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.
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.
The contents of this article are for reference purposes only and do not constitute financial or legal advice. Independent financial or legal advice should be sought in relation to any specific matter. Articles are published by us without any knowledge or notice of the circumstances in which you or anyone else may use or rely on articles or any copy of the information, guidance or documents obtained from articles. We operate and publish articles without undertaking or accepting any duty of care or responsibility for articles or their contents, services or facilities. You undertake to rely on them entirely at your own risk, and without recourse to us. No assurance of the quality of articles is given or undertaken (whether as to accuracy, completeness, fitness for any purpose, conformance to any description or sample, or otherwise), or as to the timeliness of the publication.
Latest posts by Silversurfers Editor (see all)
Leave a Comment!
Community Terms & Conditions
These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.
You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.
be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.
Contributions must not:
contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
Nurturing a safe environment
Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.
We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!