The
idea of house and flat share has many benefits for both parties - the
landlord and the tenant.
The
tenant has the ability of generating additional income from a spare
room(s) which can either fund lifestyle or indeed help pay the mortgage.
Under the UK's rent a room scheme the Inland Revenue allow a certain
amount per year to be earned tax free.
Many
people disillusioned with returns with their pension plans have turned
to buying properties to rent. In University Towns it is ideal to buy a
property and in turn rent out individual rooms to students in
multi-occupancy houses. In many instances this method generates more
income than could be had if the property was rented out as a whole.
Alternatively a number of tenants can club together to rent a large
house.
Some
people like to rent out rooms in their property, where they live, to
bring a buzz into their lives. Some properties can feel very empty when
in single occupancy! Just having someone there in the property, not
necessarily in the same room can be a comfort. The spin off with this,
in certain instances, can lead to a widening of one's social circle.
To
the newcomer to an area, renting a room, can assist with the
"settling in" process. Other tenants or the insitu landlord
can provide a wealth of local knowledge that could otherwise take months
to learn. Some people who are away from home for the first time, often
welcome the opportunity of a "new family" in the early months
- renting a room may well help the wrench and upheaval of this first
move.
So
renting a room or a house is often not just a financial arrangement.
Their are many social, emotional and human issues that can also benefit.
Traditionally
these rooms/flats/houses were advertised or found via newspapers, the
corner shop adverts or word of mouth. The Internet has simply become a
much more efficient channel for all concerned! Sites are appearing
everyday to satisfy this demand and most areas are now covered.
Good
luck with your search!