A brief blog post by Getdigs.ie – the premier Monday to Friday Accommodation service in Ireland.
Turn your spare room into a Monday to Friday €14,000 per annum Tax Free Gold Mine!
Day to day living in Ireland is getting tougher and tougher and with our friend in the USA smacking tariffs on anything that moves the future looks bleaker.
You could turn this
However everything is not doom and gloom, it just takes a bit of imagination on how to generate additional income. Did you know that by renting out your spare room you can earn up to €14,000 per annum Tax Free. Well if you knew this already you are in the minority.
Firstly think of what the average family could do with €14,000 extra every year:
€14,000 per year is a significant sum for an average Irish household — it could cover a wide range of meaningful expenses or upgrades depending on their lifestyle, priorities, and existing financial commitments. Here are some realistic possibilities:
🏡 Home & Living
- Mortgage Support: Contribute ~€1,200/month toward a mortgage — a big help for many.
- Home Improvements: Upgrade insulation, windows, or appliances for energy efficiency (especially with SEAI grants).
👨👩👧👦 Family Life
- Childcare: Offset part-time childcare or afterschool club costs.
- Education: Cover school books, uniforms, or extracurriculars like music lessons or sports.
- Family Holidays: Easily fund a summer trip abroad or multiple staycations in Ireland.
🚗 Transport
- Car Loan/Lease: Pay off a small car loan or lease a new family car.
- Fuel & Maintenance: Cover a year’s worth of petrol, servicing, insurance, and NCT.
💰 Financial Freedom
- Savings/Emergency Fund: Build security for unforeseen expenses.
- Pensions or Investments: Contribute to long-term financial growth.
- Debt Repayment: Knock a chunk off a credit card, loan, or overdraft.
🧘♂️ Lifestyle & Wellbeing
- Health Insurance: Pay for a solid family plan.
- Gym/Yoga/Activities: Pay for annual memberships or wellness-focused services.
- Dining Out or Experiences: Fund regular meals out, cinema trips, or concerts.
Into this!
Renting out a spare room in your house on a Monday to Friday basis makes total sense. The potential Lodger looking to rent from Monday to Friday are either professionals who have to commute long distances to work and are only looking for a comfortable room to rent home from home. Or a conscientious student looking for a place to rent and study before returning home for the weekends.
If you are looking to avail of the Irish Governments Rent-a-Scheme please checkout Getdigs.ie for advice and if you have any queries get in touch at admin@getdigs.ie