Relocating and looking for an affordable housing option? Consider renting a room in a private home in the beautiful state of Michigan. The "Great Lakes State" provides a diversity of attractions and living environments. It is also one of the most affordable states to live in and boasts a low cost of living while maintaining wages which are at or above the National average.
Where to Live in Michigan
Aside from the obvious benefits of living in or near a major city like Detroit, with its business, entertainment, and cultural activities, Michigan has a number of other desirable areas in which to live and work. Ann Arbor, Kalamazoo, and Ypsilanti are major college towns with established industries, thriving arts scenes, and world-renowned science and research facilities. Ann Arbor's Main Street was voted one of the 'Best streets in America.' Traverse City, to the north, offers small-town charm combined with the convenience of city living.
Outdoorsmen and sports lovers will find heaven on earth in any of the medium to small cities, suburbs, and rural areas that make up the bulk of the state. Lake Huron, Bay City, and other aptly-named cities throughout the northern and western parts of Michigan are Meccas for water sports enthusiasts, fishermen, hunters, and nature lovers alike. For a unique living experience, try Mackinaw Island, a car-free city in the Upper Peninsula that has a European feel.
If the rules and terms are clear from the outset, renting a room in a private home provides numerous benefits to both the landlord and tenant.
The renter has the possible advantage of increased storage, as well as a yard and other amenities, without the investment of time and money for upkeep. The rental amount is lower than renting a whole house or apartment and the rental amount is usually all-inclusive, so expenses are fixed.
Other benefits include:
- Furnished rooms and living areas.
- Better neighborhoods.
If you choose to rent out a room in your home, you have the advantage of extra income every month, help with paying your utilities, and certain tax advantages towards maintenance and upkeep. Depending on the size of the room, the amenities offered, and the market, an average Michigan landlord can make enough extra income to cover their mortgage payments and most of their monthly expenses. You also have companionship and the opportunity to meet a variety of people. List your extra room on RentalAds.com today!