Turn Your Home Into a Money-Making Property

If you are a homeowner or a land owner, then you will know that there are so many costs associated with owning a property. Utilities. Mortgage payments. Property Taxes. Not to mention the other costs that come with everyday living; there are all kinds of different ways that our homes can end up costing us some money. Many of us know that owning a property is an investment, and it can pay off in the end when you move onto a bigger home, or sell your home. But there is no need to make yourself wait that long in order to see the financial benefit from your home. So why not look to make some money from your home, and start doing it right now? Here are some side-hustle and business ideas to inspire. Which do you think will work best for you? 

image

Add a Rental Suite

If you live in an area where it is legal to do so, then how about adding a rental suite to your home? If you don’t have room inside to do just that, or would rather have something a little more separate, then you could think about converting the space that you have. It could be a garage conversion, for example, to make a bedroom (and it could have its own entrance door). If you have some money to invest in it, then if there is space, and regulations allow, then how about building a separate free-standing structure? 

Of course, you need to make sure that you research the regulations for building or creating a suite to rent out that is completely legal. It is common to require some legal rental suites to have their own kitchen and bathroom, for example, so that is something to consider. If you are needing to invest a lot of money into this, then you need to think about how long this will all take to get the money back. Make sure that you can do this in a relatively short time, in order to make it worth it. 

Rent out Storage Space

If you don’t want to be a landlord or a bed and breakfast host, but you still have some space available to use for an income, have you thought about renting out the storage space? If you have a sizable space, then you could rent it out as storage each month. Where you live could depend on the demand, but there will be a lot of people that will want to store things like boats, motorbikes, and RVs, and they’ll want to keep them sheltered rather than being out in the open. If you want to let someone else store their car or bike in your garage or barn shed, then it could bring in a monthly income quite easily, without having to do too much. The only costs for you would be making sure that you have a secure space, so CCTV and an advanced locking system could be a good idea. Heating the space could work well too, in order to make sure that things are taken care of.

Hold Events

If you have a bit of land with your property, or have a large barn that isn’t used for storage or for animals, then you could look to make some money from events. It doesn’t have to be a large festival or anything along those lines, but it could be something like setting up a seasonal event with hayrides and mazes. You could rent the space out for weddings, or perhaps host things like special dinners or petting zoo events. The key thing with this is to make sure that you have the right legal permits in place (for example, a licence to sell alcohol and so on). 

Start a Home-Based Business

The ideas so far have been all about using what you have to make money on the side, without you having to do too much. But if you want to do something a little more proactive, and even want to get a business started that means you can work for yourself, then launching a home-based business could be the thing to do instead. If you run a business out of your home, then it does help to keep overheads down, and it will also have some tax advantages. You can also use a certain percentage of your household bills (like the internet and heating, that you use when working on the business), and use that as a business expense. If you have an idea to run with, then go for it. If you’re looking for ideas, then there are a few to choose from online.

Run a Bed and Breakfast

If you have a few spare rooms in the house or are empty-nesters and have a home that is now really quiet, then you could look to maximize your rental income, then you could make your home into a bed and breakfast. If you can rent out a few rooms at once, then it can make a big difference, and be much more lucrative than just having one room rented out. If you travel a lot with work, then you could even use home swap sites or sites like Airbnb to rent out the whole property during the times that you are away.

Rent out Parking or Driveway

If you live in a commuter area or near a place where big events take place (like a stadium), then renting out your driveway or parking space could be a good way to make money. If you don’t drive, but have a car parking space in your apartment close to a train station, for example, then it could be something really simple to do, and there is likely to be a lot of demand for it. If you live close to a football stadium, for example, then when there are events, people will pay to be close to where it is. So that is definitely something to bear in mind, depending on where you live. 

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂

How To Save Money On Home Repairs

Pixabay. CCO Licensed.

Home repairs are one of the biggest expenses of being a homeowner. Fortunately, there are many ways to reduce the cost of home repairs. Here are just a few ways to make home repairs less expensive.

Know when to go DIY

Taking on repairs yourself can save you the cost of having to hire contractors. However, you should be careful of which repair jobs you attempt. If you’re not DIY-savvy you could botch up the repair and then pay more to get this fixed. There are also some jobs such as electrics and roof repair that can be dangerous if you don’t know what you’re doing. The key with any home repairs is to do your research. How-to blogs and YouTube tutorials can be great for teaching DIY skills.

Use your network

There may be people in your close network with handyman experience that you can call upon. They may be able to offer their services at a discount or even for free (providing it’s not a major repair). Such people are also likely to be trustworthy if you know them relatively well.

