With HomeShare Online’s homesharing platform, it’s easy to create homesharing agreements with clear and specific terms. The biggest question we get about rent, though, is "How much??" Home providers want to know how much they can charge for their space, and renters want to know how much they can save by homesharing compared to market rent rates. Here's how HomeShare Online helps users answer those questions.
How much is my room for rent worth?
No two homes are alike—each comes with its own quirks and benefits. Some of the most important factors that contribute to the rental price you can charge for room(s) in your home include:
- Where your home is located: Neighborhood, school district, walkability, etc.
- The amenities you offer: Covered parking, on-site storage or laundry, bills or utilities included, etc.
- The square footage of the room(s) for rent
- Common areas the renter will be able to access (kitchen, living spaces, office, garage, etc.)
Not sure how to determine how much you should charge for your space? Not to worry—HomeShare Online will automatically suggest a monthly rent amount for your space based on the details you enter.
I need help with ongoing home maintenance. Can my renter help me out in exchange for lower monthly rent?
One of the best things about homesharing is that it’s so flexible. You can design the living situation that works best for you and your housemate—including custom arrangements like reduced rent for help around the house (dog walking, pet sitting, help with transportation/rides, lawn mowing, etc.).
If you’re interested in this idea, just make sure you and your new housemate communicate and agree on terms you’re both comfortable with. We also recommend you avoid medical or caregiving task requests—leave those up to the professionals!
How much do HomeShare Online home providers earn by homesharing?
On average, HomeShare Online home providers earn about $10,000 in rent each year, or roughly $750 each month. What would you do with an extra $750/month?
How do I decide on a rental price?
Many of us have not thought about how we would determine an appropriate monthly rent price for space in our home. That's why the HomeShare Online signup wizard includes a rent calculator that provides suggestions based on your property details.
Sign up at HomeShareOnline.org to test it out!
How much do HomeShare Online renters save by homesharing?
On average, HomeShare Online renters save about $850/month compared to what they would pay for a one-bedroom apartment. If you’re a renter, you can find out the going rate in your area by visiting our listings page here.
Homesharing is a great way to bring in some passive income while enjoying companionship, help around the house and more. HomeShare Online is built to make it as easy as possible to calculate a fair price for your space, find a roommate compatible with your lifestyle and set up a mutually beneficial homesharing arrangement. Learn more and sign up at www.HomeShareOnline.org.
Homeshare Online Team: Oct 8, 2021 7:55:24 AM