How much would you charge for a rental room in your home.?
I would like to rent out a spare room in my home but am not sure how much to charge.
The room is actually a front living room that is never used by me. It's 500 square feet with a private entrance a private fireplace also I have added a area for sort of a kitchenette with a dorm fridge and a large toaster over . The only thing is is don't have a private bathroom. I want to include all utilities. I am going to furnish the room with a sofa bed a chair and tables the room also has a private a/c unit. How much would you charge for this and would it be by the week or month.
I am just looking for basic Ideas because I also have a room that is smaller but has a private bathroom . which should I rent out and what kind of contract would you suggest.