That little oft-neglected space in your home, the garage, can save you money if you let it work for you. Here are just three of the ways that your garage can save, or even make you money.
House Your Car
Use your garage to actually house your car. This is such a foreign concept to most of us. We usually use our garages for storage and not for out actual cars. This is pretty backwards thinking. By using our garages to shelter too much stuff, we are not protecting our cars, which are generally bigger investments.
We learned this the hard way, recently. My husband parked our second car out near the road, and a tree brand fell on the windshield, cracking it. Our garage could have saved us the cost of a repair.
As an Addition
If you need some extra space in your home, putting on addition can save you from taking on a larger home and larger mortgage. However, even additions can be costly. Most homeowners can save money when they finish off a garage and convert it to livable space. The footprint and structure are already there, meaning you’ll save quite a bit.
Of course, this means losing the garage itself, as a garage.
As a Rental
If you can clear your garage space, it may be able to make money for you in the form of a rental space. I have seen many advertisements for people wanting a space to house cars, small boats and other inventory. We all have too much stuff. Why not take advantage of this occurrence and fulfill a need while earning extra income?
Renting out your garage to someone else for just such a purpose may earn you hundreds of dollars. Plus any upkeep on that part of the house may be deductible on your taxes.
You can read more blog posts by Mary Ann Romans here!
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