Maintaining and owning a home can be costly. With homeowners across the UK being hit hard by the living cost crisis is it the time to think about ways you can earn cash through your home? We’ve got six suggestions, including the amount you could make and who you should contact for everything from renting your driveway to renting your house to film crew, and much more.
1. Get a lodger
Do you have a spare room? You could earn money by renting it to an individual lodger. Under the government’s Rent a Room scheme you can earn up to PS7,500 in rent tax-free per year.
To get the most value for money, the room you’re offering be ideal to have a bathroom with an ensuite. However, before you begin to count the money you could earn, you’ll have to consider the advantages of having a guest within your house, for instance having a kitchen.
Also, it’s important to note that you will not be qualified to participate in the scheme if your house is converted into flats you lease out. Also, unfurnished homes are not suitable to be considered for the scheme.
How do you locate an apartment? There are many websites to search for example on SpareRoom. The site also allows you to look up ‘Monday-Friday lets’. If you select this option, you’ll earn less but you’ll still have your home for the weekend.
Another option to earning money from home would be to host students from abroad. The amount you earn will depend the location you live in and the facilities available.
2. Rent it via Airbnb during your holiday.
In the event that you do not have any spare space to rent or you don’t want to, you could still earn money by renting out your home while you’re on vacation.
With Airbnb it’s easy to post your home. You’ll not only be earning cash while away but it also means that you do not have to be able to keep your home empty for the duration of the holidays.
Are there any events that are popular in your area? It is possible to leave your house and lease it to people who attend festivals or who are visiting town for major sports events.
However, you must know that whenever you rent out your house through websites such as Airbnb there are some risks, such as theft, property damage or property damage. Make sure to read Airbnb’s guidelines for considerations.
3. Lease your parking space
If you’re not interested in the idea of letting your home be occupied by the crowds of sports and festival enthusiasts however, you can still get the most of the parking space you have at the time of events by using websites such as Just Park.
Are you near a train station or an urban area? You could lease your car to commuters. If you’re not making use of the parking spaces, it is a waste of money.
Check out this site if you want to know how to make $100 a day.
4. Lease out your garage or storage space
If you’re looking to earn money from your home, one alternative is to lease the storage space you are in possession of, such as a garage, loft, or even a spare space. The reason people are drawn to this option to store their possessions is that it is considerably less expensive than commercial storage costs.
How can you approach this? You can list your store for free through Storemates, but it automatically subtracts 16.5 20% + 20p for each transaction received from your store’s customers. With Stashbee it’s completely free to list your business and charges a modest hosting cost of 5%, which is subtracted from the profits for each booking.
Check the terms and conditions before you sign. Make sure to inform your home insurance you’re planning on registering your storage space in order to confirm that you’re protected. It’s also essential to be sure that you’re content with the contents of what will be stored, and do not agree to store your valuables.
5. You can rent your home to film and shoot photo shoots
Based on the kind of property you own, it is possible to earn a significant amount through renting the property out to film and photography shoots.
The most glamorous properties are certainly popular but all kinds of unusual and unique sets are required in movies, so it’s worth a try.
The majority of production companies are located around the M25 property, which means that properties located in these areas are likely well-known.
How do you begin? It is best to register with organizations like Locations Direct and Shoot Factory to have your home noticed. Also, be prepared to have film crews take over your house for a few days. They may need to paint, organize and create chaos. But the price will consider the inconvenience so you’ll be grateful for it over the long term.
6. Create micro-campsites
If you own a garden, you can earn some cash by renting it out as micro-camps. If you’re thinking about ways to earn money from home and would like to do this, register your garden on a website like www.campspace.com. You can upload pictures of your property and also details of the facilities, like if you have toilets that campers can use and ensure you’ve go through the entire FAQ.
There is no need for a massive garden , but the larger it is, and the better the location , the easier it might be able to rent it out.