The top 5 reasons why you should rent out your spare room

Claudia

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So your spare room is just sitting there, sad, empty and alone. Need some inspo of what to do with it? You could fill it with junk from your long-lost hobby that you know you’re not going to take up again. Or you could fill it with an incredible new flatmate. We know what we’d pick!

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Living with strangers can seem daunting and inviting someone you don’t know into your space can seem, well, weird. But did you know about all of the benefits having a flatmate can bring? Emotional, financial, social, security, the list goes on.

Almost half of you say that strangers make the best flatmates, so we’re not just being biased, the stats hold up.

Need more convincing? Check out our top 5 reasons below to clear out that spare room and list it on flatmates.com.au.

1. Help those in need

In case you’ve been living under a rock (in which case, you’re probably actually very well versed on how hard it is to find a home right now), we are in the middle of a rental crisis. Across the country from the regions to the cities, there are not enough homes to support all of the people who need a place to live.

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On Flatmates alone in July 2022, we welcomed 37,000 new members, the majority of which were seekers (people looking for accommodation). Only 18% of these new members created property listings, with the rest seeking out accommodation, meaning that property availability is sitting pretty low and competition is, well, high. If you want to help alleviate some of the pressure from this crisis, you can list your spare room now on Flatmates.com.au.

2. You’ll always have company

Two’s company, three’s a crowd and one is the loneliest number! If you’re lonely living in your home alone and you’re after some company, get a flatmate.

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Whilst you might not want or need a bestie, having someone around who you know will leave the light on for you when you’re coming home late, or make you a nice cuppa when you’re watching The Masked Singer, can make you go all fuzzy inside. You’ll have someone around to cook with, swap some stories with and even water your plants and walk the dog when you’re out.

3. You’ll make money moves

Did you know you could be sitting on a small fortune while that spare room gathers dust? Find out how much your spare room could be making you via our Value My Room tool. It will show you the average price for a room in a share house in your suburb and the ratio split of people looking versus rooms available (the supply and demand).

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Save for your European holiday, help pay off your mortgage or just have more money left at the end of the month. Whichever way you see it, renting out your spare room is your greatest side hustle yet.

4. You can split the details

When moving out of home or in by yourself, people always think about the added costs of covering the whole rent and all the bills, but it’s those cheeky every day household items that sneak up you – you know your toilet paper, dish soap and pots and pans. Sharing means you have someone around to split the details with.

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Speaking of splitting the details – did we mention the help you’ll get with chores? No longer a solo job, chores can be split 50/50, so you’re not stuck spending your Saturday morning cleaning the toilet (well, at least only every second weekend).

5. You might just make a best friend

The final and best benefit of sharing, is the friendships you’ll make. And a flatmate could become a best friend for life.

Maybe you’re after a flatmate who can fit in with your lifestyle. Are you wanting a flatmate who will become your gym buddy or who is a bit of a green thumb? You can really find whatever you need on Flatmates.com.au. Our key-word search located in your search filters will help you hone in on a flatmate who matches your lifestyle vibes.

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So go on, what are you waiting for? List your spare room on Flatmates.com.au and come and see for yourself, just how much better life can be when it’s shared.

author

Claudia

claudia@flatmates.com.au

@claudiaconley_

Claudia is Flatmates' Associate Product Manager and looks after our Flatmates Community. She loves her share house, her plants and her side-hustles.