Hi All, looking for a little advice I’m living an away from our house in Dublin, my wife’s father lives alone and needs some extra family support. I still need to come up to Dublin with work but it means I have a spare room in Dublin that I’d like to rent out as it’s a bit of a struggle at the minute.
Conscious our circumstances could change and don’t want to take the piss. The area can be colour but the neighbours are amazing and the house is nice, with space to wfh if needed. What would be a fair rate for someone? Would it be bad to consider it for a students until we know what we’re doing long-term?
I want to include WiFi, bills etc. as I’ll still be up at least two days a week.
Edit:
Just wanted to say thanks for all the advice! It was really helpful. I’m very conscious of the country we live in and how hard it is to get place so I had a few messages from people and hopefully I can hit the right balance.
It will be a licensee rather than a tenancy. But this would be a good deal for someone. As they'd have the place to themselves a lot. Rent wise you can avail of the 14k tax free rule per year so i wouldn't charge more than that per month. Roughly 1100 euro. But you can charge lower if you feel its fair. You say the place is colourful which to me means a busy inner city location. You'll find people looking for short term. Erasmus or masters student would be perfect. Even if your situation changes you know they plan to move on reasonably quickly.
1100 euro is crazy talk. Find someone sound with a gaff down the country who wants a place during the week. What student can afford 1100??!!
€1,100 is about today's going rate depending on location. Student accommodation costs more in the majority of circumstances, and that's only for a room. Seems like the person who takes this may have alot of space to themselves alot of the time.
This really great advice. Thanks! I don’t know if I’d try swing €1,100 seems a bit high for a students, but it might interest the right person the location did for us any way.
Don't include electric or heating bills in the rent as they may take the piss with wasteful usage (using electric heaters in their rooms, etc). For such bills that vary based on usage you should split them equally between you. For fixed bills (wifi etc) you can include those in the rent.
Just keep in mind that the rent a room allowance of €14k includes contributions to bills btw. Once you go a penny over that in the fiscal year, the whole sum becomes taxable.
Ok, great shout on the bills – makes sense. I can’t see using going past the 14k but I’ll keep it in mind. a
New housemate might have crypto miners and e-car fleet or just shower evey hour.
Maybe start with an Erasmus student, someone who just needs a room until June. That will help you figure out what works for you and what you want longer term . And it will be a huge help to the student, such rooms are hard to find, and sounds like you are central which is a big benefit also. Maybe someone a bit older since you won’t be there much
Nothing wrong with students if you find someone decent, you could reach out to NCI and let them know you’ve a room in the area; alternatively you could contact the mater or any of the hospitals near by to advertise it and get someone in. You could end up getting a medical student on rotation in Dublin for 6 months and it will give you breathing room without committing to something longer term.
In terms of price, what’s the house costing you per month and work out what percentage of that you want to get back from someone.
You're looking for a lodger. You dont have to register with the RTB. Never include bills. You will get hit with €400 a month heating bill as there is zero incentive to turn if off. Nobody expects bills included since the huge hike in energy costs.
its a question for you - what are you looking for?
I know what I want - somebody who pays the money and leaves me alone, doesn't imagine a friendship for life etc.. I don't do cleaning schedules - everybody must clean up after themselves. I'm looking for an adult who I don't see from one end of the month to the other.
Its a balancing act. I post an ad and filter through the responses. Most fail the IQ test and when you find a few you might meet, create a window of time for these people to visit. Don't turn your entire life over to being available for them.
When you offer them the room, get photo ID and proof of their current address. Whether you bother with references is a matter for yourself. you are giving them a key to your home so the boundaries need to be clear. For example Can they bring one night stands into your home??
Do you mind me asking where would you find someone? Is typically Daft.
I don’t mind if them having a one night stand once they take their shoes off.
Why not go with the rent a room scheme?
I would not include bills as it can be used against you in future, bins can be included Say temporary 3months or so … with “possibility to extend”
What do you mean used against me in future? Appreciate the advice.
My friend sublet his room and then got a 400€ bill as person just had Spanish summer at home. I would be very careful with that