Your home is probably your most expensive outgoing. Mortgage/rent payments, utility bills, that insta-famous monochrome rug you couldn’t resist.
So, wouldn’t it be great if your house actually made you some
cash for once? We’re not talking about selling up and moving. This post is
about the ways your home can make you money without you having to do much at
all. Our kinda money saving!
First up, do you have a garage you don’t use, a half-empty
loft or a garden shed with nothing in it? Storemates is a website where you can
list your spare spaces and people can rent them for a fee. It’s free to list
your space. The site adds a small charge on top, which the storer pays.
Next, do you have an empty driveway? Or even a spare spot on
your driveway? Why not rent it out? This can be particularly lucrative if you
live near a station or sports stadium or you’re in an area with annoying
parking restrictions. Check out Justpark.com. It’s free to list your driveway and
you can set whatever price you think is reasonable.
How about renting out your spare room to a lodger? If your home is central, it might suit someone looking to cut their daily commute. Take a look at MondaytoFriday.com if you just want a lodger during the week, but your home to yourself at the weekend. A three-month listing will cost you £29.95. Other popular listing sites include Spareroom.co.uk and uk.easyroommate.com. You could also advertise in your local libraries and newsagent windows. It's worth remembering the government's Rent-a-Room scheme lets you earn £7,500 a year tax free.
How about renting out your spare room to a lodger? If your home is central, it might suit someone looking to cut their daily commute. Take a look at MondaytoFriday.com if you just want a lodger during the week, but your home to yourself at the weekend. A three-month listing will cost you £29.95. Other popular listing sites include Spareroom.co.uk and uk.easyroommate.com. You could also advertise in your local libraries and newsagent windows. It's worth remembering the government's Rent-a-Room scheme lets you earn £7,500 a year tax free.
Have you always thought your living room/kitchen/downstairs
loo would look good on the big or small screen? If so, you could rent your house
out for films, TV shows, commercials or photo shoots. Sign up to an agency like
Locationworks.com (who’ll take a cut of your earnings) or get creative and make
your own website or set up your own Instagram page publicising your property.
Are you an amateur gardener? Do you enjoy making your garden
look pretty or planting fruit and veg? How about turning your passion into a
money-making scheme? You could sell your produce from your own home or at a
local market.
Just a quick note: it’s worth double checking your insurance
documents if you’re making money from home to make sure your ventures don’t invalidate
your policies. Also, if you make big bucks, there may be tax to pay.
The American Psychological Association (APA) conducted a study wherein they found that 74% of online gamblers are problematic or pathological gamblers. Among this, the group that is most at risk is the teens.
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