How to make money through your house in Jaipur

Jaipur is one of the best cities in India that comprises world-class infrastructure as well as a peaceful ambience. The city is famous for its historical monuments, amazing architecture, and busy markets. Plus, it is growing fast to become an IT hub. Due to all these reasons, real estate properties in Jaipur are in great demand. If you are lucky to have a house or a villa in this city, then there are numerous ways to earn passive income through it. In this write-up, you can get some amazing ideas for earning money through your house.


1) Rent out to tenants

By renting out a portion of your house or the entire house to a decent family or individual, you can make enough money, that too without making an extra effort. If you wish to rent out a fully-furnished flat to the tenant, then make sure the onus of the property’s maintenance is on the tenant. Before renting your property, you should sign a rental agreement with the tenant. The agreement paper should clearly define the rights and responsibilities of the tenant. Moreover, it should mention the provisions for a penalty in case of any damage to the property. Also, you should keep at least two months of rent as an advance deposit so that if the tenants fail to meet the maintenance cost in the future, you can remind him about the same.

2) Run a bed and breakfast

If your house comprises several rooms with attached washrooms, then you can turn it into a bed and breakfast. In this way, you can earn way more money in comparison to renting out to a single tenant on an annual basis. But this option requires more time and effort on the maintenance of the property. Well, if you want to start a bed and breakfast or a lodge, then you must obtain a license for running this business.

3) Rent out storage space

With more online businesses operating in Jaipur, there is a higher demand for warehouses. You can earn a good amount of money by turning your house into a storage space. Proper storage space demands a high level of protection from heat, light, and moisture. However, for certain businesses, a garage shed, or barn can work equally well.

4) Turn it into a vacation rental 

Jaipur is a tourist place, where thousands of tourists visit every year. Many tourists want to spend a longer time in the city. And, thus instead of living in a hotel, they prefer booking a vacation rental. You can earn well by turning your house into a vacation rental. If you want to go ahead with this idea, then you should renovate the interiors to make the property more attractive.

Conclusion- All the above-mentioned ideas require lesser effort from your end and guarantee regular returns on investment. Apart from all these ideas, you can consider many other options. Well, before venturing out with any of the above-mentioned ways, you should evaluate the risks and find out ways to mitigate them.

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