You spent a lot of money building, fixing, and maintaining your house. It doesn’t have to cost you cash, though. With a bit of creativity on your part, you can turn your home into a moneymaking machine. Here are four ideas to get you started.
Start a Home-Improvement Blog
If you are a DIY junkie and love doing home renovations, why not start a home-improvement blog to feature all your hard work? You can write about your latest project like a DIY shelf or repainting your patio. Another topic idea would be a before-and-after post on a whole room you are renovating.
To keep readers engaged, you’ll need to post regularly or at least once a week. With all the projects you are planning to have or already had, you’re sure to have plenty of things to write about. There are a lot of blogging platforms that you can use for free, and these are relatively user-friendly.
Make sure to include a mailing list on your blog so people can sign up and get notifications whenever you have a new post uploaded. Once you’ve built a solid readership, you can monetize by installing ads or reaching out to potential sponsors who would love to collaborate with you.
Rent Out Your House for a Video or Photo Shoot
Have you ever wondered where music videos like Adele’s “Rolling in the Deep” and Taylor Swift’s “Blank Space” were shot? The gorgeous houses in those videos are available for rent for location work. If you’ve invested time and resources to transform your home into a work of art, then you should consider listing it at a location agency. These agencies will evaluate your property to see if it is suitable for location work, and they’ll refer you to potential clients.
Before you list your home for location work, make sure to make a thorough inspection to see if there are repairs needed. Use mold test kits in areas like the bathroom, kitchen, and poolside, which are vulnerable to mold growth. You might also need to submit a portfolio showcasing the different rooms and features of your home. Include a summary of the facilities you have and your terms and conditions.
Organize a Local Event
If your home features space such as a courtyard, parlor, or dining room that can accommodate large groups of people, you can use it as a venue for a local event like an art exhibit, poetry reading, or music show. This is a great moneymaking idea especially if you love throwing parties and organizing events.
You can reach out to local creative groups, bands, and artists who would love to be featured in the show. To help cover operational costs like equipment rentals, lighting, advertising, and talent fees, you can send out sponsorship proposals to companies who might be interested in partnering with you. Promote your event by posting on social media or by sending out fliers in key locations.
If you are planning a large-scale event like a concert, you can consider inviting vendors to set up stalls for food and drinks they can sell. Make additional income by charging them with a rental fee, or ask for a percentage of their total sales.
Sell Homegrown Vegetables or Decorative Plants
Do you have a green thumb? Maybe it’s time you monetize your gardening skills by selling your plants and produce. More and more people are turning to organically farmed vegetables, knowing that mass-produced ones are exposed to harmful chemicals and pesticides. This can be your niche as someone who grows plants and gardens at home.
Set up shelves and tables in your garden or front yard to display the fruits of your labor. You should also take advantage of social media to promote and sell your products. Photo-driven social media apps like Instagram make it easy for you to create a gallery to showcase your plants for sale.
In addition to selling in your own home, you should also join farmers markets to promote your brand further and expand your market. Look for local shops that might be interested in selling your products like artisanal stores, bakeries and cafes.
When you open up your home to visitors, it is important that you have foolproof safety measures in place in the event of emergencies like fires and earthquakes. You should also install heavy-duty locks and CCTV cameras in areas that you don’t want people to access. Last but not least, make sure you have a set of lockpicking tools, which you can use in case of accidental lockouts.