This option isn't for everyone but it is perfect for those who wish to consider this extra income.
If you have a spare room and you find that you using it for storage, it is the perfect time to clean out the spare room. Some families may be uncomfortable living with strangers in the home. Before you make a decision, do discuss with your family members and I'll list out three reasons why it's a great money making idea to rent out that spare room.
1) Extra income of a few hundred a month, depending on the agreed rent.
2) Your tenant can be a great help esp. if there is an emergency
3) You learn to live with others better
How to get started:
Search for local rental websites and post an ad for your spare room
In Singapore a room may be rented from $300 up to $1500 depending on the home type, size, furnishings, number of persons, facilities.
Look out for my next post on how to place an ad for your room. Leave your comments below!
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