Shop around for contractors

If you decide to use contractors, make sure to shop around. By collecting lots of quotes, you can find the best price. Make sure to also research into the reputation of contractors so that you hire a company with a good track record. Positive reviews and glowing testimonials are often a sign that a company is reliable and trustworthy.

Source your own parts and materials

Many contractors are able to source parts and materials for you, but it could be cheaper to source them yourself. Contractors will generally try to make a profit on any parts or materials that they have to buy, so you’re better off buying yourself directly. You can find niche parts such as Berkeley pumps online for affordable prices. You can also find discounted materials online by opting for reclaimed materials.

Time it right

If the repairs don’t need to be made urgently, it could be worth waiting until the right time to schedule repairs. You’ll often find that many contractors lower their prices in January when there’s less demand (fewer people can afford repairs after Christmas and so many companies reduce their prices to attract business). Certain repairs may also have a seasonal demand – you may find that looking into repairs out of season saves you money. For instance, heating system repairs are generally cheaper in summer, while air conditioning unit repairs are cheaper in winter.  

Take preventative action

The best way to save money on home repairs is to take preventative action where possible. When making upgrades to your home or buying new appliances, don’t just settle for cheap low-quality options. Investing in decent appliances that are built to last and hire professional companies to carry out renovations so that you know you’re getting high quality results. Certain repairs can also be cheaper when made early. For instance, it pays to fix leaks from pipes early – ignoring them for some time could result in water damage to walls and ceilings, plus your water bill is likely to be very high.   

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂

Minimising The Risk Of Moving House

When it comes to moving house, there can be a lot of risks that are involved. In fact, it goes beyond whether your family will be happy in your new home and can relate to issues of comfort, safety, and financial risk as well. However, knowing what to look out for and how to avoid such problems can help you minimise the risk involved in moving to a new home. Something you can read about below. 

Bad neighbours 

Unfortunately, you don’t get to pick and choose your neighbours. In fact, you may well have bought a new home without even setting eyes on the people that live next door. Sadly, it can be neighbours that cause a lot of problems. From annoying issues such as loud music at all hours of the night to scarier issues such as violence or criminal activity. 

Of course, one way to screen for this sort of concern is to take a good look at the properties next door before you buy. With homes next to others that are being kept in reasonable condition being a better bet. However, this rule does not always work, and you can never wholly tell what you are letting you and your family if for. 

Happily, there is another option you can use here as well. Its to use the internet to search whether people in the neighbourhood have any concerns with particular houses or residents. Additionally, you will also find crime statistics online as well, which can help you decide whether the community you are looking at is right for you. 

Contamination 

It’s a sad state of affairs to be sure. However, the second risk that needs to be discussed here is that of contamination resulting from drug use in a property. In fact, making or using illegal narcotics such as meth can result in a residue that lingers even after the previous residents have moved out. This being something that can be a real health risk to the new family moving in. 

With that in mind, it can be an excellent idea to get meth testing by a professional done. If you are concerned about drug use in a property you have just bought, that is. Then at least you can deal with any lasting consequences of the previous occupant’s drug use safely and responsibly. 

Structural problems 

Another major issue when it comes to moving home is getting there and realising that there are far more severe structural problems that you first though. Something that can not only be unsafe and inconvenient but can cost you a lot of money to repair as well. 

It is, however, possible to minimise the risk of this by getting a full survey before you put an offer on the property. Also, check the laws relating to poetry purchase where you live. The reason being that in some locations, sellers are required to declare any serious issues before purchase. Therefore the previous owner can be liable for the cost of rectifying them if they are not. Something that will help you minimise any finial risks involved in moving home.

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂

The Hidden Stresses Of A House Move

To say that moving day isn’t stressful would be a lie.

If you have ever been through the experience, then moving day stress will be something very familiar to you, we are sure. From trying to cram all of your belongings into boxes to dealing with the household clutter that has been left behind, your stress levels will be bubbling over.

Still, it is possible to make life easier for yourself. By asking people to help you pack, and by hiring the right removalist, many of your moving day worries can be alleviated. 

But then there are those hidden stresses that you might not be expecting. These are the stresses that can hinder and spoil your day. These are the stresses that we discuss below.

#1: Saying goodbye to your old home

We grow attached to our homes. From the rooms that our children have played in, to the areas of home that have marked special celebrations, to simply say goodbye to these things can be difficult. When moving day comes around, and you have finally shut the door for good, you might well start to grieve the house you are leaving behind and start to feel regretful and stressed as a result. Am I doing the right thing, you might ask yourself.

