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How do you make extra money in the GTA? : toronto

Subscribe to the magazine Subscriber Services. The roof over your head is likely the biggest asset you'll ever own. Trouble is you don't see any money from your house until you sell it — unless you follow the lead of some ingenious homeowners who have figured out a way to cash in on their homes while still living in it. You could be sitting on a pile of dough without even realizing them.

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Here's how you can make your home make money. Become a landlord The plan: Rent an apartment in your home. It could be a basement bachelor, a renovated attic, an entire floor or a detached, renovated garage.

+ Extra Income Jobs in Toronto, ON | pupuzifecose.web.fc2.com

Renting an apartment can allow you to buy a house you might otherwise not be able to afford. It takes more than paint and wallpaper to make an apartment suitable to rent.

Each municipality in Canada has individual standards regarding renting, and you'll need to ensure the space meets zoning codes. Being a landlord can also be stressful, especially when your tenant gets behind on the rent. After Stefanac's first tenant lost his job, he couldn't always make the rent and sometimes paid her partially with five- and dollar bills.

Carefully screen potential tenants by getting references, especially from previous landlords. Put up a parking lot The plan: Rent out your driveway or garage to people who need parking space usually in major urban centres or storage facilities for items that need to be kept indoors over winter, such as boats and motorcycles.

Free classified ad websites such as www. Norm Gill, a retired school district employee whose Vancouver home is close to B.

You'll still need to shovel the driveway and perhaps chase after rent money. Page 1 of 3 -- Discover more great ways to make money off your home on page 2 3. Make your property a star The plan: Rent out your how to earn extra cash in toronto as a set for a commercial, TV movie or feature film.

Every province in Canada has a government-run film development corporation British Columbia Film, for example that lists properties available to location how to earn extra cash in toronto and producers.

All you need to do to get listed is send in photos of your home. When the Honourable Myra Freeman, lieutenant-governor of Nova Scotialisted her Halifax home for sale ina location scout who went to the open house decided the s details — internet marketing stockport appliances, shag carpet and wallpapered rooms — were just right for the feature film Scotland, Pa.

Freeman was pleased by the respect the film company showed for the property during the three-week-long shoot and says seeing a movie made in her home was an "exciting adventure. A movie shoot can upend your life, since you'll have to move out is the minimum deposit binary options your home during filming.

You may have a crew of 50 people tramping through your house, so things can get broken. When one of Freeman's antique tables was badly scratched, the film company paid for a replacement.

+ Extra Income Jobs in Toronto, ON | pupuzifecose.web.fc2.com

Host a student The plan: Host an international student in your home by providing a separate bedroom and three meals a day. Homestays, as they are called, can last anywhere from a few days to a year, and students can range in age from 10 to The host family is expected to spend quality time with the student, helping him adjust to a new culture and often a new language.

And they are hatching plans to go visit him in Brazil now that he is back home. You, the homeowner, lose some privacy, and students may test their newfound freedom since they are away from their families, often for the first time.

Felipe had trouble sticking to a curfew because he hadn't had one back home. Page 2 of 3 -- Discover three more great money-saving tips on page 3 5.

Run a bed-and-breakfast The plan: Offer one or more rooms in your home to travellers who are visiting your area. Debbie Gaspich purchased her year-old home, the Martin House Bed and Breakfast, in Jordan Village, Ont. Keeping your home tidy. Engaging in small talk early in the morning even if you don't feel up to it.

Go back to the land The plan: If you own a large parcel of land in a rural area, you can rent it to farmers to raise crops or livestock. Instead of farming the land themselves, they rent 80 acres to a local farmer. The odour of manure in the fields and the noise of combines swathing the crops may be a bit of a nuisance, but for most people in rural areas this is just part of country living.

More concerning is the potential for pesticide drift when crops are sprayed. Also cattle or horses may get out and require rounding up. Tap into your equity The plan: Apply for a home equity loan. One-quarter of Canadian homeowners have borrowed against the equity in their home, according to a recent Ipsos-Reid survey.

These loans are easy to qualify for and have lower interest rates than other types of loans usually around prime. Plus, banks typically require that you pay only the interest expense of the loan. This is an easy way to get access to a lot of money without having to wait too long. Because they are so easy to acquire, you can land in more debt than you can handle. This story was originally titled "7 Ways your Home Can Make Money for You" in the September issue.

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