The health benefits of gardening are well-documented: you can burn up to 330 calories during one hour of gardening. Some use this precious space to keep the environment healthy, too. But it’s not just good for the body and the local ecology; it’s good for the pocket as well. Your garden and your home, perhaps only seen as places to relax and reside, can be leveraged to thicken your wallet and boost your bank account.
Food, Glorious Food: A Penny Saved
We love food, and we need it. It also costs money, lots of it. Ironically, and unfortunately, some of the best food is also the most expensive: vegetables. Processed food can be snatched off the shelves easily and paid for moments later, at sometimes half the cost of fresh vegetables. The problem is it can be hard to know exactly what is in the processed foods you buy. If you’re not careful, you could miss a common allergen like gluten, dairy or nuts that was snuck into the ingredients or the residue of which remained on the processing equipment. But considering how inexpensive seeds are, you can literally, and safely, get all the vegetables you need from a relatively small garden and save hundreds of dollars a month.
Home = Cash: A Penny Earned
People will always need a place to live. This is the underlying truth bolstering the value of real estate. Your home, regardless of how much equity you have in it, may therefore be an asset of unrealized potential. With various reverse mortgage and equity mortgage options, a loan may be a good solution for much-needed cash. But there are other options as well.
Your Garden for Hire
Considering you can grow as much as 100 pounds of tomatoes in only 20 square feet of gardening space, why not grow fresh veggies for others at a profit? If you take advantage of the space beneath the ground to grow roots and tubers, you can almost double your gardening area. You can advertise on Craigslist or other sites and deliver custom bags of delicious vegetables to people in your neighborhood.
Each year, you likely go on a couple of vacations. While you’re relaxing, you could be making money, perhaps even paying for a big part of the vacation, by renting out your home. Once you decide when you will be taking your vacation, put it up on a home rental site. Have a friend do the check-in and check out, and you’re all set. You can also rent out a room for nightly or weekly use. The good thing is you can be as picky as you want as you vet the potential renters, which can alleviate any nervousness you may feel. If you have the space, an area of your home could be sectioned off and given a separate entrance so renters can go in and out without disturbing anyone else.
The key is to use your imagination. Your house and your garden are more than just aspects of your home; they are potential profit-producing assets. With a little work and initiative, your dream home can make you real profits.