While everyone loves the idea of having a “man cave” or a designated craft room, library, music room or meditation space; having a spare room in your house can also mean extra cash.
If you are semi-retired or retired, the rising cost of living can create constant stress, fear and worry. Reverse mortgages are often advertised, yet may not be the ideal solution for everyone.
While it may mean moving a few things around, your spare room can start earning you a part- time income as early as next month, without having to get a job or even leave the house! Your spare room can earn you a part time income by opening it up to someone looking for a place to rent whom you would enjoy having around.
For many adults who have started home sharing, they are surprised at how easy it can be. “People at this age tend to be respectful of each other’s time, space, and things,” said Barbara, a long-time landlord. “People usually have their own lives and tend to just cross paths in the house going here or there more than anything, and after a while it becomes kind of comforting actually!”
Certainly, clearing out a spare room means moving your stuff, and finding a place to purpose it elsewhere. Time to get creative! Is there another corner of your house that can serve as the craft section, reading nook or man cave?
Sometimes rearranging furniture around with fresh eyes can do wonders to create new functions based on your current needs, as well as uplifting our spirits.
With many home owners earning close to $10,000 per year by renting out a single spare room, it may be worth it!
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.