To overcome this stress, it is important to have a positive mindset. It’s easier said than done, we know, but if you can remember why you are moving, then you might be able to replace happier thoughts over sad ones. And besides, you will still be able to retain your happy memories of your old home, so even though a new chapter is about to begin, remember that you aren’t fully closing the door on your old life forever. 

#2: Your children

We mean this in two ways.

For one, your children might get underfoot when you’re trying to pack everything into your car or the removal van. They might unpack your boxes in the hunt for a toy or something to eat, and that will create more work for you. And your workload might also be increased if you then have to carry out extra cleanup work because of your kids. 

Secondly, your children’s emotions could be a source of stress. They might be overly-excited, and this could affect their behavior during the day. Or they could be going through the grieving process themselves, perhaps because they are saying goodbye to their friends as well as their old home. In this situation, they will be stressed, and you will be stressed out trying to manage their emotional needs.

A house move can be tough for all of you, but where your kids are concerned, you can make your life and their lives easier. 

On moving day itself, you might want to send them off to a childminder for a few hours, as this way, you won’t have to cope with overly-excitable or naughty behaviors that could make your life more difficult. 

And when it comes to your children feeling sad, you should engage with them before the move. Perhaps have a goodbye ceremony at home, where you can all come to terms with leaving. And perhaps have a party too, as your children will be able to say goodbye to their friends properly, and collect their contact details. With the emotional aspects of moving dealt with early, it might be that moving day itself is a little easier for both them and you. 

We hope you have a (mostly) stress-free moving day. 

Thanks for reading!

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂

5 Easy Ways To Protect Your Home and Car

Our belongings are precious to us. Whether you have a house, car, jewellery or sentimental things, each holds value to you in some way. However, how would you feel if you lost these items or someone else took them from you? It’s not something that we have to deal with on a day-to-day basis, but being prepared for anything will help make sure you everything is safe and secure should you run into problems. 

Source 

Install double glazed windows 

If you have older windows, it could be time for an upgrade. Double or triple glazed windows are not only perfect for lowering your energy bills; they’re also more secure than standard windows. Windows are one of the most common places that opportunists look for when entering a building, and if you have damaged pains or no locks, it could be a prime spot they take advantage of. Upgraded windows can deter unwanted attention, and internal locks mean you can secure your home easily. 

Car alarms and trackers

Many modern vehicles have an alarm system in place. However, if your car was stolen or missing, there is still a significant chance it won’t be found quickly. Car alarms are ideal for creating immediate attention to unwanted opportunists. But if they manage to break in and getaway, a gps car tracker, can identify where it is to help recover it more quickly and hopefully apprehend the perpetrator. 

Using Wi-Fi cameras

CCTV and home cameras have come a long way in recent years. No longer do you need massive systems around your home, and footage is no longer a blurry image that you’ll hopefully be able to make out. Nowadays you can secure your home more effectively with Wi-Fi cameras. These are smaller decides that can be placed around your home and you can access them directly through your cell phone. Some cameras also have features that alert you to movement in your property if you are not there, and you can stream live footage and often talk through the device. 

Peephole camera

Similar to Wi-Fi cameras, this device is specifically designed to act as the peephole in your front door. This is particularly handy if you want to see who’s at the door even if you’re inside the house, and enables you to talk through it in case you don’t feel comfortable opening it. If you get a lot of packages, you can also see delivery attempts to ensure they don’t get taken back to the depot. 

Security lights 

Lights are another simple way to deter unwanted attention. They are also especially useful if you have dark areas around your home that have limited visibility. Installing a security light also makes you aware of any movement around your home or external buildings, even though it might just be the next-door neighbour’s cat! 

These are a few ways to protect your home and belongings, and just by making a few small changes, it’ll help give greater peace of mind, especially when you’re away from your property. 

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂

Three Step Remedy to Keep Your Spirits High During the Holidays

Originally posted by Silvernest Team on Nov 28, 2016

Three Step Remedy for the Holidays

The holiday season has arrived once again. While it can be a magical time with colorful lights, festive parties and gift exchange; it also can trigger feelings of grief, loneliness or generalized depression. This is not uncommon as baby boomers get older and become empty nesters, widowers or are long time single. This year, try our three-step remedy to explore your greatest talents and passions, and use them to create community and philanthropy as a great way to enliven the holidays.

Let’s get started!

A little self-exploration is a great way to gain powerful insights, and will naturally inspire you to engage and give. Begin by take an inventory of all the things you love to do. Take a moment to sit down at your table with a piece of paper, a pen and a cup of coffee or tea. Before you start – sit back, close your eyes and settle your mind.

