Your house does so much for you, whether it’s shielding you from the elements, giving you a place to call home, or working as a suitable base to hide out the impending zombie apocalypse. But did you know your home can also earn you some serious cash?
Ok, so we’re kidding about the zombie part. The part about the cash, however? 100% true.
So how do you make money off your house?
Well, we’re glad you asked. It’s time to give you the top 5 home addition ideas for property owners who want to make money! So without further ado, let’s jump right into things!
1. Need Some Home Addition Ideas? Start with ADU
The first idea on the list deals with ADU’s (or accessory-dwelling units). These are smaller houses you can build on your property and allow small families or those in dire financial straits to live in exchange for payment. If you don’t want to go through the trouble of making a whole separate building, you can also customize your garage into an ADU or build an extension off of your house.
While the process was once complicated and wrapped in tons of legal stuff, many cities like San Jose offer pre-approved ADU plans that allow you to get your ADU out the door in no time.
2. Rent Out Your House
If you have a property you don’t use often, renting it out for travelers to stay in for vacations and the like is a great way to bring in some extra cash. If it’s a house you occupy, then perhaps renting out a guest bedroom to travelers through an application like Airbnb is more your speed.
3. Become the Meter Maid (Kinda)
If you’ve got extra property and you live in or close to a major metropolitan area, you can rent out portions of your property (like a lot or garage) as parking spaces through sites like Curbflip. You have flexibility as for how long to rent your space out for and it’s less personal than the previous options.
4. You are the World’s Attic
Another idea you can use is to open parts of your home or build extensions to serve as storage space for other people’s stuff in exchange for a fee. There are websites all over (like Store at my Home) that allow you to connect with potential customers and then operate as a personal storage locker while you rake in the cash. Plus, with rates climbing with professional storage companies, you can draw in tons of customers with lower rates at almost no work on your part.
5. Time to Go Hollywood
Finally, you can rent out your property to film crews to use as locations and sets for their films. You’re not limited to traditional movies either: commercials, TV shows, web-series, and more often need elaborate locales, and they’re willing to pay some serious bank for it.
Let the Cash Roll In
So now that you know the top 5 home addition ideas to bring you in some extra cash, it’s time to get out there and bring in the big bucks! And if you need more on the fanciest properties around, come check out some of the other articles on our blog!