What’s it cost to maintain a home? Some say a rule of thumb is 1 per cent of the purchase price. But really it depends on the property age and condition.
Regardless of the cost, viewing your home as a maintenance money pit is a glass-half-empty view of home ownership.
We prefer to take a glass-half-full perspective so here are a few novel ideas to get your home earning its keep.
#5 tips to turn your house into a money maker:
- Renting your house out as a film set can earn you up to $2,500 a day says finder.com.au. Television shows, film producers and advertising companies are scouting for all kinds of houses every day. In Queensland try registering your home with www.qldfilmlocations.com.au.
- Rent out your garage or carport as a parking space. This works particularly well if your home is close to the inner city or a transport hub with limited public parking. Advertise on sites like gumtree.com.au and watch your cash roll in.
- Rent your storage space. Got a spare garage or downstairs room? Rent it out for storage. Again, check out how it’s done on gumtree.com.au
- Rent a room. These days Airbnb makes it super easy to find tenants who’ll pay by the room. You can also check out flatmates.com.au or google other house-sharing sites.
- Turn your backyard into a camping spot. This one is a little trickier to get off the ground. Sydney start-up Homecamp, the ‘Airbnb of camping’ shut down after two years of operations but in a share economy the idea could be worth a second look. Talk to your local council to find out if restrictions apply.