Ideas for Monetization

There are currently three schools of thought when it comes to recouping money from home improvements - blogging, sharing, and selling. For now, let’s ignore the latter (as that involves tipping the property itself) and focus on supplementary income streams.

● Blogging: Those with a knack for interior design may find that, just by writing about what they love, there are opportunities to profit. This starts with your newest home improvement; make sure to keep track of the timeline and note down any details for use later.

● Sharing: You might be surprised by the monetization options available to those with existing land and property. This could involve renting out a part of the home but also more inventive options such as parking rental, storage hosting, event hosting, and more.

● Admin: If you are truly hoping to make money off the back of home improvement, it’s important to cover all administrative angles. This involves forming a Limited Liability Company (LLC) to protect your assets - usually a quick process without much paperwork and as few as five steps.

Blogging

There are plenty of people writing about home improvement projects but perhaps not as many speaking from first-hand experience. By sharing your unique experiences & insights, you may be able to benefit others and yourself in the process.

● Build a platform: Before you start writing about your latest home improvement project, it’s important to build a platform that can be leveraged for profit. Typically, this would be a website but may also take the form of an ebook.

● Journaling: It’s amazing just how much traction you can pick up by writing about your experiences and sharing these with your immediate network and a few choice internet forums. With enough readers, you’ll be able to earn through advertising and affiliate marketing.

● Connect: Once you have a blog up and running, you should also try to connect with other brands and writers. Using this method, it’s also possible to pick up sponsors - these are typically brands that would like to use your platform to promote their products.

Sharing

If you’re able to annex a section of your property, it may be possible to transform this section into a means to profit - here are a few ideas for how.

● Parking rental: In neighborhoods with inherent parking obstacles (such as expensive workday parking), renting out your newly improved driveway could be a great way to earn back money spent on remodeling.

● Venue hosting: If your property is large (and beautiful) enough, it may be possible to rent out a section of it for events and weddings. This is a large undertaking but can help you to quickly earn back your money spent on construction.

● Marketing: With any shared space venture, it’s critical that you get the word out via social media. A great way to do this is to use memes so as to engage with followers and like-minded people - using a meme generator will help you to build funny, relatable, or thought-provoking imagery. Best still, these templates can be customized with backgrounds and text.

Home improvement projects can leave a costly dent in our personal finances. It’s important, then, to find ways to offset these expenses with a few clever strategies - just be sure to carry out plenty of prior research and ensure your solution is legally sound.

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Guest Blogger Cindy Aldridge is the creator of OurDogFriends.org, a website advocating for the love and ownership of dogs. She believes that dogs truly are our best friends and wants to see less dogs in shelters and more in loving homes.

The opinions and views expressed in any guest blog post do not necessarily reflect those of Michael Helwig Interiors or its Principal, Michael Helwig. Michael Helwig Interiors, and Michael Helwig, do not have any affiliations with any products or services mentioned in the article or linked to therein. Guest Authors may have affiliations to products mentioned or linked to in their author bios.