For some people, having their own property can be financially draining. Just thinking about the utilities that you need to pay and the maintenance that you need to do to make it liveable and decent. This is why people are dissuaded to invest on real estate.
But the truth is, you earn some cash using property. Using your wit and selling prowess, you can make your incredible apartment into a money-making machine. So, if you are looking into buying a 1 bedroom apartment for sale in Dubai, these financially-sound home businesses might convince you more:
- Rent it out
A lot of tourists and travellers today are looking on staying on rented spaces than booking a stay at hotels or inns. For one, rented spaces and apartments because of the homey vibe and ambiance. They are also given more freedom to move round compared to hotels. If you want to earn some cash through this gig, polished your apartment and put in on AirBnb. This is enough reason to look for property management companies in dubai-area.
- Conduct some classes
If you have enough space in your apartment, you can turn it into some sort of activity area where you can conduct some classes or have some recreational activities like yoga, art and cooking classes. You can practice what you like, share your knowledge with others and earn some money from it! Score!
- Set up a to go food store on your home
If you are into cooking and baking, turn your apartment into a fabulous food house where people can order and take them home. Many homemakers are taking advantage of their fabulous kitchen and turn their cooking skills into a money-making activity. So go set up your kitchen, cook some awesome dishes and post them online! You can invite your friends for some taste test first before launching your home kitchen.
- Lease your parking space
Parking can be a major problem for some people, especially if you are in a busy district. Lend a hand and have your parking space rented to other who need it the most. This can be a temporary set up that can give you additional cash.
- Make it a party-place.
There are some party people who are looking for a place have their party hosted. Be a generous host and offer your place for a fee. This could be an advantage for you as you can network and meet other people. Just be sure to set some ground rules to avoid issues with your landlord.