What to do with your extra Spartanburg property

We spend a lot of time between mortgages and hidden costs. But what if your Spartanburg house gave a little back? You can make your extra home earn for you, bringing in extra income and offsetting some costs.

How to Make Money from Your Extra Spartanburg Property

Here are some ways you can earn from your extra Spartanburg property:

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Rent out to travelers

There’s no need to hire a house sitter in Spartanburg when someone will stay in your place while you’re away. You can earn some extra money by renting out your home on websites such as AirBnb.com. You’ll need to register on each site to create a free listing so travelers can find a place to stay. You set the rental amount, the dates of availability, and the refund policy for if the renter cancels.

Some municipalities have restrictions on short-term rentals. Check with your local Spartanburg government before you list your place. You should also keep in mind that condo, co-op, and homeowner associations might have their own rules.

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Rent out your driveway

Vacationers looking for local hot spots, renters who don’t have their own parking spots, and daily commuters are often locked out of metered parking spots in Spartanburg during peak times or have to rely on overpriced, overcrowded garages. Here’s where you can make money from your driveway at home.

When you’re not using it, you can rent your driveway out to those looking for hassle-free parking. You can create free listings to rent out your parking spot by the hour, day, or month. Those with parking near public transportation or major attractions (stadiums, theaters, trendy neighborhoods, etc) will likely give you the most demand.

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Get rid of unwanted stuff around your Spartanburg house

You’ve got a closet full of clothes you don’t wear, and you still have that rice cooker in the kitchen pantry. Do not forget all that baby gear in the basement that your kids no longer need.

Instead of throwing out stuff when you declutter at home, sell it online. Or, you can hold a garage sale. Just make sure that the resellable items are in good shape.

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Take advantage of your Spartanburg home’s equity

If you’ve been paying off your mortgage for years while the value of your home has risen, then you probably have a good amount of equity. When you need cash, you can borrow from this built-up value.

You can tap into your Spartanburg home equity through a home equity loan or a home equity line of credit. You usually pay back a home equity loan monthly at a fixed interest rate. A HELOC is a line of credit you can use when you need cash. HELOC rates tend to fluctuate, which means they might go up or down. Third option is a cash-out refi, where you get cash back when you refinance. Cash-out refinances often have higher closing costs, and depending on the loan term you choose, you may take longer to pay off your home mortgage.

What if I Don’t Have the Time to Earn from My Spartanburg Property?

Let’s face it — our suggestions involve time and investment. Renting out means remodeling your home to encourage potential travelers to choose your home among other available listings.

But what if you don’t have the time and money to earn from your extra Spartanburg property? The most reasonable solution is to sell it. If you’re going the traditional route, it involves hiring a real estate agent, paying them commission, and remodeling and renovating your home to get an edge over other home sellers.

“What if I want to sell my Spartanburg house fast?”

Then sell to a cash home buyer. These buyers will get information on your Spartanburg property and offer a reasonable cash offer, which you can accept or negotiate further. Once you agree on a deal, they’ll buy the house as-is, which means you don’t need to fix anything to sell your house.

Sell Your House Fast with Us!

At Sell My House Fast – GSAP, we buy houses in Spartanburg, SC fast. We’ve bought houses all over South Carolina and helped over thousands of owners sell their unwanted homes.

We are South Carolina’s trusted cash home buyer for a reason. Most, if not all, closing costs are covered, and we pay you within 30 days, sometimes even sooner. Our agents are ready to make you an offer on your house, no matter what condition it’s in. You don’’t have to do any repairs or remodeling — we’ll buy your house as-is.

Get more info about our unique and alternative ways to sell your house fast. Call us today at (864) 428-9197.