We all think of property as home. Somewhere safe, warm, maybe a bit messy, but it’s ours.
What we don’t always think about is that a home can be more than just where you crash at the end of the day. It can actually do more for you, if you let it.
Whether you’ve already got a place or you’re looking to invest in one, here are a few ways to manage your property portfolio.
Yes, you can do a bit more than just give you a roof over your head.
1. Rent it out short-term when you’re not using it
If you’re away a lot, or you’ve got a second property sitting empty, you might want to consider short-term letting.
Loads of people are turning their homes into little income boosters this way. You don’t need to do it full-time either. Just renting it out during school holidays or events in your area can make a huge difference.
If the thought of handling bookings and cleaners puts you off, there are companies out there that deal with it all for you. You can look into airbnb management to help take the pressure off while still bringing in cash.
2. Use it as a filming or photoshoot location
This one’s not as common, but it’s still worth thinking about. If your place has a certain look or style, you can actually register it as a shoot location.
Brands, photographers, and small productions are always looking for new spaces to shoot in.
You get paid for the day, and all you really have to do is tidy up a bit and let them do their thing.
It won’t work for everyone, but it’s a neat option if you’ve got a cool layout or unique décor.
3. Create a work-from-home space
We’ve all seen how the world shifted during the last few years. Working from home is totally normal now.
If you’ve got a spare room or a corner you’re not really using, you could set it up properly for work. In fact, there are 16 steps you could take to create a good workspace at home that generates money for you.
Not just a laptop on the kitchen table, but a real space that helps you focus. Even better if you already freelance or run your own business.
Having a dedicated spot can make you feel more professional and organised. It doesn’t need to cost loads either. A desk, decent chair and some shelves can do the trick.
4. Start a side hustle from your space
Ever thought about turning your kitchen into a baking business? Or your garden shed into a little craft studio?
You’d be surprised what you can do with the space you already have.
Loads of people are setting up side hustles from home, whether it’s selling online, teaching music lessons, or offering treatments like nails or massages.
If you’ve got the time and a bit of know-how, your house can turn into your second income stream.
5. Build equity over time
Even if you’re not doing anything extra with your property right now, just owning it can work in your favour long-term.
Every payment you make chips away at the mortgage and builds up your equity.
If the market’s kind, the value might go up too. Later on, you can remortgage, sell, or rent it out.
Either way, your home quietly becomes an asset that can support you in ways you probably weren’t thinking about when you first moved in.
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