{"id":768,"date":"2015-08-23T00:00:00","date_gmt":"2015-08-23T00:00:00","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/children-gone-to-university-dont-let-their-room-go-to-waste\/"},"modified":"2018-02-20T02:45:41","modified_gmt":"2018-02-20T02:45:41","slug":"children-gone-to-university-dont-let-their-room-go-to-waste","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/children-gone-to-university-dont-let-their-room-go-to-waste\/","title":{"rendered":"Children gone to University? Don\u2019t let their room go to waste"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><img loading=\"lazy\" src=\"\/uploads\/media\/university.jpg\" alt=\"\" width=\"300\" height=\"202\" align=\"textTop\" \/><\/p>\n<div><span style=\"font-family: Verdana; font-size: 10pt;\">At this time of year, hundreds of thousands of students head off to university or college for the new <a class=\"wl-entity-page-link\" title=\"Contractual term\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/contractual-term\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/contractual_term;http:\/\/yago-knowledge.org\/resource\/Contractual_term;http:\/\/rdf.freebase.com\/ns\/m.02rfhkx;http:\/\/dbpedia.org\/resource\/Contractual_term\" >term<\/a>.\u00a0Whilst this can be a difficult time for parents, the extra <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/room\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/room;http:\/\/rdf.freebase.com\/ns\/m.06ht1;http:\/\/dbpedia.org\/resource\/Room\" >room<\/a> in the family <a class=\"wl-entity-page-link\" title=\"homes\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home;http:\/\/rdf.freebase.com\/ns\/m.01l0mw;http:\/\/dbpedia.org\/resource\/Home\" >home<\/a> can help parents boost their income, reports the <\/span><span style=\"font-family: Verdana; font-size: 10pt;\"><em>Daily Mail<\/em><\/span>.<\/div>\n<p><strong style=\"font-family: Verdana; font-size: 10pt;\">Renting the Room<\/strong><\/p>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">Although the room may need to be available when the child returns in university holidays, it is worth considering letting the room in the short-term.\u00a0Many people are paying for their son or daughter\u2019s university accommodation by letting out their <a class=\"wl-entity-page-link\" title=\"bedrooms\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/bedroom\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/bedroom;http:\/\/rdf.freebase.com\/ns\/m.02_58j;http:\/\/dbpedia.org\/resource\/Bedroom\" >bedroom<\/a> at <a class=\"wl-entity-page-link\" title=\"Housing estate\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/housing-estate\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/housing_estate;http:\/\/rdf.freebase.com\/ns\/m.01rtvp;http:\/\/dbpedia.org\/resource\/Housing_estate\" >home<\/a> during term time.<\/span><\/p>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">For students, a room in a <a class=\"wl-entity-page-link\" title=\"houses\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/house\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/house;http:\/\/rdf.freebase.com\/ns\/m.03jm5;http:\/\/dbpedia.org\/resource\/House\" >house<\/a> can cost \u00a3348 a month, compared with \u00a3409 living in halls, according to a well known flat sharing website.\u00a0Earning money from <a class=\"wl-entity-page-link\" title=\"rental\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/renting\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting;http:\/\/rdf.freebase.com\/ns\/m.01y857;http:\/\/dbpedia.org\/resource\/Renting\" >renting<\/a> their room at home can offset these costs.<\/span><\/p>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">The <\/span><span style=\"font-family: Verdana; font-size: 10pt;\"><em>Daily Mail<\/em><\/span> reports that Sarah MacAndrew, from Fulham, South-West London, found that overseas language students paying \u00a3120 a week are the perfect lodger.\u00a0\u201cNot only are they here for just one to three months, but they are vetted by the language schools, so I have peace of mind,\u201d says MacAndrew.<\/p>\n<div>\u00a0<strong style=\"font-family: Verdana; font-size: 10pt;\">Tax implications<\/strong><\/div>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">As well as drawing up some ground rules for your lodgers, you should consider the tax implications of renting a room.<\/span><\/p>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">Under the Government&#8217;s Rent a Room scheme, you can earn up to \u00a34,250 a year tax-free from renting a furnished room in your home.\u00a0If you own the <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a> jointly you can earn up to half this amount (\u00a32,125) each.<\/span><\/p>\n<p><span style=\"font-family: Verdana; font-size: 10pt;\">You should also make sure that you are able to take in a lodger \u2013 for example if you rent the property yourself or you live in a local authority home. You will need to let your home insurers know and, if you live on your own, you will lose your council tax single person&#8217;s discount.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At this time of year, hundreds of thousands of students head off to university or college for the new term.\u00a0Whilst this can be a difficult time for parents, the extra room in the family home can help parents boost their<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/children-gone-to-university-dont-let-their-room-go-to-waste\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/children_gone_to_university__dont_let_their_room_go_to_waste","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/768"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=768"}],"version-history":[{"count":3,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/768\/revisions"}],"predecessor-version":[{"id":15177,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/768\/revisions\/15177"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=768"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}