3 Ways To Successfully Make Money From Your Home
If you’re sat in your home, worrying about your financial situation, the answer could be right in front of you. The bricks and mortar that you are currently sat in could provide you with some much needed additional income. You could use this money to pay for a long overdue holiday or to pay off any debts you have accumulated. So instead of trying to save a few pennies here and there on your utility bills, take a look at these three ways your home could make you money fast.
Rent out your drive
If you live in a city centre location and have an empty drive, you could be sitting on a goldmine. Renting out your spare or empty driveway can make it more functional and get you some cash. Business people who commute are always looking for safe places to leave their car during their working hours. You could also rent out the space to people travelling abroad if you live near to an airport. Sites such as justpark.com make it easy for you to advertise your drive and gives you a chance to prepare for your visitors. The drive will be paid for in advance and all you need to do it make sure it’s clear for when they arrive. It’s a simple way of making money for hardly any effort.
Look into Equity Release
You can unlock the value of your home with a which equity release. Fill in some details about your property online and you will be given a calculation on any potential funds you may not have been aware of. This will usually depend upon your age and the price of your property, but it is definitely something to look into. You could potentially be sitting on top of some funds that could make your life altogether easier.
Get a lodger
If you have a spare room that could be utilised, why not get a lodger? There is a government scheme in place that will allow you to rent a spare room and earn yourself some money. You can charge your tenant up to £350 per month without having to fill in loads of tax forms. You will have to ensure that the room is suitable to live in and have some furniture included. Again, you can rent this out to people who commute for work and need somewhere to stay during the week. It’s easy money that will put your spare room to better use and you may even make a new friend. Remember to interview everybody before offering accommodation in your home and sort out a payment plan before they move in. This will ensure you get suitable lodgers who pay on time and won’t take advantage of you.
These tips are just a handful of ways you can make money from your home. Always use a reputable website when advertising your home or driveway. Also, never type personal details into websites that don’t seem to be legitimate. Become stress-free and happier about your financial standing by getting your home to help you out.