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Renting out a spare bedroom can help millennials and benefit homeowners

Today’s housing market features a lot of demand with not enough supply. Millennials looking for housing options in popular metros have a hard time finding anything within budget and reason. One solution to this problem is what Trulia calls “boom-mates” or baby boomers renting out their spare bedrooms to those in need of a place to stay.

rulia considered 100 of the largest U.S. housing markets and found 3.6 million unoccupied room that are perfect options for millennials. Renting out rooms in a house is an opportunity not only for renters to save money, but a supplemental income for retired and nearly-retired Americans. According to Trulia, they stand to gain as much as an additional $14,000 per year. Rent money can also help older Americans who don’t want to leave their homes afford to stay in them….

Renting out a spare bedroom can help millennials and benefit homeowners was originally published on Chicago Agent Magazine – For the well-informed real estate professional, the leading source for news and perspective for real estate professionals in the Chicagoland area.

Source: Chicago Agent Magazine

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