Make Money from your Garden Shed

Amelia EasyShed By Amelia EasyShed, 18th May 2017 | Follow this author | RSS Feed | Short URL http://nut.bz/2usr8p_w/
Posted in Wikinut>Money>Making Money

A great way to make money from your garden shed is to turn it into a livable space and place it for rent. Some financial investment is needed, but the returns can be huge.

Make Money from your Garden Shed

A great way to make money from your garden shed is to turn it into a livable space and place it for rent. Some financial investment is needed, but the returns can be huge. Here’s how to turn your backyard shed into a money-making machine.

Start beautifying your shed and turn it into an attractive guest house by taking care of the basics:

• Plumbing
Make sure to carefully plan any installation of sinks or toilets. You can use a simple portable toilet or maybe build a DIY toilet inside a 1.5m (width) x 1.5m (depth) x 1.82m (wall height) steel shed.

• Insulation
Insulating your garden shed will ensure comfortable indoor temperatures for your guests. However, depending on the climate, insulation may not be needed.

• Ventilation
Make sure you have at least one secure window installed in your garden shed for extra light and additional airflow.

• Flooring
Depending on your budget, you have a lot of flooring options to choose from. The EasyShed Flooring System is a simple and affordable flooring system that’s good for this purpose. It’s industrial grade plastic that does not rot, chip, flake or crack.

• Electricity
People these days need their electricity more than ever for charging their smartphones, laptops and other gadgets. Make sure you have enough wall outlets for your guest(s) to use.

• Landscaping
Now that you’ve taken care of all the basics, make your garden shed look inviting and welcoming by doing a little landscaping. You can start doing this by placing your favourite plants inside and outside your steel shed, as well as put gravel paths leading to it.

• Security
Make sure that your guests will be safe and secure once inside your outdoor shed. Placing curtains is great for privacy. Keeping the garden shed well-lit at night, and getting a good locking system for its doors and any fence openings around it are great ways of securing your property and your paying guests.

Think of what your paying guests might need, and how much you can afford. Your garden shed should look tidy and organised to attract potential customers. Take great pictures especially when doing online advertisements. Positive reviews and raving fans are keys to start raking in the money.

You can advertise your converted garden shed locally and through hospitality services online like Airbnb who make it possible for you to rent out your backyard shed to tourists looking for an affordable place to stay. They do all the online advertising, and in return, they make money by taking a percentage from your bookings.

Taxes and Permits
Taxes and permits are your sole responsibility that needs to be taken care of before letting out your garden shed. They may include things like hotel/transient occupancy tax, sales and other turnover taxes such as Goods and Services Tax or income tax. You can go here for more information about the sharing economy and tax published by Australian Taxation Office.

Neighbours
You also need to take your neighbours into consideration. Make sure you have a plan on how to manage your customers with people living nearby. Set up some house rules for your guests like keeping the noise down, smoking, pets, etc.
You may also need to file a change in the use of your land. The neighbours may start complaining about the extra people staying in your property. Check with your local council.

Lease extra storage space through Spacer
Another great way to make money from your shed is to lease the extra storage space you have through Spacer. Spacer is Australia’s marketplace for space where people look for storage sheds nearby to store their belongings in. You could earn $2000 - $4800 a year leasing your garden shed. Find out more at https://www.spacer.com.au/.

Make Money from your Garden Shed

Turning your shed into a guest house or a storage space for rent are great ways to make money from your garden shed. Reinvent your old one or invest in a new steel garden shed and start making passive income today! Live in Australia? Take a look at your EasyShed options here.

Our proudly Australian DIY EasyShed shed kits are built to last and come with a lifetime warranty so you know you're covered. We offer a wide variety of customisable garden shed options to fit your personality and storage needs. Not only do we offer cheap sheds for sale, but they are durable, safe and simple to set up with our 5 Step Assembly. All EasyShed components feature EdgeSAFE rolled safety edges for your protection when handling and assembling your EasyShed. You also have the option to customise your sheds online with accessories. You can choose from louvred windows, skylights, flooring systems and much more. Customise yours today!

Tags

Australia, Backyard Shed, Easyshed, Garden Shed, Make Money, Outdoor Shed, Shed, Spacer, Steel Shed

Meet the author

author avatar Amelia EasyShed
I am a blogger for EasyShed, a leading designer and manufacturer of DIY garden sheds in Australia. I mainly write about EasyShed garden sheds and useful tips on organising and other DIY stuff.

Share this page

moderator Peter B. Giblett moderated this page.
If you have any complaints about this content, please let us know

Comments

Add a comment
Username
Can't login?
Password