Experts have revealed the top ways your house could be earning you some extra money - from renting out the driveway to starring in movies. The cost of living crisis is forcing many of us to look for new ways to save cash or new side hustles to bring more in.
And now employment experts are urging Britons to be aware of the ways of earning some extra money by putting your house to work. Bertan Baytekin, co-founder and CPO of leading gig economy platform AppJobs, said: “Many of us would welcome a little more money in our pockets each month, especially with the cost of living increasing so rapidly.
“And while it might be difficult to find more time or energy to invest in side hustles, putting your house to work can be a relatively easy and lucrative way to increase your income. There are a variety of ways our homes can become earners, from renting out your unneeded parking space for around £200 a month to welcoming guests for a few nights on platforms such as Airbnb.
“If you have a particularly unique home then it might be worth looking at renting it out to film and TV crews as a set for up to £2,500 a day, and this might even add some value to your home if it plays a starring role in a hit show. A passive income stream from using your home in these ways could be a big boost to your finances in a time when most of us could use a little extra cash.”
AppJobs is one of the UK’s leading jobs platforms, matching applicants to flexible gig economy roles with companies such as Uber and Deliveroo.
Four top ways to make your house earn extra cash
Renting out a parking space
Parking spaces can often be hard to find for motorists, especially in bigger cities with more vehicles and in streets close to transport hubs such as train stations.
Services such as ParkLet and JustPark allow you to advertise your space and it can earn around £200 per month.
If you’re the owner of the home then it’s totally legal to do as long as it’s not causing a nuisance, while tenants need permission from their landlord.
Give a home to other people’s stuff
Unused space in your home or garage could be used to allow other people to store their unneeded or unwanted items for long or short periods of time.
Using services such as storemates.co.uk to rent out space can take in up to £3,000 a year.
One thing to be aware of is how it might affect your home insurance if there was an accident, so make sure you do your research first.
Turn your home into a star
Your home doesn’t need to be as grand as Downton Abbey in order to become a star of the small or big screen.
Websites such as lavishlocations.com or shootfactory.co.uk allow you to advertise your property for location scouts to see, potentially earning up to £2,500 per day.
This can include anything from newspaper and magazine shoots to filming for television series or movies.
Put a roof over someone’s head
Websites such as Airbnb and Spareroom have made it easier than ever to rent space in your home to someone who needs it on a short or long term basis.
Whether it’s letting someone stay in your home for a major festival or sporting event, or you’re becoming a live-in landlord, this is one of the most popular ways to put your home to work.
Having a lodger means you can earn up to £7,500 a year tax-free thanks to the Government’s Rent a Room scheme, while earnings from short-term lets is classed as taxable income.
