Could Your Home Be Earning You Some Extra Money on the Side?

Sunday, May 14, 2017

We all feel like we could do with a bit of extra money to make life that little bit more comfortable than it currently is. But how can you get your hands on that cash? Well, it is possible; you just need to think carefully and make the most of your home. THis is the biggest and most expensive asset most people have, so why not make the most of it? Here are some great ideas to help you earn more money with the help of your home.

Rent Out a Spare Room

It might seem a little strange and daunting to let a stranger into your home. But by taking on a lodger and renting your spare room to them, you can make a lot of money. And there are numerous ways to go about doing this. For a start, you could think about renting out the room on a permanent basis. You would then be the the lodger’s live-in landlord. Or you could rent out a room via a platform such as Airbnb. This allows you to rent to different people for short amounts of time. It’s up to you which route you take.

Charge People to Park on Your Land

If you have plenty of space on your land, you could charge people to park on it. This is something that is perfect for people who live close to a commuter station, a city centre or a sports stadium. In other words, in any place where low-cost parking spaces are in short supply, you can make some money if you take the right approach. You could even invest in a pre-engineered metal building and use that as a parking area if you have the space to make it happen. It will at least allow you to bring in a small sum of extra cash each month, so there is no reason not to try it.

Give People the Use of Your Garage for a Price

You could also let people use your garage if you are not using it. This could be used as a parking space, but there might be better ways to make use of your garage space when renting it out. Many people need to make use of storage space. Maybe they’ve moved to a smaller home and they don’t have a place to put all of their possessions. If you rent out your garage to someone in that situation, you could make a lot of money. Garages tend to have plenty of room for storage, and you can probably offer a better rate than some of the big storage companies too.

Turn Your House Into a Set

Finally, you could rent your home out to people who want to film in it. You could still live in the property during the filming, but you would earn plenty of money from it. Of course, you have to be willing to allow a lot of strangers into your home, and it can be quite intrusive. But filming sets are always in demand, so it could be a good option to consider.

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