One idea out of many for low cost home based businesses that you should know about is right here at your computer. Online auctions are big business these days, and it’s likely you already have items ready you can post for sale.

With profits from sales on those things you might otherwise call junk, you can hit your local flea markets, estate sales, and garage sales for more goods to sell online. You will be amazed at how easy and profitable this is!

Another low cost home business that you might want to consider is to buy vending machines. These are generally low-cost and low maintenance, and you can place them everywhere from your large local companies’ break rooms to carwash waiting areas.

The possibilities for where to put vending machines are as limitless as your imagination. Ideas for what to put in them range from peanuts to bubble gum. You can pick up this type of item at any discount club or grocery store for a song and pull in big profits in bargain.

You can also form a personal errand service. The need for these just can’t be stressed enough. People are so busy these days that getting to dry cleaners can feel like trying to get to top of a mountain.

Other people who are in major need of a personal errand service are elderly. They are particularly grateful to have someone to do their personal errands for them. Creating a personal errand service is a great choice for a low cost home based business because it offers so many people what they really want more of—time.

Benefits of Renting a House

The main reason for renting a house is you can gain a large steady income. Many people buy rental houses in areas that have a constant flow of tenants and rent them for much more than cost of mortgage. Or, you have decided to sell, but property value is lower than you expected. Over time, a house rental will increase in value and you will gain capital appreciation in addition to a steady rental income.

Typically, a house will rent for a lot more than an apartment. They generally will offer more space and they are usually rented by groups such as families, professionals or students as an alternative to buying or renting smaller spaces.

Another benefit of renting a house is to use it as a vacation home and only rent for part of year. Many people buy shore homes and rent them except for a few weeks of year.

Don’t forget about tax advantages. Any tools, supplies and services you purchase for house can be a tax deduction.

Challenges of Renting a House

Of course there are many challenges to renting a house. While rental income may be bigger, if a property goes un-rented for a period of time, you stand to lose more if you can’t find tenants.

Maintenance of a home rental can also be challenging. Regular painting, lawn care, snow removal can require constant attention or qualified professionals that will cost you money.