Turn your family home into a cash cow
Buying a home is likely to be your biggest investment, so why not try to make some extra money from it, especially if cash is tight. Maybe work is scarce because of the fallout from Covid-19 lockdowns.
If you have a spare room, you can turn this unused space into a cash cow. This usually involves sharing your home with other people, but not always. You could rent out the room as storage on a person-to-person (P2P)). You list your space, set the rules, including a timeframe and price, and people will hire it to store their possessions. Spacer provides some rough guides on pricing – a spare bedroom could make about $150-$200 a month and an average shed about $100-$150.
