Want To Make Extra Money Without Leaving the House? Follow These 5 Steps To Turn Your Home Into A Money Making Business

Everyone wants to have a little extra money coming in each month to offset expenses. Plus, having a few more bucks to throw around for other luxury items or traveling doesn’t hurt either.

But between working a full time job and all the other responsibilities of adulthood, who has the time to go out and find multiple jobs to bring in that added income? And, even if you do, you’re going to be working so much that you won’t get to enjoy the fruits of your labor. When you really start thinking about it, it seems almost impossible to do.

But you can enjoy extra money without having to break your back in the process, all from the comfort of your home. It’s all about utilizing what you have and turning that into a profit. While there are countless ways to turn a property into a lucrative business, here are the top 5 ways to turn your house into a major moneymaker.

 Airbnb

Over the last decade, traditional travel accommodations have taken the backseat to a new wave of hip, more affordable lodging. Price-conscious travelers, and even those who aren’t are passing up long celebrated hotels and motels for a more budget-friendly solution, home rentals.

While there are plenty of sites out there for vacationers to check out, the mecca of non-traditional rentals is Airbnb. Through the site, you can search, plan, read reviews and pictures, and book your rental all from the website. And since the site is thorough when approving its hosts, travelers often feel comfortable with where they’re staying.

What does this have to do with making money? You can easily become a host by renting out a spare bedroom, finished basement, mother-in-law suite, backyard camper, the more unique, the better. After being approved, you can list your accommodations, become a host, and begin accepting reservations in no time flat. And the beauty of it all is that you can make your own schedule.

Say you want a couple extra hundred bucks this month, and you have open availability Monday through Friday, seven days a week, but the next month you don’t see a need for extra cash? You can close up shop for that season. That’s perfectly all right because it’s all up to you.

So, whip out your best hosting skills, have your beds made, your coffee pot ready to go, and get to renting.

Rent Backyard

In similar to Airbnb, homeowners aren’t limited to the architecture and structures on their property. Sure, you can probably make more money if you have a tiny house situated in the back corner of your lot, even more, if you have a separate entrance and allow dogs, but who says you can’t make money just by opening up portions of your property for camping?

If non-traditional lodging has become a hit, then unique campsites are blowing the roof off. With the rise of the “opt outside” movement and more environmentally connected, active lifestyle, camping has become more popular than it has in quite some time. Especially with the millennial generations.

You can still use the Airbnb site to host your yard, just be sure to specify if you’re going to provide camping gear or if visitors should bring their own. Also if animals are allowed, how much acreage is available per site, and if there will be other campers co-existing in the space. Remember, how much available property you have for these sites will determine what kind of accommodations you’ll be able to set up and how much you’ll be able to charge for it.

But, if you live in a naturally beautiful location, within driving distance from a major city, or are lucky enough to be near a prime festival location, you’re sure to make a pretty penny off your rentals each month. Start scoping out your yard, set up your stakes, and don’t forget to dig the fire pit, and call in the campers.

Rent Driveway

Again, in case you haven’t realized, renting space at your home is the best way to make easy money, fast. And if you can rent out your rooms, your campers, and your yard, why not rent out any additional space you may have in your driveway as well. While this moneymaking option will depend heavily on your location, it’s definitely an excellent way to earn some serious cash with basically no effort whatsoever.

You city slickers, this one is especially for you. It’s not a secret that finding parking in any city, whether you’re in a smaller city like Chattanooga or a mecca like NYC is near impossible. And lets not even get into how outrageous parking fees have become over the last 10 years. Cities all across the country are short on space and high on demand when it comes to the parking scenario, so why not take advantage of it? If you have any extra space in your driveway at all, and live near a public transit, within a reasonable walking distance from major attractions, your driveway can help you make extra cash.

Hop onto Just Park, upload photos and prices of your space, and be ready for the cash to start flowing in!

Rent Out Storage Space

Maybe the lodging rental life just isn’t for you, and the thought of having people you don’t know staying in your home, backyard, or even parking their vehicle near yours is a little too much for you to bear. But you still want to make money, and you have extra available space, so what’s left for you to do to make that extra cash? If you play your cards right and have the right amount of space and willingness, you could be able to rent out your garage or available space for monthly storage.

Now, you don’t have to go all out and store a house’s worth of items, but plenty of people out there are looking for affordable locations to store boats, campers, RVs, motorcycles, and any other larger vehicle that isn’t made to withstand winter temperatures.

If you have excess space in your garage, a barn, or shed, this might be the perfect match for you to make some extra cash just by keeping someone’s vehicle dry. And you can determine if you want this only to be a seasonable thing or an endeavor you choose to pursue year round. It’s all up to you.

While there isn’t a designated site for this kind of rental, you can always post your space on Craigslist or even Facebook to advertise your space. Just remember to take plenty of pictures, provide as much information as possible, and the rest will take care of itself.

Host Events

This may seem like a no-brainer, but a surefire way to make some extra cash, especially if you own enough acreage, a small farm, or just have a beautiful home that would lend itself to such endeavors, start hosting events. Now, you don’t have to go all out and offer concerts and festivals, but you’d be surprised how much money you can make just by hosting the occasional seasonal mazes, hayrides, or even a location for special event parties and dinners.

If you wanted to take it up a notch further and make even more money, you could always turn your home and land into an outdoor, or indoor depending on what you have, wedding location. While church weddings are still celebrated, many are opting for more modern venues that will make their weddings unique and memorable. So, if you own land in a rural location, this might be the niche for you.

Remember to always check local permit laws and regulations to make sure you’re in accordance with the law, but after that, rent on and prosper!