5 Ways to Make Money with the Extra Space in Your Home

Posted by Kate Cygan on May 13, 2019 4:34:18 PM

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For most people, our homes are our biggest tangible assets. So it seems like a no-brainer to put them to work and make a little money if we can. Airbnb is a big success story, but not everyone wants to rent out their homes for vacationers. Luckily, turning your house into a short-term vacation rental isn’t the only way to make money with your extra space—and we’ve got five creative ideas that prove it.

5 Ways to Turn Your Home Into Income

1. Share Your Garage or Workshop for Projects

Your unused space doesn’t need to be fancy to earn a little extra income. Your garage or workshop might be a real lifesaver for a weekend mechanic, local artist or a group of musicians needing rehearsal space. To find these creative neighbors, try reaching out on your neighborhood email list or in your church bulletin, posting on the local Craigslist or just putting up some flyers in the coffee shop near your home.

2. Offer Your Home as a Potential Filming Location

Similarly, your home doesn’t have to be a mansion to be useful as a filming location for movies, commercials or TV shows. Lots of productions need “real” homes that look lived-in and authentic. Your state or local film commission may maintain a database of homes that are available as film locations—especially if you live in an area with significant film/TV production like Toronto, Chicago, New York City, L.A. or Atlanta. You can also list your home on referral sites like SetScouter.com, which help location scouts find available properties easier.  

3. Rent Out Extra Parking Space in Your Driveway or Yard

If you live in a big city, downtown area or anywhere near a sports venue, beach or other popular destination, you know that parking is at a premium. Depending on demand, you can make some extra money by charging people to park in your driveway or even (temporarily) in your yard. Covered parking would likely generate the most money, but people will pay for parking convenience even without special amenities. If you live in a congested business district, you might even find a renter looking for an ongoing monthly deal. Finding parking space renters might be as easy as putting a sign in your yard or taking a flyer to a few office buildings nearby.

4. Share Your Empty Storage Space with a Neighbor

Surely you’ve noticed the proliferation of storage places across the country. But who said people have to store their stuff in a big commercial building? You might have an empty bedroom or extra space in your garage or basement. Maybe you own a warehouse, or your property includes some empty space or an RV pad. Someone in your area is probably looking for space to store things like ski equipment, holiday decorations, heirlooms or even a boat. They might as well rent your extra space! Check out Neighbor.com. Their platform makes it safe and easy to find and connect with potential renters, with free background checks, secure automated payments and a $2 million host guarantee.

5. Share Your Home With a Housemate

If you’ve got an extra bedroom, in-law suite or basement room, homesharing might be a perfect solution. Having a housemate—in other words, a compatible renter—can bring in some pretty considerable incomewhile also providing companionship and even some help around the house. 

Making money from your extra space might be simpler than you think. With today’s connected communities and helpful technology tools, it’s easier than ever to put extra space to work. It just takes a little creative thinking and willingness to be flexible. We hope these innovative ideas have opened your eyes to the potential in your home.

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Restoring Your Home After A Fire

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It’s during the summer months that you can find that your home is just a bit too warm, so you end up going out a lot. But when we are going through those incredibly hot southern summers, it can switch our brain off from time to time, and this is where our lack of judgment can mean that we burn our food, or even worse, suffer a fire. And when this happens, it can feel devastating. While you’re more than relieved that everybody is okay, you’ve still got to deal with the cleanup. What can you do to make sure that you rebuild and restore your home effectively after a house fire?   

Assessing The Damage

After you’ve called the insurance company, you should think about bringing in a professional fire restoration contractor. They can recommend a structural engineer to examine the property so you can get the ball rolling. It’s important that you contact the insurance company right away because the claims process can take a long time. Once you’ve secured the property, you can get on with addressing the structural repairs. This follows with the assessment of the electrical system, and then it’s time for the cleanup.

Restoring The Property

In terms of a house fire, there are two main sorts of damage apart from the fire damage itself. There is soot damage and smoke damage.

You’ve got to be careful when it comes to soot damage, even if the fire didn’t completely gut your property. Soot can be very dangerous to your health. You’ve got to be careful not to breathe it in. And when you are cleaning up the property, you have to start from the top and work down to the bottom because soot could fall from objects while cleaning. Because soot can be oily and stain carpets, you have to make sure that the carpet is secure. Once you are confident that the search has been removed from all of the high up areas, you can vacuum it all up. Be sure that you protect yourself in terms of the appropriate breathing apparatus.

Smoke damage is a different beast. It’s something that you can see for the most part, but you can smell it more. Even if you don’t see particles deposited, you will always be able to smell it. And when you are attempting to clean up specific materials, it’s important to go for the textiles first. And if you’re wondering what are textiles, they consist of items that don’t break, so this could be blankets, clothing, toys, sports equipment, and so on. Cleaning these can be difficult to get rid of the smoke residue and the odor, but there are some homemade techniques that you can use. To begin with, you can use a bucket of warm water with non-corrosive detergent on surfaces, and in terms of clothes, a good quality washing powder should do the job. Because it can be a lot of money to replace all of these items, you naturally want to be able to recover most of it. But if there are items damaged beyond repair, especially in terms of clothes, this is something that you need to discuss with your insurance company.

