5 ways your home can generate extra income for you

Your home may well be your castle, but there’s no getting around the fact that it’s also a huge financial responsibility. However much you may be thrilled to be on the property ladder, especially when you consider the alternative in terms of sky high rents, you still need to manage your finances and live within your means. Sometimes, money’s just a little too tight for comfort. When you’re working all the hours but are still struggling to keep on top of mortgage payments and utility bills, how about getting your home to help out? There are various clever ways to generate a bit of extra income using the space in your home. Long-term lodger Renting out your spare room to a long-term lodger isn’t exactly a new idea, but it’s definitely worth thinking about. Obviously, it’s important to choose a respectable and trustworthy tenant but provided you’re happy to share your amenities and communal areas with another person, you may even enjoy the companionship and added securit


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