If you have been looking for ways to make money on the side, you could consider ways to monetizing the home you live in. The vacation rental industry is booming, people are on the lookout for pet sitters, and organic foods are at the height of popularity, which means it’s the perfect time for you to get involved too. It may take a little creativity, but soon you could be using your home for a little extra cash. Here are the top five ways to make money from your home:
Become an Airbnb Host
This is one of the most popular ways to monetize extra apartments or living space inside a home. Subletting your premises promises to be a money spinner if done professionally and with care. Airbnb allows you to list your property and set your own prices. Not only that, you can mention fun and unique custom home features to attract more guests to your property.
Make sure to post high-quality photographs of your home. Remember to highlight the fun and unique custom features of your home and provide as many details as possible. Most landlords can make up to 50% more than they make currently from their property after listing it on Airbnb. You will also need to take care of cleaning regularly and providing your guests with a great experience so you can receive good reviews on the website.
Good ratings and reviews are very important for you to drive word of mouth and business. This will also enable you to increase the rentals for your property and boost your earnings in the long run.
Sell Your Junk at a Yard Sale
If you have a lot of clutter in your home, why not sell it? Remember those golf clubs you thought you’d use all the time but are only collecting dust in the garage, sell it in a yard sale! One man’s junk is another man’s treasure. Pick out the extra junk like gently used mattresses, juicers, toys, DVDs and even clothes you don’t use anymore.
It may sound daunting to hold an entire yard sale, but you can make it fun by getting the entire family involved in cleaning! Give the kids a percentage of the profits to motivate them to clean out their rooms and join in on the fun.
Plus, if you are considering being an Airbnb host, a clean and uncluttered house will look nicer to potential guests.
Rent Out Your Space
This one has big potential for earning if you know what you are doing. I had an extra stall in my garage and rented out space to a neighbor that wanted indoor storage for his sports car. Plus, it was fun to show off his car when I had guests over.
You can even turn extra rooms into places for people to work. I had stable internet and an outside entrance to my basement, which allowed me to rent out space to a startup company. I made a little extra cash and the budding company paid less compared to a normal office or leasing space.
Find Your Green Thumb
If you have always wanted to create that dream garden, it might be time to take a whack at it. Start out small with a few fruits and vegetables and see where it takes you. If you are interested in gardening, a visit to the farmer’s market is all it will take for you to figure out what sells well, and at good prices. Pick out plants that need low maintenance and bear plenty of fruit.
You can go fancy with the idea and really boost income potential by seeking out specific designer plants, flowers, and trees, whose saplings sell for a nice chunk of change at the nursery. It is easy to learn how to grow them and you can make decent money from your yard if you commit yourself to the idea.
Keep in mind the weather where your home is. Gardening for most will be a seasonable business and require your time and attention. With the right skills and determination imagine yourself with a cupboard full of jams, jellies, and fresh produce ready to turn into cash!
5. Become a Pet Sitter
Are you a pet lover? If you have a yard or a pet-friendly home, you can offer to take care of people’s pets for them while they are away. Look on Craigslist and house sitting websites (like Mind My House) to see the growing need for pet sitters.
A lot of times when pet owners go on vacation or holiday, they need someone to watch their pet. Older animals and don’t do as well in daycare, because of the stressful environment. You can fill this need by giving their pet a relaxing environment while the family is away.
Keep in mind though that handling pets is not as easy as it sounds and if you do not have prior experience you should spend the time to learn. If you’re worried about tackling too much, start out with something simple like taking care of a goldfish!
It may require you to get a little creative and open your mind to new hobbies, but with a little elbow grease you can turn your home into a cash cow! Consider what your current skills are and how you can maximize them in your home. Happy earning!