Turning an unused space into a money maker is a fun side hustle. If you’re creative enough, it can become a full income replacement. When a garage has extra space to offer, there are plenty of reasons to take advantage of every inch.
1. Shark Tank
If you’re using your garage solely for car parking, then it is wasted space. Some of the most successful businesses in the world started in a garage. Just like an episode of Shark Tank, the greatest companies start by using the resources they have on hand.
2. Car Restoration
You don’t need to be a professional mechanic to start on a car project. For the truly dedicated, vanity projects of this type turn into something special. When it’s finished, you show it off at car shows or sell it for a big payday.
3. Create A Room
Want to increase the value of your home? Being able to add ‘half’ a room or bathroom to your listing will boost its value. A fully functioning extra room is convenient, and can always be repurposed for something else.
4. Inventory
If you sell a lot of things online, the garage can work as extra inventory space. This beats out paying a monthly fee for a storage unit while giving you direct access to the goods. By cutting out the middleman, you’ll realize a big profit in no time.
5. Furniture Restoration
Just like car restoration, furniture restoration has its own niche. You can store and sell finished furniture in your garage, but make sure to ventilate properly. And since old furniture is priced low, selling high will always grant you a massive profit.
6. Storage Space
You’re already using your garage to store things, so why not offer it as a service? This is one of the oldest profit-making moves in the world. Charge a small fee to store some items, and if you’re savvy enough, add in a little extra for insurance.
7. Hollywood
There are plenty of instances where Hollywood has rented out cars and homes for movies. If you clean up the space enough, a garage can act as a recording area for amateur video. Charge a negotiable fee, and watch as movies, television shows and internet videos get made in your new space.
8. Music Studio
A music studio is one of the most ambitious ideas for a garage with free space. Build a soundproof booth or room, and everything else will pay for itself. Technically, you don’t even need to buy any music related equipment. Having a soundproof space to create music is a big deal, and small studios have made serious money by renting out their space to up and coming singers.
It’s Free Space
The potential for extra income is an attractive feature for many homes. There are way too many garages in the world that are unused for years, so put it to work. It takes a little bit of effort to create benefits that will last a lifetime.
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