AD/ Collaborative post.
When money is tight and you’re looking for ways to top up your income, it can often be difficult to work out what you’re going to do. When you’re pretty much maxing out your paycheck and your bills don’t seem to be slowing down, you can feel at a loss. Maybe you’ve even got yourself a second job, but you’re still feeling the pinch? When this is the case, you really do need to make sure that you’re exhausting all of your options. One that you probably haven’t even realised is an option will be your home. And it can sound a little crazy, but when it comes to where you live, you’ll often be sitting on a gold mine. So let’s take a look at how you can make some extra money from your home.
1. Spare Room
First of all, when you have a spare room, this is always going to be a great place to start. Even if right now it’s a storage space, or you have it all set up as a bedroom, you can earn some extra cash this way. Renting out a room isn’t something that we all immediately think about doing, nor is it something that we want to do, but it is often a great way to earn quite a bit more each month. You could do short lets with something like Airbnb or take in a regular lodger.
2. Garage Space
Next, if you have a garage and you don’t really use it, again you’re missing out on extra earnings. There are people out there who would love to have their own garage to store their car in, but their property doesn’t have one. So, often, they’ll be looking for a garage to rent. If you can clean yours up, again you can make a few hundred bucks this way.
3. Valuable Antiques
You may not know it, but there could be things lying around the house or in storage that are actually worth something. From old homewares and jewellery to toys and games, you could make money by selling some really old stuff. Take a look into iconic toys and what they’re worth now, get jewellery valued, and take your homewares to a lot sale. You never know how much you could make this way.
4. Renewable Energy
Another great way to make money, or at least bring down the cost of your bills, is to look into generating energy. You can often sell this back to the grid which then cancels out the cost of the energy bills that you’re paying to keep your home running.
5. Extension Possibilities
And finally, you could also look to add value to your home with an extension. So, this will require you to put some money down, but if you then can make a few thousand or tens of thousands on the cost of your house, it’s going to be worth it. So speak to an expert to see what your home could be worth and work out how to add value in the most cost-effective way.