Looking for a way to make a little money; despite having a well paying job? Don’t worryyou’re not the only one. With the economy plunging all around the globe, and the cost of living rising spectacularly, it comes to no surprise to use that you are looking for ways to make a little extra cash.
Lease it out – renting out or leasing your home is one of those obvious options. However, if you are living it it, this may not be possible. In this case, consider clearing out the loft, the garage or the basement; and converting it into an apartment. Yes, it might cost you a bitespecially if you have to insulate the “apartment” or have a toilet made for it. But on the long run, it will be worth the costs. And if someday you decide to stop leasing it out, you can use it as a “mother-in-law” apartment or guest room that your friends and family will adore.
Holiday let or vacation homes – dealing with the legal procedures regarding leases and rents can get a little messy; and more than a little complicated. And while getting the help of real estate agents might help, there is still the fear that your renters might end up damaging your property; making it harder for you to rent it out again before you have to spend on renovating it. In this case, opt for something less permanent; like converting those same apartments into holiday lets. Since your “tenants” will only be living for a maximum of a month, there won’t be much damage either. Getting the help of airbnb property management in Sydney (for example) can help reduce the confusion quite a bit too…
Share a meal – what if you’re not looking for a $195 professional holiday property managers kind of thing from your home? what if you’re looking for something more personal, that will give you a chance to interact with your guests as well? In this case, what would you say to cooking and sharing a meal with strangers? If you’re interested take a look at your local meal sharing websites and apps!
Storage rent – what if it’s the complete opposite? What if you want absolutely nothing to do with people? What if you don’t have the time or the money to insulate your basement or garage? Can you still make use of it to make a little money? Absolutely! There are many people who live in spaces too small to contain all their belongings; whether it’s students or office workers living away from home. you can convert your unused space to a storage unit…for a fee.
Commercial use – if your home is in the business district, or in the middle of the town, and the space you want to rent out is independent from the rest of your home, or at least can be separated with a little effort, then consider turning it into a commercial building. Most entrepreneurs and start up business are looking for affordable places to host their businesses. This will be the perfect solution all around.