Has your house become too expensive for you? If so, you are hardly alone. According to RealtyTrak, in 2010 between 3 million and 3.5 million foreclosure warnings will be issued. This is up from 2009’s record of 2.8 million. (USA Today, Feb. 11 2010) That’s a lot of houses, that’s a lot of unhappy people.
If your house has become too expensive, one thing you can do is share your house and earn income. One of the major benefits of shared housing is that it can save you money!
Rent a room. Rent two rooms. Would the income from that rent manage the gap between what you have and what you owe? What could you charge? Do some research about rents in your area. Look at rooms for rent like yours in your neighborhood. Look at what apartments cost. Find a good price that is within the range for your neighborhood. Think also about the cost of utilities.
Don’t get greedy. Find a price that makes it a good deal for your future housemate – a person you will be living with. The room or rooms you rent could be life-savers for other people, those for whom renting an apartment is too expensive.
We need to start doubling up. We can share housing and help each other out. There are lots of people doing it. There are others who need encouragement.
Don’t you think it’s a good idea?