Over the last few years, the cost of rent in the UK has risen considerably. It seems that rent is going up almost monthly if you take a look at what’s available and at what price on and, as such, many individuals are struggling to afford to remain in properties on their own when rent is increasing at such a rapid rate. As such, we’ve seen a considerable increase in those taking the decision to share a house with others as opposed to living on their own in an attempt to keep rent at an affordable level and still have a little bit of money left in the bank at the end of the month.

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Shared accommodation is on the increase, it’s a fact.  Some people may find themselves sharing a flat or house with numerous tenants, others may open up their homes and spare room to a lodger, but in either case finding the right tenant is paramount.

The first port of call for most when looking for a new room-mate will be the internet of course.  It’s the place we all go to connect and communicate and it has undeniable benefits with regards to reaching a large audience.  However, the internet may have some downsides when we concentrate on a small geographic area and if you want to find a suitable local to be your new room buddy, leaflet marketing can come up trumps!

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It can be said that buying to renovate has become somewhat of a trend to make some extra cash.  But renovating to live in can also deliver some money-saving delights with a property custom made to the vendors’ requirements.  However, it is not something to enter into lightly as it is a large commitment, and poor budgeting and planning can lead to unnecessary over-spending.

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Pricing up your room(s) for rent can be a little daunting, you don’t want to under or over charge.  changing rent rates down the line can be awkward and end up costing you tenants so you want to make sure you get the price right at the start.

Calculating the rent for 1 or more rooms in a property need not be a chore, it can be quick and easy.  All you really need to do is some quick local research on rental prices for rooms and properties, then look at the number of rooms you have, their sizes, their utilities and the cost your property has on a monthly basis (bills, etc) then split the room rents up based on these findings

For more information and examples on pricing up rooms for rent read our article on : How to price up rooms for rent