Make money from your home
1) Rent out your garage or driveway
If you have a parking space, garage or driveway you don’t use, you’re in a strong position to make some easy money. There are several agencies, including YourParkingSpace and ParkatmyHouse, that match motorists looking for parking with homeowners who can oblige. What you’ll earn will depend on location, demand and the security of the parking slot.
2) Rent out your storage space
If you've got space going spare, why not rent it out? You might be surprised at the number of people hunting out storage space for all their stuff! So if you've got a spare shed/loft, advertise it on Spareground and see if you get any takers.
3) Rent out your garden
If your garden is of no use to you, it might be useful to someone else. Check out Spareground to see whether there's any interest - perhaps someone could use your garden to grow their own fruit and veg?
Thinking of renting out some of your stuff? Find out which sites work best by asking a question on Q&A.
4) Generate your own energy
Did you know that if you generate your own energy, you can sell it back to the grid?
This is particularly a good option if you have a fast-flowing stream or waterfall on your land, and can afford to invest, because then you can potentially make thousands and thousands of pounds a year!
But even if you only generate enough electricity to power your own home, you can still get paid for all the electricity you generate. Visit the energy saving trust website to find out more.
5) Rent out your spare room
Under the Government’s Rent a Room scheme, you can earn £4,250 a year in rental income before you have to pay tax. To qualify, the room must be in your main home, and needs to be furnished - but you don't have to own it.
To find out more, move on to our next task Make money from a lodger.
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