Are you looking to save money by only having a single car for your family? Or maybe you don’t have a car at all? Well, the unused space in your garage is a great way you can make some extra cash.
It’s now easier than ever to turn your garage into real money. Rather than using the garage to store your clutter and things you no longer want, you can put the money towards your rent or mortgage.
Let’s take a look at ways you can make extra money from your unused garage. All you need is a vacant single or double space in your garage.
Rent Your Garage As A Parking Space
There are several websites and apps you can use to rent your garage as a secure parking space, such as Spacer. People are looking for alternatives to paying exorbitant commercial parking rates. If you’re close to a major city or a business hub, or near a train or bus station, your garage parking space is more likely to be in high demand.
You can also consider renting out your driveway too. It’s more practical, as it’s easier for someone to come and go, but, as it’s not secure, which means it will earn less money.
Rent Your Garage As A Storage Space
If you’d rather have people coming in and out of your garage less frequently, another option is to rent it as a storage space. It’s ideal for people who are between accommodation, travelling on an extended trip, or temporarily relocating. Storage space is in high demand, and you can make money quick and easy, just by storing things for other people in your garage. Smarter Spaces is a great site to use.
Convert Your Garage Into A Spare Room
With Airbnb and Stayz, there are plenty of places where you can offer your spare place for rent to make some extra cash. A garage can already provide the necessities for a home. So converting it into a granny flat or studio isn’t as difficult as you may think, and can provide you with spare cash.
Please Note: You will need council approval before you convert your garage.
Rent Out Your Tools
Is your garage a mess of tools collecting dust to go along with unused appliances? Well, you can turn your unused tools into extra cash in your pocket. Tool Mates Hire is a peer-to-peer tool hiring and renting platform, where you can share your tools with others.
It’s perfect for equipment which people only use occasionally, where it doesn’t make sense to buy them outright. Things like power tools, jackhammers, and even sewing machines are in demand.
Most sites let you set your own rates, and the fees for registration cover any insurance costs. You can also choose to charge a deposit to give you extra peace of mind
There are many creative ways you can make extra money from your garage. Why wait, when you can be earning extra cash today?