What can I do with my spare room to make money?

Asked by Mary Pruitt on September 14, 2021

Categories: Home and garden Interior decorating

Rating: 4.6/5 (57 votes)

There are many ways to make money from a spare room. You can start a separate business in your spare room or can rent it for a temporary or permanent period depending on the requirement.

  1. Rent it out.
  2. Find a lodger.
  3. Start a business.
  4. Make it a storage space for others.
  5. Rent it to foreign students.

What can I do with an extra bedroom apartment? Here are some of the ways you can use the spare bedroom in your apartment to complement your lifestyle.

  • Design a Library.
  • Turn It Into a Bar.
  • Create a Home Office.
  • Make an Arts & Craft Studio.
  • Set Up Your Own Workout Room.
  • Makea Mini Mudroom.
  • Add a Beauty Room.
  • Turn It into a Second Living Room.

How many bedrooms do you need? Ideally, your house should have enough rooms per person to sleep individually + one room for guests or an office. In other words, if there are two adults and one baby, the ideal number of bedrooms would be four. For two adults and two kids, the ideal number of bedrooms would be five and so forth.

What can I turn my living room into?

  • Kid's Playroom. One of the most popular alternatives uses for a formal living room is a kid's playroom.
  • Library. If you are among the millions of people who love to read for fun, then the idea of turning the formal living room into a library will appeal to you.
  • Music Room.
  • Game Room.
  • Exercise Room.
  • Home Office.
  • PersonalBar.

How do I let my room spare? Top 10 tips on renting out a room

  1. Advertise your room. You'll need to promote your room to potential tenants.
  2. Vet your tenants.
  3. Write an inventory.
  4. Decide how long to let your room for.
  5. Set some ground rules.
  6. Know what facilities you have to provide.
  7. Tell your mortgage lender.
  8. Inform your insurer too.