MAKING CENTS: Looking to earn cash? Put that spare room to use and rent it out

IF YOU'RE looking for ways to earn extra money in 2016 it is worth considering renting a room in your house, writes Gráinne McGuinness. 

With accommodation becoming more costly all the time, especially near urban and college centres, a spare room in your home could become a valuable source of income.

The main category of potential renters are third-level students. Edward Thurman, co-founder of CollegeCribs.ie, says the number of rooms offered for rent to students has skyrocketed in recent years.