Additional Cleaning

In terms of soot and smoke damage, you’ve also got to be aware that your home should be protected from future damage. Mold is one of those things that may not enter your mind because of the severity of the fire. But if there’s minimal damage to your walls and ceiling, you can use a solution of hot water and bleach to wipe down the walls and prevent mold and mildew growth. It’s also important to realize at what point you should bring in a professional. Some homes will need to be treated right away by a professional. And again, this is something that you will have to discuss with your insurance company, but you can also look at local contractors that provide services for cheap. It’s difficult to find the right contractor because your insurance company will have specialized ones that they use. Generally, it’s far better for you to have an expert deal with it that comes highly recommended, rather than finding a cheap contractor that may not do everything to a high standard.Restoring your home after a fire is a long process, and can be emotionally draining. But you have to remember that, despite the hardships you are going through, and the time that it may take to get the home back up to code, that you shouldn’t lose heart.

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Startup Success 101: 5 Ways to Make Your Capital Work Harder

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There’s nothing quite like having that Eureka moment of a new business idea. However, it doesn’t take long to realise that turning concepts into profits is hard work. In many cases, the hardest challenge revolves around getting through the initial phases. If you can do this, your hopes of success become far, far greater. Keeping a firm grip on the outgoings and overheads will make a monumental difference.

So, how can you make your capital work harder? Here’s all you need to know.

Work From Home

Formulating ideas and putting them into action could take months. Rather than paying for commercial spaces, you should try working from home. This instantly reduces the costs while you can take the DIY approach even further. Use 123inkjet Canon cartridges to do your own printing, and use call redirecting to handle your own calls. As long as you continue to maintain a positive work-life balance, you’ll be fine. If it worked for Steve Jobs, Mark Zuckerberg, and co. it can work for you too.

Outsource

Aside from removing the costs of running an office, outsourcing can reduce direct staffing costs. You can hire freelancers to complete the works that you require, which is cheaper than full-time staff or contractors. Meanwhile, you can use this as an opportunity to try out new people, keeping on the best and losing the rest. For the sake of productivity as well as your finances, this could be the smartest move of all. Outsource wherever possible for increased success.

Embrace Digital Marketing

Marketing is one of the most significant strands of any business venture, and efficiency is vital. Essentially, there’s little point in gaining $1m of sales if you spent $2m on marketing. Digital campaigns require creativity to stand out from the crowd, but allow you to achieve great results on small budgets. When supported by free resources such as Google My Business and on-page SEO, you will see great results. Better still, it’ll enhance offline sale and offline sales at once.

Sell Online

A few years ago, the costs of setting up an eStore were quite high. Nowadays, it’s far cheaper. For a small business, the annual costs are probably lower than a monthly rental in a real world location. However, you can also use eBay stores and Amazon stores to sell items in a trusted place. This helps you build the client base before directing them directly to your venture and can work wonders for long-term prospects. Besides, this is the ultimate way to increase your potential audience size.

Avoid Unnecessary Ideas

When starting a new business, it’s easy to fall into the trap of doing things because it’s the done thing. Whether working from home or a commercial setting, saving time will ultimately save you money. Replace unnecessary meetings with emails and group chats. Get rid of any activity that doesn’t actively benefit the company. Be happy to say no before trialling ideas that you know will fail. When all of these issues are under control, the waste of time and money will fall.

When your business actively makes its capital work harder, fewer sales are needed to turn a profit. If that doesn’t encourage you to make a change, what will?

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3 Good Reasons to Do a Camping Trip Soon

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With more and more of us living in cities and other built-up urban environments, the natural world isn’t necessarily something that plays a prominent role in our everyday lives, as a rule.

Still, there is undeniably something deep within the human psyche that draws us towards the natural world. That must be part of the reason why nature documentaries are so popular, and why so many people are so concerned with environmental issues.

In order to reconnect with nature, many people go on camping trips when the opportunity arises.

If you’ve been thinking about investigating roof boxes for your car, dusting off your tent, getting back to nature and doing a camping trip of your own recently, here are a few reasons why you should go ahead with that plan.

Time spent in nature helps you to reset your body and mind

An incredible number of people in today’s world apparently suffer from disrupted circadian rhythms, and various hormonal and mood issues – not to mention health problems – as a direct result of this.

There are many reasons for this, including the prevalence of bright artificial light in the evenings, and abuse of caffeine, nicotine, and other stimulants.

The interesting thing is, research has shown that when people go camping in nature without artificial lights for a few days, their circadian rhythms are radically reset, and they are brought into much better alignment with the natural cycles of night and day.

Time spent in nature help you to reset your body and your mind in a variety of ways. It helps to get you back to a healthy baseline.

Time spent in nature helps you to radically destress and gain a sense of perspective on things

People who spend more time in nature appear to be healthier, happier, and more stress free, than their counterparts who live in built-up urban settings and spend all their time there.

This has been a consistent finding among researchers of various types.

When you get out in nature, you can see your everyday situation from a different perspective, and can better identify solutions to issues that might have been hidden from you before.

It’s not exactly clear why this is the case, but throughout history, many notable people have reported that walking in nature has been a key for helping to inspire them to come up with solutions for complex problems.

Time spent in nature helps you to experience the wonder of the world at large

There is just something majestic and awe-inspiring about a beautiful natural environment, and the fact that such an environment isn’t the product of human artifice.

When you are spending time out in nature, you put yourself in a position where it’s much easier for you to experience the wonder of the world at large, and to regain some of the childlike sense of enthusiasm and curiosity that we typically lose sight of as we get older.

Nature is something to experience, and not just something to understand. And in order to experience it properly, we have to give up a little bit of our control, and just marvel at the sights and sounds that surround us.

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