MAKE SERIOUS MONEY FROM A SPARE PARKING SPACE
IF you have a spare parking space in your driveway, why not rent it out to earn some extra cash? There is serious money to be made by people living in an urban area, particularly in London, or close to major sporting arenas. Although it has always been possible to do it privately, there are now online parking marketplaces, which allow you to list for free and quote a price. Of course, they take a percentage of your cut, but it is worth it. You can also set restrictions on use, for instance, if you are likely to need the space on weekends or particular times of the year. The two main sites are parkatmyhouse.com and youcanpark.com. Make sure that you are properly insured for such use, and remember that you will have to pay tax on money earned as it counts as extra income.