Using space effectively at home can not only save money, it can help you make it. Some decluttering and clearing out unnecessary or unwanted items comes first, but having done that, there is room for money making ventures.
Out of sight, out of mind is a phrase that could have been coined just for storage at home. How many of us have things tucked away in cupboards that never see the light of day, let alone get used? Having a good clear out and removing items no longer needed not only frees space, it clears the mind too. Put treasured items into storage elsewhere and sell other things for a bit of extra cash.
Running Your Business from Home
With office space costing an arm and a leg, and businesses needing to trim expenses where possible, more freelancers and small business owners are ditching their offices altogether.
Turning a spare bedroom into an office is a relatively simple undertaking if the room isn’t in constant use. There are even ways to maintain a dual purpose if you occasionally want to temporarily turn it back into a guest room. While there may not be room for guest bed storage at home while the spare room is the office,
storage facilities provide an ideal solution. The money saved on office rental will more than cover the cost of renting a small storage room.
Some business models fit very well with self storage room rental. Online retailers find the long opening hours and professional security make it the perfect option for stock storage, including creating a bit of space to prepare items for postage. Working this way, in conjunction with a home-based office can reduce the cost of doing business.
Rent Out a Room
There’s a housing shortage – we all know that. If you have a spare room, why not offer it for rental? If you have a university close by, many students would welcome the opportunity to rent a comfortable and secure room close to their place of study. Whether you choose to let in the long or short term, the amount you could charge will go a long way towards offsetting mortgage and household costs.
Other short term rentals, for those who don’t want to commit to offering a permanent home to a lodger, are to offer short term lets based around local events. If you live in a popular tourist town or centre for culture with plenty going on, this could provide a steady stream of additional income.
Let out Your Garage
Is your garage full of junk, with no room for a car or anything else? Many of us start out with good intentions for the garage, but over the years it’s just too tempting a short term dumping ground that ends up being permanent. Getting rid of the stuff you don’t use or want and freeing up the space opens up a potentially lucrative space that you could rent out to a commuter on a day basis.
Clearing the Decks before a Sale
Home buyers are looking for a lifestyle to buy into when they’re property hunting. Maximising the advantages your home offers in the way of perceived lifestyle can really help achieve the highest selling price. To do this, make sure every room contains only items that demonstrate that room’s use. Depending on the lifestyle you’re appealing to, this could mean removing computers from the living room, or TVs from the bedroom. If you need temporary storage for items that contradict your projected lifestyle, self storage, again, could be the short term answer till the contract is signed.