The builder turns the empty rooms of the house into a money spinner

The builder from Sydney used the empty rooms of his house to earn money by renting out the premises to help pay off the mortgage.

Andy Woods, 36, lives in a five-bedroom home with one unoccupied bedroom, a double garage and a home office.

Instead of giving the rooms dust and sitting idle, he decided to rent them out Spacera new platform that facilitates the lease of unused space.

Mr. Woods lived in Collaroy’s house for two years and originally rented it out to friends who returned to Queensland during Kovid.

“With the rising cost of living it was a pretty squeaky time. I had to either leave or rent what I could to cover the costs, ”he said.

“While the money will definitely be needed, Kovid was also quite isolated and I like this feeling of the whole family. We often cook together and eat at the table, so I also feel the family atmosphere.

“It was an absolute find financially, because now I earn more than $ 1,200 a month from passive income.”

20-year-old Mia Martens is one person who rents one side of Mr. Woods’ double garage and uses the area as an office space and keeps her surfboards.

18-year-old Zach Georgoulas rented the other side to set up a home gym.

“I’ve recommended Spacer to a lot of friends lately, as many are leaving their hometown and looking for cheap options to store things like their cars, scooters and even large tool kits,” Ms. Martens said.

“It seems to me that I’ve really fallen on my feet with this place, and there are already friends asking if they can come and work with me during the day at the office.”

Spacer head Mike Rosenbaum said the company had seen a sharp increase in the number of facilities in recent weeks: more than 30,000 seats had been advertised through the platform.

He said there were about 13.5 million unused vacant dormitories in 10 million homes across the country, which was a “wasted asset” when not used.

“If a place is empty, it ends up costing you. More and more people are cutting their costs and paying for what they have, ”Mr Rosenbaum said.

“Now we have more than 150 tenants on the waiting list. If you have a place, you can earn on it almost immediately.

“I think Australians are more accustomed to the concept of exchange. It is better to use these places, which are otherwise underused, or they just sit and cost the owner money.