4 Ways Your Home Can Be an Income Generator

Ideas on how can your home give you extra income monthly or daily.

If you want to take advantage of that new home of yours and get some extra income to cover for your mortgage payments then keep reading below.

1. Host An International Student: Renting a room to an international student apart from being an awesome experience in most cases, will also bring you extra income monthly. It can get you approximately 500-800 CAD a month. You just have to give the student one room and your home rules while learning about a new culture from your own home.

2. Plant Flowers, Vegetables and Fruits in your Garden: You can get extra income by selling fresh flowers, veggies or fruits and having fun through the whole gardening process. Offer it to your neighbors, Facebook and Instagram connections and it can become a really fun and lucrative idea.

3. Take care of Pets: Taking care of your co-workers or friends dog/cat while they are on vacation or away can give you some extra income. From 20 to 40 CAD a day! So if you are a pet lover this is the right deal for you.

4. Rent Your Garage: Rent your garage as storage room for other people. If you are not giving any use to your garage or even if you do but you still have space left, then you should consider renting some space out to other people. This could give you up to 100 CAD a month depending on the quantity of space you will rent out.

These are some ideas among so many others that you can use in order to get some extra income. I hope they helped you to get creative and have some motivation to take advantage of something fun and convert it into income.

Contact me to get more ideas on how to lower your mortgage payments! There are so many options out there for you to learn about and I can guide you through all of them.