If you’ve been looking for a way to make a few extra dollars and lately, you’ve been thinking more and more about renting out one of the empty bedrooms that you have inside of your home, that actually could prove to be a really smart move. So long as you thoroughly interview each prospective renter, you run a background check and confirm their job and rental history, you are well on your way to making money without having to do any strenuous work.
But before you hop on a website like Craigslist to post an ad, remember that the best way to attract individuals is by making sure the room that’s available is well-furnished. If you’d like a few pointers on things that you should do and also things that you shouldn’t to prepare you renter’s room, here are three of each.
DO go with neutral shades. One thing to keep in mind when preparing a room for a renter is that unless your ad specifically says that you prefer a particular gender, you could end up with a man or a woman living inside of your home. For this reason, when it comes to the paint and general decor, it’s best to go with neutral shades, or colors that will be appealing to both men and women.
DON’T do a lot of personalizing. Being that you don’t know what the individual’s personal taste is, try and avoid doing a ton of personalizing. Remember, what you might find to be inviting in a room may not be what your renter does. Leave the personal touches up to them.
DO make sure there’s a bed and dresser. Although you could advertise the room that you have as one that the renter needs to furnish themselves, you’ll probably get a lot more applicants if you provide the space with the bare necessities. For a room that you plan on renting, a bed, dresser and possibly a chair and nightstand should be more than enough.
DON’T consume yourself about artwork. No one really likes having bare walls inside of their bedroom. At the same time, when it comes to artwork, different people have different tastes. So, aside from perhaps an art deco mirror, avoid hanging any art. However, do let prospective renters know that they are free to hang some once they move in.
DO have an area rug and some colored blinds. When it comes to window treatments, this is also something that a lot of people have personal preferences about. However, for the sake of privacy and room staging, do make sure that you have some neutral-colored blinds hanging. Also, in order to protect your flooring, it is always a good idea to put down a neutral-colored area rug as well. In fact, you might want to pick up a couple of different ones, just in case the renter prefers one look over the other.
DON’T be surprised if the renter wants to make some changes. If you were to speak with someone who works at a company like American Flyboys Housing LLC about something else that you should take into consideration when furnishing a room inside of your home, something that they would probably tell you is to not get too attached to how the room looks before your renter moves in. While you should definitely have in your rental agreement that they should consult you before making any major changes, remember that they are renting the space. Therefore, they have the right to change the area to represent their personal interest and tastes. For information on things that you should know before renting out a room in your house, visit Money Crashers and put “guide to renting out a room in your house” in the search field.