Looking at options to rent out a room in my EC unit. What will be the cost involved (i.e income tax, agent fees, miscellaneous costs?) and things to look out for? Must I go through an agent?

Renting out room will not affect your property tax rate.

you will need to declare income from the room rental.

Typically room rental includes utilities and wifi.

So you need to factor this into your costing too.

Stamp duty is payable by tenant

You can go through agent if you want to.

Otherwise, post on carousell or facebook, think you'll be fine.

If you need help, can call me at 91085690.