Even though your home might be your biggest investment, there are ways in which it can cost you money such as utilities, mortgage payments among others. Most people hope that their homes will pay off in the long run when they sell at a profit. However, you don’t have to wait until you sell your property to make money.
If you want to get the right buying or selling agent, you should consult top Dubai real estate agencies. Currently, there are new projects in Dubai that promise a good return on investment. The best part is that they are sold at very affordable prices compared to other cities like London or Paris. For instance, you can choose the various villas for sale in Dubai in different parts of the city.
Here are some ways you can make money with your house:
Rent out the parking space
Even though Dubai is a large city, there are limited parking spaces, especially in some neighbourhoods. Therefore, if you have a driveway or parking spot, you can rent it and make extra money. Nowadays there are several parking apps where you can list your space. In fact, if you live close to a stadium or popular venue, you can always lease event parking premium.
If you love animals and have extra space, you can consider boarding pets in your home. You can create a kennel in your backyard to host the pets. Alternatively, you can welcome the pets into your house and care for them like your own. If you have time you can offer other services such as pet walking or grooming.
Use the yard to sell items
If you live in a dense neighbourhood, you can always take advantage of the traffic to sell items in your front yard. This can be things you are trying to declutter, things you have made or produce from your home garden. If it is allowed, you can put a sign to advertise the services you are offering.
Rent out to a film company
You can rent out your home to movie companies and get paid. Nowadays, film companies are constantly scouting for prime locations to shoot movies. Sometimes the daily rate of leasing your property is equal to a month’s rent.
Rent out the extra space
If you have extra space, you can rent it as storage. This can be the shed, basement, attic of the garage. However, you have to make sure it is pest-free, climate-controlled and easily accessed.
If you have any comments on this post, feel free to leave them below or contact us at iWriter a Lot!