The new ways to make money from your home
Posted by Steve Harmer on
How can you make money from your home?
Interesting article from the United Kingdom.
In simpler times, people threw Tupperware parties or took in lodgers. Now they run pop-up supper clubs or rent out spare rooms on Airbnb. Some do it for fun - there’s nothing like cooking for strangers or doing a bit of towel art on Egyptian cotton duvets - but most people do it for the money.
There is a growing sense that home is not just an appreciating asset, but a means to make ends meet, part of the global “sharing economy” that allows us to trade our private spaces as easily as selling collectables on eBay.
But first you need the right house: with an eye on income potential, you might look for extra guest rooms with en suite bathrooms, outhouses (perfect…
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Secondary suites, a common feature of larger, older homes in several Canadian municipalities, have been in existence for many years but became illegal in some jurisdictions when zoning bylaws set stringent requirements for the type of housing that could be accommodated in low-density areas. Since the 1980s, secondary suites have been recognized by policy makers as one of the most cost-effective ways of providing affordable rental housing and are an important part of the Canadian housing stock, especially in urban areas. Secondary suites make up close to a fifth of the rental stock in Vancouver and Edmonton. They are also an important source of…
Move to a larger, more suitable home in your neighbourhood or stay put and renovate what you have? Finish the basement or build an addition? And most importantly, what would each scenario cost?
Renting property can be a lucrative way to make money but make sure you know the rules..
TORONTO – Homebuyers in Canada now face larger down payment requirements for properties over $500,000. The changes are intended to temper some of Canada’s heated real estate markets. Here are five things to know about the new rules:
Whether rough, hand-hewn planks, or elaborately laid parquet, wood has always been dependable as a durable surface with a host of other benefits. Today’s modern hardwood flooring maintains its durability, is easier than ever to care for, and is available to enhance every architectural and decorating scheme.
According to data compiled online, "hardwood floors" is the most common word or short phrase used in Canadian real estate listings, followed by "beautiful" and "stainless steel appliances."
A simple welcome mat and a mailbox bearing your name just won't cut it.
Price, square footage, location: "All that can be trumped by the visceral reaction of seeing a home," says June Cotte, who teaches marketing at Western University's Ivey Business School.
The spring housing market, despite the best efforts of weather gods, is budding.