It's no secret that the road to homeownership is an expensive - albeit rewarding - one. Between mortgage payments and renovations, homeowners may feel their budgets stretched thin. There is hope, however: renting out your spare space.
This calculator suggests the potential income a homeowner could make if they were to rent out a private room, or the entire home.
A recent Homes.com study reveals that nearly 74% of homeowners rented out their properties to make extra money.
Within the Homes.com search filters, the income toggle highlights a listing's earning potential.
What is hosting?
If you have an extra room or an entire home, you can earn money by sharing it with anyone in the world. When you host is up to you.
How is the potential income amount calculated?
This earnings estimate assumes 15 nights booked per month at the forecasted daily prices. How much you actually make may vary with your pricing type and location of your listing, actual occupancy rate, season demand, local laws, and other factors.
How are the forecasted daily prices calculated?
The forecasted daily prices are based on average prices for listings with a similar location, listing type, and guest capacity.
How do I become a host?
Click here for more information on how to become an Airbnb host!