Savvy Senior

Dear Savvy Senior,

What can you tell me about senior home sharing programs? I’m 76-years-old and am interested in renting out a spare room in my house for extra cash and for some help around the house.

Senior Homeowner

Dear Senior,

Renting out a spare room in your house is a great way to generate some extra income and even get some help with chores around the house. To find a good fit, older homeowners often turn to “home sharing programs” that will match an empty nester with someone needing affordable housing.

But be aware that home sharing isn’t for everyone. You need to carefully consider t...