Do you have unused spaces in your home like the basement, attic, garage, storage unit, or an extra room just sitting empty? You might not have thought about it, but these areas could turn into money-making assets for you. Here are some creative ways to transform your unused spaces into extra income:
1. RENT OUT YOUR EXTRA PARKING SPACE
If you live in a busy city where parking is in high demand, you can rent out any extra parking space on a weekly or monthly basis. Many people are willing to pay for a guaranteed spot, and it requires minimal effort on your part. This could bring in up to $300 a month!
2. TURN YOUR BASEMENT INTO STORAGE
Basements are often underused. Instead of letting it go to waste, rent it out as a storage area. Add shelves and make sure it’s clean and secure. Make sure your tenants secure their items as well.
3. OFFER YOUR HOME AS A MOVIE SET
This is a fun and potentially profitable option. Look for TV shows or movies being shot in your area and suggest your home as a set. Your home’s features might be exactly what the producers are looking for. Plus, you get to share cool stories about meeting celebrities!
4. RENT OUT UNUSED ROOMS
If you have extra rooms, rent them out for additional income. This could range from a single bedroom to a full suite with private amenities like a bathroom and kitchen.
5. TURN YOUR HOME INTO A VACATION RENTAL
When you’re not using your home, consider listing it as a vacation rental. It’s a great way to offset travel costs, and listing your property online is easy and quick.
6. LEASE YOUR SPACE FOR EVENTS
If you have a large yard or a charming garden, consider renting it out for events like weddings, parties, and gatherings.
7. RENT OUT YOUR ATTIC
Like basements, attics are often underutilized. They can make great storage spaces for renters.
Not sure where to start? Here are some platforms that can help:
– **Neighbor.com:** Not just for storage rentals, you can also offer parking spots for cars, boats, or RVs.
– **Airbnb:** Rent out extra rooms or living spaces, with guidelines to ensure a good experience.
– **StoreAtMyHouse:** Rent your spaces for storage, offering a low-maintenance income source.
– **Peerspace:** If your space is good for creative activities like art studios, workshops, or parties, this might be a good option.
Also, don’t underestimate the power of word-of-mouth. Sharing your rental options with friends, colleagues, and neighbors can help you find potential renters.
Before you get started, make sure your rentals are legal and safe to provide the best service and maximize your income.
Can you think of other ways to make money from your spare space?