3 Ways To Earn Extra Income By Utilizing Your Home

 

ways to earn extra income

 

Gone are the days where a property was just a home. According to Trading Economics, during the first quarter of 2018, the number of Americans who owned their own home was 64.20%.  An increasing number of the country’s homeowners are maximizing their home’s potential.  As a result, they are earning a sizeable side income.  So, if you’re children have flown the nest and you’re left with a large empty house or just interested in ways to earn extra income, here’s how you can do just that:


Rent Out Unused Space

Additional ways to earn extra income is utilizing the space in your home. Many American families struggle with lack of space in their home.  If you’re lucky enough to have a spare room, empty garage,  or free cupboard space rent out those areas. You could even make some cash by letting others use your attic or basement.  Alternatively, you can transform your garage into an additional bedroom.  When you complete your renovation, rent it out to students, commuters who work away from home or foreign exchange students.  There are plenty of people in those categories in need of a temporary place to stay.

ways to earn extra money

 

Special Events

If you have a large, well-kept garden or an indoor or outdoor pool, rent them out to individuals looking to celebrate a special occasion.  With so many American homes small on space, people will gladly pay to use your home to hold an event. To maximize your potential income, you’ll really need to advertise and show off your home.  Additionally, put flyers made up and hand them out in your local area.  Furthemore, use social media to spread the word.  Also, advertise in shop windows, coffee shops, community boards, online and in local papers.

 

Utilize Your Existing Mortgage

Last, one of the biggest ways to earn extra money is to utilize your money wisely.  Speak to your financial advisor, so you can ensure you’re getting the best deal on your monthly repayments. Should you discover that you’re not, refinancing is typically easy and will ensure your bank balance is better off each month.  Alternatively, consider generating cash from your home by releasing equity.  By doing this, you can finance the overhaul of your spare room or garage.

In conclusion, ways to make earn extra money from your home has never been easier.  Utilize any free space you have in return for a rental income.  Holding paid events at your home is a great way to up your cash flow.  Ensuring you’re getting the most out of your current mortgage and releasing equity is a quick way of getting your hands on some cash.

15 Ways To Make Extra Money From Home

Today, I’m sharing financial tips on ways to make extra money.  Looking for an avenue to make a little extra money?  Corporate America or just the work force period, is not for everybody.  Additionally, many moms don’t want to leave their children to work outside the home.  But, you can generate an income working from home.

The first step is to think about your natural talents.  Once you zoom in on your talents, start thinking about how you can make a profit from them. 

 

 

tips to make extra money from home

 

Ways to Make Extra Money:  

 

  1. Crafts – First, if you are crafty get out your glue gun and other materials to make wreaths, center pieces, signs etc.  They are great sellers.
  2. Baked Goods – Additionally, if you love to bake start creating cakes/breads/cookies and or cupcakes.  They are great sellers.  Cakes for parties are always in demand.
  3. Sell Books  – In spite of modern technology, people still want to hold a book.  Especially, books they can get for a bargain.  Hardback, board books, or paperback are all options.  Love stories, mysteries, children’s books, and biographies are in demand.  They will sell, I’m a buyer.
  4. Refinish Furniture – Turn old furniture into treasures.  Sell them on Craigslist or at flea markets.
  5. Sell on e-Bay – Furthermore, children’s clothing is  perfect for the e-Bay market. You can get free boxes from e-bay to help curb you expense.  I sell on e-Bay occasionally.
  6. Set up a booth at a flea market – Turn someone else’s junk into someone else’s treasure.  House hold items, old tools, dishes, kid’s toys are great sellers.
  7. Sell garden vegetables and preserves – Furthermore, farmer’s markets are a great place to sell your backyard vegetables, flowers, sauces, jams and jellies.
  8. Crochet or knitting – Beautifully created crocheted items like baby blankets, hats, gloves, scarfs etc. are money makers.  Baby blankets are great baby shower gifts and big sellers.
  9. Digital Scrapbook Sheets –  There are tons of scrap bookers out there who love the digit pages versus paper from big box stores.  Downloading the pages eliminates driving to stores.
  10. Save seed from you heirloom garden – If you garden, purchase heirloom seeds.  Save the seeds so you can sell them.  Design a cute seed packet so you can wow your customers.
  11. Teach a class – Additionally, if you’re good at photography, refurnishing furniture, crocheting etc., teach an adult class in your local community or on-line.
  12. Become a dog walker – There are elderly dog owners or professional people who will pay to have their dog walked during the day or evening.  Start advertising.
  13. Sell your jewelry – People love unique pieces of jewelry.  You can sell on e-Bay, Etsy, flea markets, or set up a web site.
  14. Clothing for dogs – If you can design and can sew, knit or crochet, sell your designs to dog parents. They love to dress up their little darlings too.
  15. Dog Treats  – Last, make and sell healthy dog treats to pet parents.  Create a cute packaging concept and sell them on-line or locally.

So, we hope that you liked our tips on how to make extra money from home.  Finally, get creative and come up with a plan.  Plans help you to set goals.  Start by setting a date on which you want to start selling. Work towards it. Women do it every day, you can do it too.