Earn Extra Income From Your Freehold Real Estate

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  • Author Emery Burrows
  • Published June 14, 2011
  • Word count 641

Freehold real estate is known for its expensive and huge new homes. Having big homes can be a big investment and can make you some serious money. However, have you ever considered the possibility that you can turn your property into a money-maker? There are several ways to make your Freehold homes for sale or rent work for you.

Rent out your driveway. You might have a big garage area without being occupied with cars. If you are residing near an event space such as those in Radisson Hotel or any major urban center and schools in Freehold, you can convert your garage space and collect parking fees from people who are willing to pay for the area. The price you can charge depends on how saturated your areas are. In Freehold, for instance, someone can expect to earn about $95 per month.

Make your home a star. When a home is used as a film or television setting, the payoff includes other extras that extend beyond the pay check. Among them are necessary cleaning, and sometimes fixing-up as well. Film companies try to leave a home in the same condition as they found it or better, depending on the needs of the production. List your home with your local film commission as well as with location agencies as they promote your property in exchange for a cut of 10% to 30% of the shooting fee.

Go green. The two main methods of producing energy at home are solar panels and wind turbines. Both will require a significant investment upfront. A wind turbine requires at least an acre of property as well as other location criteria. But the payback is worth it. There is still intimidation and fear in how to make a solar panel that is usable for your own home in Freehold, although there are already a handful of residential homes using solar panels.

Go gardening. A great looking garden can not only enhance the beauty of a home, but can also be a great source of enjoyment. If you are preparing your Freehold home for sale or any other surrounding area, be sure to make sure your garden look great. You can save up to $23 per plant by building an edible garden with big ticket vegetables like tomatoes, cucumbers, and green beans. Sometimes, money does grow on trees.

Take in boarders. Whether you have a spare bedroom or a whole spare house, there are people who want to rent it. If your abode has a certain charm and you’re willing to put in marketing hours, you can transform unused space into a monthly money maker. With some careful planning, you can take in boarders while keeping your home a comfortable place to live and maintaining some semblance of privacy.

Bed & breakfast. Have a cozy home and like playing host or hostess? A bed and breakfast might be for you. Costs and revenue vary greatly by the number of rooms: The more rooms at, say, $100, the more potential income, but that also means higher costs for upkeep.

Rent your house. If you go on vacation or are otherwise out of town for extended periods, you might consider renting out the whole house. Be prepared for a commitment of time and money to make it work, or just hire a professional property manager for peace of mind. To calculate how much you could earn, check out the rental prices of other homes in your neighborhood.

Camping space. If you live near campsites such as the Pine Cone Resort and Campground, in the wilderness or having a multi-day festival, there’s money to be earned from campers. A number of peer-to-peer services can put you in touch with campers who will pay to stay on your land. And they come with their own tent, though you may want to invest in an outhouse.

Emery Burrows writes articles about home buying, selling and everything about real estate. Check out these links for more information about Freehold homes for sale and Freehold real estate listings online.

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