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 Should I rent out my rooms or find housemate ?

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TSranismynickname
post Mar 14 2023, 10:15 PM, updated 3y ago

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As the tittle implies. At the moment, all of my study friends are leaving the apartment we renting ( 3 Rooms ) and its just left alone with me.

I was thinking of leaving the house aswell but since the place is quite convenient for me to go to my work place ( of course, there is better ones ) and I'm already quite comfortable, i am quite reluctant to find a new place to stay.

So at the moment, these 2 options are the ones that popped inside my head.

So I either find a new stranger housemate, or, rent out the other 2 extra rooms.

For context, its not really that fancy of an apartment, its your average medium-low apartment where the bare necessities are there, and due to being a "bujang" house, its not really that maintained over the past few years.

If anyone have any suggestions, im sure both of these have their pros and cons, but to me, they seem the same. Regardless, in one way or another, i might need to make the apartment look more appealing so that others will want to stay right?

Does anyone have any suggestions on this matter? Im new to this whole renting out a room thing or, finding strangers housemates. Do i need to get some sort of deposit payment with them regardless? Make some sort of written contracts etc etc.

If theres anywhere I can read about this from A to Z, that would be great aswell.

This post has been edited by ranismynickname: Mar 14 2023, 11:08 PM
Femsroot
post Mar 14 2023, 10:18 PM

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For a split second there I read “bra necessities”
jojolicia
post Mar 14 2023, 10:37 PM

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Obviously, 1 consideration which only you have the answer.

1. Move out to a room (if you don't need a private living room/ kitchen) with modern facilities. Gym, pool etc

2. Rent a studio unit if you need the 2 aforesaid with facilities if budget permits.

You may be un-bujang with a common facilities living

This post has been edited by jojolicia: Mar 14 2023, 10:43 PM
jojolicia
post Mar 14 2023, 10:42 PM

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Dp

This post has been edited by jojolicia: Mar 14 2023, 10:43 PM
nexona88
post Mar 15 2023, 12:27 AM

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Personally...

U better get out from there asap...
Don't be too comfortable with the place...

Find the new place with the level of working class...

Previous study days lifestyle & flat / apartment need to be left behind...

Sakurako
post Mar 15 2023, 08:44 AM

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when u mean comfortable and suitable for "bujang", i assume the location is strategic to your workplace, place to find food etc., and is a decent house (old house & less fancy).

If u know what u need and u are saving some fund for future house, my suggestion yes u can continue staying there, u can do slight furbishing (Paint the wall & provide basic furniture: bed mattress, wardrobe, table, fan/air-cond), u may rent out your room via ibilik website. The rental rate shall subject to your surrounding rate + what you offer. Yes you need to draft out a contract


DragonReine
post Mar 15 2023, 02:44 PM

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VERY IMPORTANT QUESTION:

Do you own (i.e. buy yourself, or owned by family like parents etc.) the place?

If you're renting, got to make sure your landlord allow subletting. Last thing you want is your butt lit on fire by landlord and get kicked out if you bring in bad tenants.

and if you're renting, be aware that if you're letting out rooms, you'll likely be forced to manage the place like a landlord because that's the expectations that will be placed on you for subletting out. This means you may have to take responsibility of repairs etc.

Whether that's worth the trouble of managing tenants, you'll need to decide.

Personally I'd recommend moving out to a smaller place you can manage yourself, IMO the problem of managing strangers is too much hassle for a young working adult to spend free time on, unless you're actively profiting off it (vs trying to cut cost) tongue.gif

 

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