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Could You Make Money Renting Out Your Basement Space?

May 3, 2018

Many households are looking for new ways to make a bit of extra cash given how tight money can be at the moment, and there are a range of steps you can take to earn some additional funds without having to put in too much effort.

 

 

This Is Money has highlighted some of the top options for homeowners, and among them was renting out unused space - such as an attic or basement - for storage.

 

According to the news provider, there are various websites out there where you can list your space, as well as what it’s suitable to store there. If your basement is a gloomy and unused part of your home at the moment, it could well be worth looking into how you make it suitable for storage.

 

Of course, you don’t want to rent this space out only for someone else’s belongings to get damaged because the basement isn’t properly waterproofed, so contact an expert in damp proofing London to ensure it’s properly waterproof before you go down this route.

 

In a city such as London, where space is at a premium, you could find that making better use of your basement brings substantial rewards.

 

The BBC recently reported that there’s a boom in extending houses around the UK, which can include adding a basement or making that part of the home fit for habitation, as well as loft conversions and extensions into gardens.

 

This is due to homeowners moving less frequently than in the past and as a result doing what they can to make their current home suitable for their needs.

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