How to make an extra £6,000 a year from your house

telegraph.co.uk:

rising energy bills having a knock-on effect on the price of practically everything we consume, if you’re not feeling the squeeze now, chances are you soon will.

But what if you could earn a passive income, simply by making the most of the four walls around you?If you have an empty outbuilding, annexe or garage, it could have the potential to provide a fruitful opportunity to create a revenue stream averaging around £6,000 a year, and new research [from IW Capital] suggests that 39 per cent of Britons see passive income sources as a way to supplement their 9 to 5 salary, although the word passive may be misleading when it comes to renting out part of your home.Airbnb is no longer a novelty, hotels are fighting back and the government is tightening the rules on short-term lets.

But hosts who get it right can flourish.For Lucy Jones, a Sussex-based mother of three working part-time in PR, the chores associated with renting out her family’s garage as an Airbnb might take up time each week, but when Covid affected her husband’s travel business, it was a way to top up the family finances. “And it has allowed us to do things we wouldn’t have been able to,” she says.

Last year, the former home office, which they spruced up with storage cupboards and a kitchenette, generated around £4,000 in income.“Meeting new people adds a funny dynamic to your life,” says Jones, “but it can be sensitive because it’s your home – you want everyone to have a nice time.