Furnishing Rooms To Rent Out, And How Much To Spend

The high price of property in London and the surrounding area makes renting a flat unaffordable for many people. This in turn creates a huge demand for room rentals, and with the Rent a Room scheme offering a tax-free allowance to live-in landlords of £7,500 from April 2016, letting out a room or two in your home has become an even more attractive way of subsidising the costs of home ownership. But such rooms need to be furnished, which begs the question: how much should you spend on furnishing rooms to rent out, and what should you provide?