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How to make money from your home
How to make
moneyfrom your
home
Rich Dad, Poor Dad author Robert Kiyosaki says that buying your own home isn't an investment because you can't make money from it. But plenty of New Zealand home owners are proving him wrong.
My niece just bought her first home, by herself, in Auckland. It's a two-bedroom apartment and her plan was to rent out the second bedroom to help with her mortgage payments. Most of us would have found a flatmate but she's smarter than that.
“I did the maths and found I could make 30% more per week by renting the room out through Airbnb,” she says. “Plus I get to meet lots of interesting people from around the world.”
Airbnb has just named its global list of “19 Destinations to Visit in 2019”. And guess which town topped the list?
Kaikoura may have been cut off from the world by a 7.8 magnitude earthquake in 2016, but that hasn't stopped the little South Island town from staging a marvelous comeback with a 295% increase in year-on-year Airbnb bookings in 2018 as visitors flock to experience whales and other wildlife in their natural environment.
Real estate reports indicate that more and more Kiwis are looking to buy homes with an eye to their additional income potential. And they're not only renting out rooms, granny flats and sleepouts on Airbnb, but a host of other online accommodation services too.
Don’t have a spare room? Don’t worry. Just take advantage of another trend we've noticed. Turn your basement, attic or garage into a separate living space, extend your home or add another dwelling on your property. You can get all the advice you need
from your local Pzazz Building owner, so contact us now
to boost your income in 2019!
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