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We talk a lot about working from and running businesses out of the home, but have you ever thought about the business opportunities your home itself presents? There are more ways than you might think for you to turn your property into a business in and of itself. Here are a few of them:
Rent it on Airbnb
More and more people are turning their backs on big hotels and resorts in favour of renting properties from individuals on Airbnb. If you have a nice home in a popular location, you really could turn it into a thriving business opportunity and all you’d have to do is give it a little TLC, invest in things like noise monitoring for Airbnb to ensure that you don’t end up upsetting the neighbours, and learn a little bit about SEO and marketing so you can make sure your property shines. Sure, if you’re only renting it out when you’re not there, you might not be able o make a mountain of money, but rent it out year-round and you could see a healthy return – it’s certainly something worth thinking about.
Run a Bed and Breakfast
If you have a sufficiently large house (and it doesn’t have to be huge) you could convert your home into a B and B. It wouldn’t be anywhere near as hands-off as renting your property on Airbnb – in fact, it would be a full -time job – but it could be a very rewarding business venture for you, particularly if you love meeting people. Obviously, you may need to do various renovations on the property to get it up to scratch, so this is by no means a low-cost business to start, but it might just be more possible than you think.
Start a plant nursery
Got a decent-sized garden? Why not get it working for you by starting your very own plant nursery business. Of course, you may find it difficult to compete with the big guys, which is why you should look at growing more unusual species, heirloom vegetables or maybe even something like bonsai trees, which are niche, but still in demand, and which you can dedicate your energies to, in time becoming well known as an expert in that particular plant.
Use it as a film set
If you have a home that is interesting in some way – perhaps it has historical relevance or an unusual style that is highly sought after – you could make thousands of pounds each year by renting it out to various production companies looking to shoot on location. This may seem like a bit of a pipe dream, but film companies are always on the lookout for good locations and if you’re a good negotiator you could earn thousands for just a few day’s work. Of course, it does have its downsides in that your home will become practically impossible for you to live in during filming, but on the other hand, you may get to meet Brad Pitt or some other Hollywood hunk so it definitely has its perks!
So there you have it – your home really can be your business.