One of the areas often overlooked in our homes is the garage. It turns into a dumping ground for old cardboard boxes, broken stuff and outgrown children's bikes. There is value in your garage, so much so, that some people go around cities and invest in garages so they can do them up and rent them out. People are on the lookout for garage spaces. Let's have a look at how you can make money from your garage.
Rent It Out For Parking
If you don't use your garage for parking your car, have you thought about renting it out to someone who needs that space for a vehicle? Whilst you might not want people in and out of it all day, you might have someone in your local area who has a classic car or campervan that they want to be parked out of the weather. You could even store someone's caravan in there! Renting out this undercover space could easily bring you £100+ a month. Depending on the location it could be £200+. That could be £2500 a year! When you see the potential figures you want to start to make money from your garage.
Start A Business From Your Garage
Your garage is usually a great space, big enough for a vehicle. If you don't need that space to park, strip the garage back to the bare bones and kit it out for a side hustle. You can easily run a business from a garage and the possibilities are endless. Create a purpose-built space without your four walls and start a successful business. You can work from home without your business imposing on your home life. Leave work at the garage and come home to the family at the end of the day. You could also start a side hustle in there which could turn into a full-time job down the line. A new business can be a great way to make money from your garage.
Rent It Out For Storage
Storage is a huge problem in a lot of homes. Especially new builds where homeowners often struggle for space. Lots of people look into lock-ups and storage units to keep their extra things in. Why not hire your garage out as extra storage for someone? You might be able to get £50-£100 a month for this. If it is just full of old clutter, clear it out and start to make money from your garage.
Organise & Rent Out Your Tools
Many people keep their tools and outdoor machinery in their garages. Have you ever thought about renting out your power tools and lawnmowers to people in your local neighborhood who don't have the cash to buy their own? Or the storage to keep their own. Or use them often enough to justify a purchase. Organise all your tools and outdoor equipment so it is easily accessible. Then you can hire them out, having people turn up at your garage to collect. A great idea is to have a battery charging station to ensure that batteries are always charged up for new customers.
There are plenty of ways to use your garage to bring in some extra income. Use some of these ideas or think outside of the box to make money from your garage.
