Being a homeowner can be costly, but there are ways to turn your property and resources into additional income streams. These seven money-making hacks are simple, effective, and could provide a steady source of extra cash without too much extra effort.
1. Rent Out Extra Space
If you have a spare bedroom, garage, or basement, consider renting it out for storage or short-term lodging. Platforms like Airbnb or Neighbor can help you find renters quickly. This is an easy way to earn passive income and could bring in hundreds of dollars each month.
2. Offer Your Home as a Film Location
Production companies are always looking for unique homes to use as film and photography locations. Registering your home on sites like Giggster or Peerspace allows you to rent it out for short-term projects, potentially earning you hundreds or even thousands for each booking.
3. Utilize Solar Power and Sell Excess Energy
If you’ve installed solar panels, check if your local energy provider has a program that allows you to sell back any excess energy you generate. You can earn credits on your utility bill, which saves money or even provides a payout each year.
4. Rent Out Your Driveway or Parking Space
If you live in a high-demand area with limited parking, renting out your driveway or parking space can be lucrative. Apps like SpotHero or JustPark make it easy to find people who need a convenient spot to park their vehicle.
5. Host Events or Classes in Your Home
Got a skill you can teach? Consider hosting small classes or workshops in your home. Whether it’s cooking, yoga, or crafting, people are often willing to pay for intimate, in-person learning experiences. You could even start a side business teaching what you know!
6. Start a Garden and Sell Produce Locally
If you have a green thumb, put your yard to good use by growing fruits, vegetables, or herbs. Farmers’ markets, local grocers, or even neighbors could be interested in buying fresh, organic produce right from your garden. It’s a great way to earn extra cash while enjoying a fulfilling hobby.
7. Become a Pet Sitter or Dog Walker
Sign up for platforms like Rover or Wag! to offer pet-sitting or dog-walking services. If you’re an animal lover with extra space, this can be a perfect way to make extra money by welcoming pets into your home for short stays or daily walks.