Let’s face it. The economy is still not doing fantastic, and those of us with our heads above water are only taking minor breaks between bouts of treading water. We’ll be the first to admit that celebrating the milestones of life or thanking a company that’s performed some major hustle over the past few years isn’t something to toss aside. While some may be in a bad spot financially, that doesn’t mean we appreciate one another any less.
This year, be a part of the merriment by renting out your own personal home or vacation home to all those still feeling the joy! Why simply watch couples tie the knot on weTV or hear about lavish corporate parties with champagne towers when you can be a part of them? Here are five reasons renting your home with Estate Weddings and Events not only expands your wallet but your grin.
1. Earn Extra Income
Whether you’re gainfully employed or run the house with all it’s bells and whistles, your house can become a very lucrative transaction or excess income. Renting your home for a week can definitely put some money in your pocket. Renting your home for one day often generates the same amount of income if not more. Why skip town for a full weekend when you can take the afternoon off, return home and sleep well knowing you were a big part of a fabulous evening!
2. Write off home improvements
We all have a laundry list of home improvements that we just can’t seem to squeeze into our schedules. Always wanted to replace that old tired tile work for brand new terracotta? Thinking the bathroom needs a pick me up? When renting out your home for a private event, these to-dos can get placed back at the top of your list! By improving your home for your business, you can count these expenses as a tax right off!
3. Tax-Free income
Want to rent out your personal home without spending too long away? Legally, if you rent out your full-time residence for less than 15 days in one year, this generated revenue is not considered a business and is 100% tax free! I know, one of the few times hearing a lot about figures and numbers is a good thing!
4. Hassle Free
Already thought about renting but confused by all the legal jargon? No problem, If you qualify for an exclusive listing not only do we know all of the zoning laws backwards and forwards but we handle all of the necessary paperwork. Heck, after some specifications by you, the homeowner, when you begin working with us, the rest is entirely smooth sailing. We know what you want, what you don’t want and exactly what you’d like out of the event so leave all of the negotiations, the contracts, the staff, and of course, the clean-up to us. Grab a glass of wine, watch those old episodes of Law and Order SVU you’ve been meaning to catch up on and have that much more money in your bank account simply for relaxing.
5. Advertise your Home
Planning on selling your home in the near future? We know it may be a while, so allow us to make your home the next big topic of conversation. Ever wonder how they make those extravagant and hyper-realistic sets of Hollywood blockbusters? We've worked with a variety of studios and film productions to bring their projects to life. Trust us, it feels pretty awesome seeing your backyard on screen as the deluxe hotel relaxation station. Who wouldn't want to seriously consider living in a home like that fresh on the market?
6. Give Back
Whether yours concerns animals, children, health or more, we all have a charity that strikes a special chord in our heart. For some, this may involve donating time, funds or an afternoon to assist in hands on work toward this unbelievable cause. For homeowners who list their homes as the ideal event space, this may also include helping out a non-profit in a BIG way. While plenty of these companies may have the notoriety of for-profit businesses, it doesn't mean their budgets share any of the same DNA. Donate your estate or provide further cost incentive for these altruistic celebrations and be a part of something tremendous. It's more than opening your heart, it's opening your home.
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Think this is something you'd like to learn more about? We'd love to hear from you! Shoot us an email over to [email protected] and we'll gladly give you further information. Event aficionados by nature, we also dabble in landscape and architecture appreciation. Give us a call, we'd love to hear more about your wonderful home!