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How to make extra cash from your home

Did you know there are lots of ways you could make money out of your home, without having to sell your property?

Recent research from Gocompare.com found that a third of Brits have an ‘earn from home’ scheme, with the most popular ways including selling items online and renting out a spare room.

Here are a few other ways you may not have thought of. You can also find more ideas on how to make money out of your home with this interactive guide.

Rent out storage space

If you’ve got some spare space in your attic or garage, you could register it online and rent it out to people near you. List your space with sites like storemates.co.uk, undercut commercial rates in your area, and your empty space could soon be paying for itself.

Get online

There are lots of different ways to make money online, such as using cashback sites for purchases, or even entering competitions. If you don’t mind taking surveys in your spare time, you could also sign up to sites such as Yougov.co.uk who’ll pay for your opinions on a variety of subject matters.

Become a pet sitter

If you love animals then you could think about opening up your home for pet boarding. Register online and advertise your services to start receiving messages from pet owners near you. You may need to take out public liability insurance however, and be aware that your home insurance probably won’t cover any accidental damage caused by pets.

Turn your home into a film set

Your home doesn’t need to be glamorous or unique to be camera-ready. There are film crews all around the country looking for properties of all types for filming and photo-shoots, and you could earn cash by inviting them to use your property as their set. Make sure you check if your insurer will cover you for any accidental damage first.

Whichever ‘earn from home’ scheme you use, remember any extra money you make will be subject to income tax and must be declared to HMRC. Make sure you check with your insurer, mortgage provider and/or landlord before renting out areas of your home or your car.

 

Disclaimer

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Mother of three grown-up daughters and a proud grandma too, I am the ultimate multi-tasker and am passionate about my role as Silversurfers Website Editor and Social Media Manager. Always on the lookout for all things that will interest and entertain our community. Fueling fun for the young at heart!

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