Leaving your old garage unused is a great waste of valuable space and opportunities. After all, garages are essentially big rooms adapted to storing vehicles. Nothing is stopping you from giving your garage a makeover and even using it to turn a profit.
With that in mind, here are some of the best ways to turn your unused garage into something that can generate additional income!
Best Ways to Make Money with a Garage
Perhaps the easiest way to earn money using your garage is by renting it as car storage or a repair area. If your hobby involves crafting and selling handmade goods, you can turn your garage into a makeshift workshop and use it to expedite manufacturing.
It might be a good idea to convert your unused garage into a much larger and more comfortable home office instead of working from the confines of your bedroom.
Finally, once you clean it properly, consider renting your old garage as a storage space for small local businesses.
Explore the ideas below and learn how to use your garage to make some money!
Rent It Out For Car Storage
One of the most common questions people ask when considering renting their old garages is whether or not to charge for parking.
Most people who park their cars on your property will likely be willing to pay a minimal fee if they are guaranteed a safe and secure place to leave their vehicles while they are away.
If you live in a decent neighborhood and your garage is clean of junk, you can make some great money by renting out your old garage as an overnight or long-term parking solution.
In order to get started, post some ads online or put up some flyers around town advertising your car storage options.
Remember to include your contact information and a list of rules and regulations to avoid any headaches in the future.
However, before you start renting your garage, make sure that it is as safe as possible. Check if your garage door operates properly and repair or replace it using the services of a professional company.
The new garage door cost might turn you off at first, but the investment will pay off in the future. It's also worth installing a few security cameras and some additional lighting to deter thieves and vandals.
Use It As A Workshop
Another great way to use your old garage is by transforming it into a small workshop. If you are passionate about crafting, woodworking, or even simple repairs, having a large and well-lit workspace can be a huge advantage.
This will allow you to work more efficiently, and in turn, increase your profits.
Of course, before you get started on any projects in your garage, make sure that the space is clean and that you have sufficient power outlets and ventilation.
You should also consider installing appropriate flooring, adding workbenches, and investing in some basic power tools. If you're afraid of spills, think about placing some rubber mats around your workbenches.
Turn It Into A Home Office
If you are doing some freelance work in your free time, your bedroom, living room, or kitchen table has likely become your work area.
However, instead of working inefficiently from your sofa or bed, why not convert your unused garage into a much more comfortable and functional home office?
You can start by cleaning the space and making sure that it is free of any clutter.
After that, you should install some insulation in order to keep the temperature comfortably cool during the hot summer months. It's also important to have a fast and reliable internet connection in your garage to avoid any disruptions.
Once you have everything ready, add a few pieces of essential furniture and some personal touches to make it feel like your own office. You can then start using the peace of your new work environment to earn money more effectively.
Rent It As A Storage Unit
Another great way to make money from your old garage is by renting it out as a storage space for local businesses. If you live in a popular area with limited storage options, you can charge companies for the opportunity to store their extra inventory in your garage.
This is an extremely effective way to generate some additional income, especially if your garage is larger than usual.
It is important to remember that if you are going to rent your garage as a storage space, you need to make sure that it is clean and safe.
This means that you should remove any personal items and ensure that the space is free of pests and other critters. You should also consider installing some shelves and racks to optimize the use of your storage area.
If you have an old and unused garage, there is no reason to let it go to waste. With a little effort, you can easily turn your old garage into a source of extra income.
The simplest way to do this is by renting your garage as a car storage space or a workshop area. However, you can also use your old garage to create a home office or to store inventory for local businesses.
Of course, before you start using your old garage in any way, you need to make sure that it is clean, safe, and functional.
Once everything is done, the return on investment can be quite significant. So, if you have an unused garage, make sure to consider some of the ideas on this list to maximize your garage profits. Good luck!
More From Wealth of Geeks
- 8 Controversial Comedies That Could Never Get Made Today
- 10 Movies Fans Watched Once and Refused to Watch Again
- Top 5 TV Show Cancellations That Still Frustrate Disappointed Fans
This article was produced and syndicated by Wealth of Geeks.
Josh founded Money Buffalo in 2015 to help people get out of debt and make smart financial decisions. He is currently a full-time personal finance writer with work featured in Forbes Advisor, Fox Business, and Credible.