In an earlier post we talked about how renting out your converted loft can be an excellent way of increasing your income, not to mention an effective method of financing your conversion altogether.
Well, it seems as though having a lodger isnt the only way to make a little extra money from your loft. Storage space has become as much a commodity these days as it is a necessity, and many homeowners are currently capitalising on the need for it by renting out spare loft, shed and garage space to people in need of a safe and secure place to store their belongings.
How does it work?
Its really quite simple: for a small fee homeowners can rent out their unused loft space for the sole purpose of storing other peoples belongings, essentially using their loft as a commercial storage unit, only less competitively priced.
How much can you charge?
Obviously fees would be far less than if you were renting out a room to let, but there is still room for negotiation. Some homeowners charge anything between £10 to £30 a week, depending on demand and the amount of space being taken up by the customers belongings (charging on a square foot basis).
What do I need?
The good news is that anybody with sufficient loft space can rent for storage. Its also a great deal.
simpler than renting out a room for habitation, which comes with a long list of regulations and responsibilities on behalf of the landlord.
Of course anybody renting out their loft space would be temporarily responsible for the belongings in their possession, so its important to have a loft that is dry and secure from the elements all year long.
Where do I start?
First you need to know how much space you have available to rent. This means going up into the loft and having a proper clear out. Once youve done this, its a simple case of measuring up in order to determine a viable rate you want to charge.
Check out
storemates.co.uk, where homeowners advertise their storage space, in order to get a clearer idea of what you may be able to charge to customers.
In an earlier post we talked about how renting out your converted loft can be an excellent way of increasing your income, not to mention an effective method of financing your conversion altogether.
Well, it seems as though having a lodger isnt the only way to make a little extra money from your loft. Storage space has become as much a commodity these days as it is a necessity, and many homeowners are currently capitalising on the need for it by renting out spare loft, shed and garage space to people in need of a safe and secure place to store their belongings.
How does it work?
Its really quite simple: for a small fee homeowners can rent out their unused loft space for the sole purpose of storing other peoples belongings, essentially using their loft as a commercial storage unit, only less competitively priced.
How much can you charge?
Obviously fees would be far less than if you were renting out a room to let, but there is still room for negotiation. Some homeowners charge anything between £10 to £30 a week, depending on demand and the amount of space being taken up by the customers belongings (charging on a square foot basis).
What do I need?
The good news is that anybody with sufficient loft space can rent for storage. Its also a great deal.
simpler than renting out a room for habitation, which comes with a long list of regulations and responsibilities on behalf of the landlord.
Of course anybody renting out their loft space would be temporarily responsible for the belongings in their possession, so its important to have a loft that is dry and secure from the elements all year long.
Where do I start?
First you need to know how much space you have available to rent. This means going up into the loft and having a proper clear out. Once youve done this, its a simple case of measuring up in order to determine a viable rate you want to charge.
Check out storemates.co.uk, where homeowners advertise their storage space, in order to get a clearer idea of what you may be able to charge to customers.