If you are a homeowner, odds are housing costs are your biggest expenditure. As per Zillow, the average mortgage payment eats up twenty percent of family’s earning every month.
But what if you can cover the mortgage expense without working extra hours? Though that might sound impossible, but in reality it is feasible. With some creativity you can enjoy passive earning that cover your mortgage expense.
Here is how you can turn your Columbia MD house into a money-making machine.
Give your lot on rent to tiny home dwellers:
The small house movement is thriving, as people are looking to downsize their lifestyle and save cash. However, the main roadblock tiny homeowners come across is where to park their home. Most counties restrict tiny home dwellers except they’re on a lot with a conventional home.
If you’ve a big lot, you can earn money from it by giving the space on rent to tiny home dwellers. You can even earn more by offering amenities such as septic, electric, or water hook-ups.
Relying upon your location & the amenities you are offering, you could charge anywhere from 350-$1,500 a month.
Let advertising firms to shoot commercials in your house:
If you don’t have any issue with cameras and group of strangers in your house, you can earn up to $1,500 a day by giving your home on rent to commercial film makers.
You don’t need to live in NY or LA and your home don’t need to be lavish or large. A lot of advertising units seek modest homes for their commercial ads.
List your Columbia MD house on Airbnb:
Budget conscious travellers like to skip hotels by booking their accommodations via sites like Airbnb. In fact, more than two hundred million people have stayed with hosts since the introduction of Airbnb in 2008.
If you’ve an extra bedroom, you can rent that space out for a few days to a month get some extra earning. Relying upon where you dwell, the rental fees can add up to hundred each month.
List your home now to start receiving calls for bookings in just a few minutes.
Sell parking spaces:
If you’ve a hardly used garage or vacant parking area, you can earn as much as $375 a month renting it out.
So, these aforementioned reasons are enough to make you convinced that homes for sale in Columbia MD are a good deal.Talk to your realtor now for the best possible deal.