How Can My Home Help Generate Money?

With Julie Loupin of RE/MAX Performance Realty

How Can My Home Help Generate Money?

Everyday costs are rising - but with a little creativity, your home can be a source of revenue generation! For example, part of your home could be converted into a rental suite. If you have the space, you could build an in-law suite or basement suite.

Or, become an Airbnb host by renting a spare room or even your whole house to potential guests.

Does your property have attractive amenities like a pool, big backyard or renovated barn? If yes, you could advertise your home’s amenities at an hourly or nightly rate.

These ideas are unlikely to cover your entire mortgage payment, but they provide a great boost for expenses like maintenance and insurance.