It doesn’t matter who you are, financial hardship will at some point hit you. Some of the richest people in the world have gone through this stage; the stage where you don’t know where the next pot of money is going to come from.
Hopefully, this period isn’t going to last for long. However, if you are struggling somewhat, there are some inventive ways to reap money from your house. Let’s take a look at some of the best ways in detail.
A house clearance
It sounds simple, but you might be surprised at the immense amount of value that a house clearance can provide.
If you’re a parent, the amount of money hidden away in old toys and kids’ furniture can be huge. In relation to the latter, new toys are massively expensive and provided your collection is in good condition – you’ll have prospective parents queuing out of the door to take them off your hands.
Even if it’s just a set of kitchen goods, you will be surprised at just how interested people are. Unfortunately, new items come with hefty prices and you aren’t the only one who might be struggling for money right now.
It’s also a good time just to have something of a general clear out; perhaps dispose of your old sofa or anything else that just doesn’t fit in anymore.
The rise of room renting
Whether it’s Airbnb, or another alternative, room renting is huge right now. If you happen to be based near a popular attraction or major city the chances of letting out your room suddenly soar as well.
Sure, this isn’t going to be a solution for everyone and if you do have children, you might need to question whether or not this is right for you. However, if privacy isn’t an issue, simply letting your room out once a week can be enough to cover half of the mortgage. Again, it’s all dependent on your location, but let’s just reiterate that renting out your room is fashionable and can allow you to cash-in substantially.
(And it doesn’t have to just be rooms)
Following on from the above, it’s not just about internal rooms.
Over recent years several start-ups have arrived which even allow you to rent out your driveway, or garage, to those drivers seeking a parking space. Clearly, this isn’t going to be as lucrative as renting a room, but particularly if you are based in a city where parking comes at a premium you might be surprised at what you can charge, and just how in-demand such a service really is.
How about empty space?
On the theme of renting out space, how about those areas of your home that you just don’t use anymore?
That’s right, more and more people are starting to rent out storage space. Again, it’s all in the name of undercutting the costly commercial options and as such, there is a surprisingly high demand for these services.