having another adult in the house makes them feel safer.
2- Someone to watch the house when you are gone. The plants get watered, the pipes don’t freeze and the mail is picked up!
3- Someone to help with pets. If you are gone, a housemate can let the dog out, feed the cat, etc.
4- Save on food bills. Living alone can make cooking feel like a chore, and no one wants to eat a ton of leftovers. Sharing a few dinners with a roommate can cut costs and many start eating more well balanced meals.
5- Help if you get sick or injured. Having someone in the house is a godsend if you get sick with the flu, are recovering from a surgery or have a fall in the middle of the night.
In addition to our top five list, an overall benefit that cannot be denied is the power of company to reduce feelings of loneliness and social isolation. New studies have shown people are likely to die five years faster if they are living alone and lonely.
We are fundamentally social creatures, and having people around us keeps us active, alert and supported. It can extend our life, inspire us to be healthier, and make day to day living a little more interesting.
Why not give it a try?
You can learn more about homesharing at Silvernest.com – Silvernest boldly breaks the rules of aging so you can share your home on your own terms. We’re creating the next generation of roommates. A more modern kind. A well-matched kind. A kind that’s just your style. Because around here, the details are totally up to you.