Allow yourself to imagine a perfect sunny Saturday.

You have no chores, no obligations, and four hours to do whatever you want.  Ask yourself, What would I most want to do with this glorious day?” And then wait while various alternatives float to your mind. Write them down.

For some, the answer is as simple as taking a bath or reading a book. Others come up with golfing, taking a hike in Nature, working in the woodshop, or looking for shells on the beach. For others, it is making something artistic, cooking, or going shopping.

The answers you come up with are important, and often require little to no money. These ideas reflect the areas of life that gives you the most comfort and joy (to borrow from a famous Christmas carol). This is important, and can be a foundation of how to expand those things you love into a tool for engaging with others.

If doing something artistic was the top of your list- that is a powerful clue.

  • Explore: how can you expand your love of art into something bigger?
  • Engage: deepen your skills by taking a class. Not only will this sharpen your skills, but also introduce you to others who share the same passions.
  • Give: now, use your art to make small gifts (ornaments, cards, toys) and give them away to friends, a school, or a homeless shelter.

My grandfather was one of the happiest people I knew. He loved people, and would always fill his pockets with hard candy and give out a piece to everyone he met. He was someone who could never sit still and had endless talents. Well into his 90’s, he continued to explore, engage and give. When he could no longer work in his shop, his last years were spent wrapping coat hangers with yarn (keeps the shirts hanging nicely) and gave away hundreds to his children, grandchildren, and staff at his assisted living facility. He was adored, and never was without a smile.

The experience of loneliness is one of the most powerful signals from our bodies to act. There is a big difference between loneliness and depression, although they are often diagnosed as one. Feeling lonely is simply information- time to get out! Try this three-step remedy and see what happens.

Explore your passion more deeply, engage with others who share your interests and then give away our time, talents or gifts to others.

Children do this naturally. They may make pot holders, paint pictures or cut out paper snowflakes and then happily give them away without another thought. ‘Tis the season of sharing, caring and reciprocating. Come on in and join the fun!  What are some of your passions and interests that you have turned into tools to create community and philanthropy? We’d love to hear your stories on our Silvernest Facebook page. Join us and happy holidays!

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂

The Ultimate Winter DIY Checklist

Image 

Winter is coming. 

Even months after, we still don’t want to let go of Game of Thrones. However today we aren’t talking about an invasion of Whitewalkers… we are talking about the season.

Winter is nearly here and soon we will all be sitting around the Christmas dinner table and celebrating the start of a new year. But in the meantime before the festive season starts, we want to think about jobs that need doing around the house. 

It is important for us to get ourselves ready for the winter and carry out much needed DIY jobs around the home, and that’s why today we are providing a checklist of winter DIYs you should do this week…

Get the heating ready

Before you do anything else you need to make sure that your heating is up and running. Hire a professional to come and check the boiler with Recovery Boiler Monitoring and ensure that it will work all the way through the season without an issue. The last thing you want is for your boiler to shut down in the middle of winter!

Check the Fireplace and Chimney

If you have a fireplace in the home, it is important to do some maintenance on it before the winter season really begins. Make sure to have it cleaned by a chimney sweep and check for any cracks before you use it. 

Check Detector Batteries

It is incredibly important that now and again you check your smoke and carbon monoxide detector batteries. At a time of year when you’ll be cooking big roasts and having lots of family in the home, safety is paramount and you should make sure that these are well prepared. 

Prevent Pipes from Freezing

If you are a new homeowner especially, one thing you may not consider when winter comes in your water pipes. Water comes in and out of the home in pipes, and if the temperature is low enough the water inside the pipes will freeze and block your supply. Use pipe coverings to warm up the pipes and keep the water flowing all winter long. 

Prepare for the weather

Winter is a time when the weather is often more unpredictable than in summer. When winter comes, it is a good idea for you to prepare the home for high winds, rain, and snow or ice. You can do this by blocking gaps under windows and doors, checking the brickwork around the foundations of the home and adding insulation. Also, think about a blackout occurring and make sure you have plenty of bottled water, torches and candles, and a phone charging case. 

Block doors and windows 

The elements are harsh during winter and it is important to keep the hot air in and cold air out. To do this, block gaps in the doors with draught excluders and make sure there are no gaps around the windows. 

Once you have taken the time to carry out these tasks, your home should be ready for winter and you’ll be able to enjoy the festive season with peace of mind.

Contributed Post.

If you like what you’ve read here, please let others know of this post, blog, and site.

And thanks for reading!  🙂