Today I’ve got a video for you. It is a clip on YouTube showing the lovely Peter Holmes from BBC1’s Trading Up. The video shows a good example of how you can turn your spare room into more than a bit of spare cash. It is sponsored by the lovely people at Big Yellow Self Storage (I apologise for getting the name wrong in the post about Declutter to Make Money). Once you have decluttered your spare room – often referred to as the “junk room” – why not put the items that are left and that you want to keep in to storage. Check out Big Yellow Self Storage what they have to offer.

And here is the video:

Be inspired and start to plan what to do with the extra cash!

I have already talked about your different options to make money from decluttering by selling your unwanted items. But have you ever thought about decluttering so that you can make money? A recent survey, commissioned by Big Yellow Storage has come up with some amazing facts.

Households across the UK could be making up to a whopping £38 billion a year, just by storing excess clutter to rent out a room. That equates to over £3 billion a month based on average rental incomes across the UK. It could mean an extra personal income of as much as £320 a month or £3,840 a year per household! It’s time to get the junk out of the spare room to make some money.

More than a third (36%) of us that have a whole room in our home filled with junk and the storage company found that nearly one in three (31%) would definitely rent out a room to make money and beat the credit crunch. With recent figures showing that the rental market is continuing to flourish with a 20% rise in tenancies, it looks like some people have already cottoned onto this lucrative scheme.

You could rent out full time or part time. For instance, you could rent out to weekly commuters from Monday to Friday and have the room to yourself at weekends for your own houseguests or visitors.

In any case, there is money to be made. And it all starts with a few hours spent decluttering. If the task seems too overwhelming to tackle on your own you could hire a professional declutterer. It is a small investment compared to what you can earn in the long or even medium term and the job will much easier to tackle with expert help.

Also, check with your financial advisor as renting out one room in your own home can even be tax free!