An extra room in your condo can mean additional space. Having a spare room at home is always good because you never know when you might need it, but it’s a waste not to make the most out of it. You can always rent it out to earn some extra income, but what if you don’t want to deal with a daily roommate or a stranger living in your home? If you’ve decided that you don’t want to compromise your privacy for an extended period but would like to maximize the use of your spare room, here are some earning opportunities that you can take advantage of with your extra room.
Hobby and Craft Room
Some activities that were mere hobbies before, such as drawing, painting, building model kits, and restoring antiques, are considered lucrative ventures nowadays by collectors and hobbyists. Depending on what you do and how good you are and with the right clientele, you can earn up to at least a hundred thousand per piece you make. The extra room can be converted to a personal workspace where you store your materials and prototypes. You could also create a room for your creations so you could show it off in social media. It may seem like a lot of work to personalize the space, but it will definitely be worth it when you make your first sale.
Business Space
When you buy a two-bedroom ready for occupancy condo in Ortigas in Manila Philippines at properties like The Grove by Rockwell, you can use your extra area as space for a business or part-time job. Examples of these skills are designing, writing, tutoring, event planning, and videography. Though you may start small at first, the quality of your work will eventually make your business shine. Start strong by having an office dedicated to that work. You can also opt to rent it out to freelancers in need of a working space.
Traveler Accommodations
If you’re still alright with people renting your space, but you simply don’t want them to stay for too long, you can opt to accommodate travelers and backpackers instead. You don’t have to worry that much, as you can sign up with websites and apps that offer this kind of service, and they will take care of the details such as security and looking into your future renters’ backgrounds. With this arrangement, you can enjoy your privacy, extra space while having a profitable source of income. At the same time, you meet people who come and go and make friends during the process.
These are but a few suggestions for making a living out of your extra bedroom. If you want more ideas, you can do your research and think of options to gain earnings from your extra space. So don’t hesitate to acquire that unit that has some extra space; but make sure that the pace suits your plans and would mean that you have more investments to use to your advantage.