Heard of house hacking? Yes, no, maybe so? In short, it’s this: Finding ways to make money with your home.
Back in the day, it meant buying a multifamily property, living in one unit, and renting out the rest. While this still works, it’s no longer your only option. Here are a few other house hacking ideas:
- Rent out rooms in your home as short-term rentals
- Find some (nice and neat!) roommates and charge rent
- Build a standalone apartment or cottage to rent out on your property
- Rent out a garage or basement for folks to store vehicles and other items
Are you an experienced “house hacker?” What ideas am I missing? Drop them in the comments below!
Cindy Grenier, Realtor