house

If you are living in a rental house you dream is to build or buy a new house but if you have more than one house mostly you rent it to earn from it but there are other few ways to make more money from your house.

  1. Make it as a hostel

If it is inside or near city you can make it as a hostel for men or women mostly people from outside the city will be looking for safe accommodation so you can make use of this opportunity there is a chance of making it as your mainstream business but you have to provide necessary furniture to complete the house.

  1. Provide PG accommodation

You can make a temporary partitions in your house create small rooms and invest some money to furnish your house make an advertisement in online sites. This will fetch you more money than renting it to you a single whole family but your house should be within city or near IT parks so chances of increasing rent and demand for your house will be more.

  1. Make it as an office

Since start-ups are bootstrapped they are looking to accommodate their team in an economical place so they prefer to function in house than in a commercial building so you can rent it to them .Not only start-ups most of the construction offices and small investment firms make house as their office so there is a potential opportunity in this.

  1. Lodging house

If your house is near any tourist spot or near party halls more people will come due to increase in demands hotels will charge high for the accommodation so you can rent your place on daily basis for a reasonable charge this will fetch you huge income and chances of making it as your mainstream business.

  1. Rent your house

Obviously if you have more than one you go for rent but if you want to earn more rent it to working bachelors they pay you more than a single family.

If you know few other ways to earn money from your house please comment down below we will add it up.

 

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By Ram

An avid reader and contributor working hard to make his daydream success. An optimist and a strong believer in the power of subconscious mind. Working in a top software firm in Greater New York City Area, Learned many things other than engineering.