Friday 9 December 2016

Turning your home into a goldmine

Published 20/03/2016 | 02:30

It hasn't taken off here yet, but renting roof space to solar energy companies is a growing trend in the UK. We may be next
It hasn't taken off here yet, but renting roof space to solar energy companies is a growing trend in the UK. We may be next

1 Let out your spare room - Rent out your spare room with the added bonus that under the rent-a-room relief scheme, rental income is exempt from income tax under a certain threshold.

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2 Rent out your spare storage space - If sharing your living space doesn't rock your boat, how about letting out your shed as storage space?

3 Rent your gable wall for advertising - A gable wall on a busy junction on the South Circular Road was generating €1,100 per annum when the property went on the market last year.

4 What about the garden? - Renting out allotment space or growing vegetables and fruit to sell at farmers' markets can be profitable.

5 Transform a room into a workspace - Can your existing business be operated from home, saving the rent you currently pay on a workspace?

6 Clear out clutter - One person's trash is another person's treasure and there are plenty of ways you can divest yourself of unwanted clutter and make a little cash. Stalls at Dublin Flea Market cost €40 or why not try sites like Adverts, DoneDeal, Craigslist or eBay.

7 Renting your roof for solar panels - It hasn't taken off here yet, but renting roof space to solar energy companies is a growing trend in the UK. We may be next.

Sunday Independent

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