Times are tight for everyone, which means that while you’re working hard in your job and spending time away from the house you saved so hard to buy, you can only expect a very slight rise in your wages this year, if anything at all. You have spent your money on your house, and the maintenance and ongoing repairs are costly. So, the sensible thing to do is to figure out how your home could be making money for you, creating an extra income stream that’ll make things easier to manage.
All it’s going to take is some imagination and a plan. You may have worked very hard for the bricks and mortar that you’ve paid for, but that doesn’t mean that you can’t make it work for you, too. Here are some of the most inventive ways that you can earn some dosh from your house.
Get A Lodger
If you’ve got a spare bedroom, then you have the ability to rent it out and earn a little money for it. Check out the legalities surrounding the Rent A Room scheme, but as long as you’re not making more than £354 per month in rent, you won’t have to declare tax. It may not sound like much, but it can make a big difference to you over the course of a year and you could also make a really good friend out of it.
AirBNB
One of the most popular ways that you can make money from your home is to rent it out, and if you have a pied-a-terre that you’re not using, then looking into AirBNB management can mean that you can let it out for short periods of time and have someone else look after it for you. If you’re in an affluent area, check around the rates of other homes that are up for holiday let and try to go that tiny bit lower.
Rent The Drive
You don’t have to rent a room, but what about the empty driveway outside? If you’re not using your car, or yours is in the secure garage, then you have some premium space that you can make money from. Parking is expensive, and you could charge less than the car parks in the area and have more interest.
Make Your House Famous
Did you know that film crews often look for houses to film in for television? You can rent out your home for television companies to use and earn money from it that way. The price does vary depending on where you live, and the crews will always put your home back to the way it was before they came in.
Your home may have cost you a lot of money, but it doesn’t mean that you can’t earn something back from it. Whatever you can earn will boost your overall quality of life, so why not go for it? Your continued efforts to create a second income stream could be right under your feet – literally!
*Collaborative post*
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