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Finance and real estate experts explainsome ways to make money off your home in retirement.
Their home appreciation covers any interest paid, he said.
Your garage or parking space can earn you money with little effort, she said.
In my opinion, turning unused rooms into creative spaces is an underrated move.
Its also more stress-free, especially compared to renting a room, she said.
If your home is large, think about converting some space into a separate apartment, Andrews said.
Renting out parts of your home as a workspace forremote workers or freelancerscan be highly profitable.
The personal touch of a well-managed B&B can attract a steady stream of guests, Godur said.
These strategies not only provide financial benefits but also offer opportunities for social interaction and personal fulfillment.
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