What is one of the best ways to make extra cash?….Becoming a host family!
At Host Families we have always believed that opening up your home and renting a room has endless benefits and it seems others think so to! Money expert site ‘Money Magpie’ has recently published an article detailing the benefits of becoming a host and also highlighting the ease of this new trend. Even the Government is encouraging homeowners to open their home and make some extra cash. George Osbourne has confirmed, in the Summer Budget 2015, that the tax allowance for ‘renting out a room’ will increase from £4,250 to £7,500 commencing April 2016.
Jasmine from Money Magpie details the flexibility of choosing to become a host family, ‘If you’re not sure about having someone permanently renting a room in your home, letting it to foreign students or lecturers visiting a local university or college can provide a gentle introduction…You can choose between hosting foreign students learning English as a foreign language who are usually only here for about six weeks, or university students and lecturers who can be in the country for up to six months at a time.’ This is one of biggest appeals to our hosts, that the control lay within the hosts hands. We allow all our host families to provide a calendar of when they are available to ensure we are just as flexible and understand their needs.
The Money Magpie article stresses how ‘brilliant (is it) to make extra cash and meet new people.’ but also ‘learn about foreign cultures, forge new relationships and even visit students in their home countries in the future’.
Read the Full article below and find out why we are not the only ones to think hosting is great!