Nowadays, everything is expensive, and every one of us could use an extra buck. But as a homeowner, you inherently increase your expenses with everything from home maintenance to property taxes. While owning your own home is well worth it, it can leave us feeling stressed out and trying to stretch a dollar.
You already work hard, so adding another job doesn’t sound like a great solution. But, what if we told you owning a home doesn’t need to automatically mean owing extra money? In fact, you might be sitting on a gold mine!
Did we get your attention? Good, ’cause we’re about to reveal the best ways turn your home into a cash flowing machine.
Rent Out A Parking Space
If you live close to businesses with limited parking (or a hospital with expensive parking) then you may want to consider renting out a space in that driveway. Nearby workers are sure to appreciate not having to stress early in the morning, and you will appreciate the extra income. It’s win, win!
Take In A Student
For the student away from home, housing can become very expensive and almost impossible to find. If you have an extra room, consider taking in a student boarder at a fair price. This way, you can stress less about money, and your student might be able to eat more than instant noodles!
Rent Out Your Garden
If you have space in the back, and you’re never quite sure what to do with it, then you may want to consider renting it out to someone with a green thumb. Many folks live in apartment building or don’t have the space to grow the vegetables they would like. Not only could this be a cash cow for you, but you may find yourself with some extra produce; that’s even more savings in your pocket!
Rent Out Storage Space
If you’re not one for having another person in your living space, you can at least think about letting them store some of their belongings in your garage or shed! Plenty of people have tools or extra boxes and no place to keep them. Thanks to you, they don’t have to sell their items!
Does your home have a beautiful yard or unique features? It may be the perfect venue for a wedding or even a film production! The next time you hear a movie is filming in town, see if they could use your place for the day. Not only do you get the satisfaction of extra income, but you get the bragging rights of having your home in a movie!
There are plenty of options out there for you to make money off your home. Place some ads online and try and think out of the box. Who knows, you may even be able to quit your job someday!