Will it rent?

imokyrok

I'm thinking of renting a single room out. Location is a twenty minute walk from Rush shops. The renter would have use of sitting room, kitchen and garden and would be house sharing with two young men. Close to a beach. Lovely location. However I would need to invest in about €2000 to put in a kitchen so I want to be sure it would rent so I can make the cost back. Any thoughts?

Bob24

imokyrok wrote: »

I'm thinking of renting a single room out. Location is a twenty minute walk from Rush shops. The renter would have use of sitting room, kitchen and garden and would be house sharing with two young men. Close to a beach. Lovely location. However I would need to invest in about €2000 to put in a kitchen so I want to be sure it would rent so I can make the cost back. Any thoughts?

Unless the house is in awful condition, why wouldn't it rent? (especially with nowaday's crazy rental market)
I guess the question is more will the rental value match you expectation. I don't know the market there but I assume there must be demand and if you set your price to match it you will have no problem renting it out.

It probably would rent alright. When I shared with other fellas none of us were exactly cookery experts... :pac:

Unless the kitchen it truly atrocious. Thats a lot of money to spend if you dont really want to do it.
Is it a fitted kitchen? Could you replace the worktops and put in new taps to clean it up?

the_syco

imokyrok wrote: »

However I would need to invest in about €2000 to put in a kitchen

What's missing that you need to throw in €2000?

myshirt

the_syco wrote: »

What's missing that you need to throw in €2000?

The entire kitchen.

Wesser

2k for a kitchen is cheap.

ted1

Wesser wrote: »

2k for a kitchen is cheap.

You

ted1

You could get a kitchen in Ikea for about 500 basic , but would be grand for renting

Then you need appliances

Rachiee

The rent should reflect that its not an ideal location (most people renting a room want to be close to city centre) but the market is really stretched so dont see why it wouldnt rent. Im not getting the issue with the kitchen are you building a second kitchen so that you dont have to share a kitchen with the renter? Are you worried the current kitchen is not in good enough nick?
Would you not have to do the kitchen either way?

dori_dormer

There are some basic legal requirements for renting so you should check them outt regarding the kitchen area.
The price you would get would depend on the kind of person you hope to rent to. A professional would probably want a kitchen of sorts. And also if it's going to be a tenant or licensee that changes the price

dori_dormer

dori_dormer wrote: »

There are some basic legal requirements for renting so you should check them outt regarding the kitchen area.
The price you would get would depend on the kind of person you hope to rent to. A professional would probably want a kitchen of sorts. And also if it's going to be a tenant or licensee that changes the price

It sounds like a licensee situation so there are no legal requirements.

imokyrok

Thanks. Lot of encouragement there. I will be putting in a second kitchen as mentioned above. Due to illness I'm not able to look after a lodger so I plan to lock off part of the house for my two adult sons to share with one other renter. Theyll basically have the equivalent of a 3 bed semi.

I just was concerned living a 20 min walk from from shops, 30 from train, 15 from bus might make a single room unappealing.

imokyrok

ted1 wrote: »

You could get a kitchen in Ikea for about 500 basic , but would be grand for renting

Then you need appliances

That's the plan. Ikea kitchen. Plumbing is in ideal position to run through to the new kitchen so easy job. I think I can put together an attractive functional kitchen around that price.

evolving_doors

Have you looked at daft.ie or myhome.ie for other rentals in the area. This is how you can have demand prices.
Just because you're not in the city don't assume it won't get much rent. City rent is mad money anyway. You could include some of the bills into the rent to make it attractive, as long as the renter doesn't do the dog on it.

spurious

If there will only be three of you, do you really need a second kitchen?

evolving_doors

^^^^^

imokyrok wrote: »

Thanks. Lot of encouragement there. I will be putting in a second kitchen as mentioned above. Due to illness I'm not able to look after a lodger so I plan to lock off part of the house for my two adult sons to share with one other renter. Theyll basically have the equivalent of a 3 bed semi.

I just was concerned living a 20 min walk from from shops, 30 from train, 15 from bus might make a single room unappealing.

I think they want to keep their own kitchen to themselves, which might be set up a certain way and like to keep a bit of privacy.