Mayor Foley launches homesharing initiative on Limerick Northside

Limerick Northside Homesharing – Left to right; Joe Gleeson & Colm Moore (OurHomeHosts.com), Mayor Francis Foley & Michael MacCurtain.

Homesharing is proposed by Our Home Hosts as an effective way to generate income for homeowners

Mayor of Limerick City and County Francis Foley is the first to receive an information booklet about the benefits of homesharing and the data supporting it as a key component to improving the supply of accommodation in Limerick.

Commenting on the launch Mayor Foley says “It’s a wonderful initiative and a great news story for Limerick City. We support all initiatives to bring new accommodation supply on stream. I look forward to hearing how the public respond to this project.”

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5,000 booklets were created by Limerick-based Our Home Hosts which are being distributed to all Northside homes over the coming weeks. With over 6,000 empty bedrooms on the Northside of Limerick, increasing the number of households that homeshare is proposed by Our Home Hosts as an effective way to generate €6,000 to €10,000 annual additional income for homeowners and add supply to the property market for renters.

“The growing levels of employment in Limerick have increased demand for Limerick Northside homesharing from working professionals and students. There is a huge demand for bedrooms in homes here. The booklet has insights from 60 homeowners who homeshare already in Limerick and aims to share the basics of the arrangement with a wider audience. Over 250 people are applying to our rooms in Limerick at the moment. We make life easier for the homeowner by handling all enquiries and only connecting them with applicants who are a fit with their requirements. The message is loud and clear that demand is there for the empty bedrooms in family homes.” says OurHomeHosts.com CEO Colm Moore.

The booklet contains information based on the experience of Northside hosts and aims to share the pros and cons of hosting, what to consider before hosting and how to get started meeting potential renters. Our Home Hosts, in conjunction with Limerick businesses, HoganDurkan estate agency and education providers, has a database of almost 1,000 renter profiles immediately interested in long-term homesharing arrangements.

Our Home Hosts gathers specific requirements from individual homeowners in order to find their ideal renter. These criteria are cross-referenced against the database of new and existing renters and homeowners are matched directly with 4 – 6 ideal potential renters. The homeowner can then offer a viewing to the renters and decide whether or not to proceed with renting a room to them having met them in person.

The initiative is on track to place 200 renters with Northside hosts by the end of the year and 750 with homeowners across Limerick City and suburbs. This would provide €375,000 in additional monthly income to the group of homeowners who decide to host.

OurHomeHosts.com is a Limerick-based homeshare service started in May 2022 to reduce pressure on the housing market by increasing the popularity of homesharing. The team gathers ideal renter requirements from homeowners who have empty bedrooms and then matches them with suitable renters who require local accommodation from our database. Limerick City and suburbs has 60,000 empty bedrooms and Our Home Hosts aims to bring 1,000+ of those rooms into supply.

For more information about Our Home Costs, go HERE

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