The cost of living crisis is affecting us all, and most of us are looking for a way to make a bit of extra cash. Our Leicester self storage team have come up with an innovative way for people to make some extra money by using self storage.

 

Furnished spare room that can be rented out

Many of us have a spare room or space that doesn’t get much use and can sometimes end up turning into a bit of a dumping ground! Also, a lot of us have items we still want and need, but don’t have a space for in our houses or flats, so they end up being put into the spare room.

Why not utilise this space and turn in into a revenue earning scheme, by putting your belongings into storage and renting out the room? It’s much easier to do than you would expect.

 

Process From Spare Room to Revenue Stream:

  1. Decide if you want to let the room as furnished or unfurnished.
  2. The next step will to be to go through your spare room and pack up all your items that you will need to remove, for example any personal items if you are renting it as a furnished room, or all the items if you are renting it as an unfurnished room. Our blog has lots of articles to help, with great self storage packaging tips.
  3. Choose your self storage provider. If you’re not sure what to look for when selecting your self storage provider, you can use our blog post to help you make the right choice for you.
  4. Move your items into self storage.
  5. Choose the website you want to advertise your spare room on, for example Rightmove, Gumtree, Spareroom.com, or even Airbnb.
  6. Take pictures of the room and start advertising!

 

Depending on how big your room is and what items you need to store, the contents of one bedroom will likely fit into a size between 15 sq ft and 50 sq ft.

On average a spare room in a house or flat can be rented out for £130 per week (of course this is dependant on location, size etc.) and your storage costs will be a lot less than even half of that amount – so you can certainly make a decent return and generate yourself some extra money.

 

If you think this is something you’d be interested in doing and will require self storage, we have sites in Bradford, Leeds, Leicester, Preston, Rotherham, and Salford. Get an instant price online or give us a call on 0330 333 7866 to learn more.