Not everyone has a high-pressure cleaner, a paint sprayer, a chainsaw, a backpack leaf blower, a multi-purpose steam cleaner or a cordless wet / dry vacuum cleaner for automatic detailing. But those who own these tools can make extra money from them.
It can be worth investing in certain small power tools that most people don’t own in order to develop a sideline.
For example, Popular Mechanics ranked the top three pressure washers, priced between $ 159 and $ 529. HomeAdvisor, a website that helps homeowners find home improvement professionals, estimates the typical power washing job for a siding house and $ 130 to $ 220 for a driveway. ThumbtackAnother website that connects customers with service providers suggests paying 16 to 22 cents per square foot of electricity laundry.
The money made from just two power washes would easily amortize the cost of buying even the more expensive pressure washers.
It’s easy to post your services on social media or flyers on windshields, whether chainsaws are cutting and removing debris after a major storm has felled trees or steamed furniture and carpets before the holidays.
Each city or county has its own set of rules about which services require a license, business registration fee, or insurance. Even if it costs a few hundred dollars to submit the correct documentation, that cost can be recouped in a few jobs.
Rob Littke, a contractor who runs projects large and small for clients, shared a few tips for people considering buying expensive tools. Here is his advice.
This is how you earn money renting equipment and doing small maintenance work
Rent before buying
Littke recommends renting any tool before buying it so you can find out which brands and designs will work best for you. Home Depot offers a wide range of tools for rent. A cordless paint sprayer costs $ 27 for four hours, or $ 38 a day, while a pressure washer costs $ 63 for four hours, or $ 76 a day.
If you’re doing a project for yourself or selling your services, Littke recommends renting tools instead of buying them unless you know you’ll use them regularly.
“When you rent a tool, it is always in good condition, clean and ready to use. No hoses are broken, nothing needs to be replaced or topped up, ”he said. “You never go to a construction site and find out that it’s not working.”
Also, some tools don’t work well if they’re not used frequently.
“There’s nothing worse for a paint sprayer than not using it,” he said, explaining that there are pumps and rubber seals that can get stuck if left inactive.
“I sold my paint sprayer because I never used it,” he added. (FYI, Littke prefers brushes and rollers because sprayers require so much preparation to cover furniture, floors, doors and windows.)
Find great deals on tools
Home Depot’s tool rental department is also a great place to go to buy tools. They sell them after a few years of rent.
“I bought a chainsaw there for about $ 100, which would have been more than $ 300 new. And since they use the same tools, they store all the parts to fix them, ”he said.
The Facebook marketplace is another great resource for used tools. “I can’t tell you how many people go out and buy a $ 700 tile saw to tile a bathroom. Then they use it once and never again,” Littke said. After a couple of years of taking up garage space, that tile saw ended up on the Facebook marketplace for $ 300 or $ 400.
Port freight is a chain of more than 1,100 stores across the country selling 7,000 different tools and accessories that are up to 80 percent cheaper than competing products. The company buys directly from the factories that supply better-known brands and can pass savings on to customers, according to its website. Littke said he saved hundreds of dollars there on tools that are of the same high quality as branded equipment. He buys the extended warranty for an additional $ 7. If something breaks or wears out over time, it is replaced with a new one.
Buy a truck, drive it for money
If you need to buy a used vehicle for your own use, it makes sense to buy a truck as it can be used to make extra money.
Many people just have to move a piece of furniture around town or toss an old mattress in the dump. It’s not worth hiring a moving company, and renting a truck from Home Depot is often more hassle and money than finding someone who owns a truck.
Weston Willingham, a senior at the University of Florida, made hundreds of dollars on his 2005 Dodge Ram 1500, valued at $ 6,000 throughout high school.
“My mother is a broker, so she always knew people who had to make a difference,” he said. “Then I guess people started saying, ‘Call Weston. He has a truck. He can help you. “I was also an extra set of hands.”
Along with the place of a truck, Willingham showed himself ready for lifting and loading.
He didn’t set prices, but asked customers to pay what they were comfortable with. He made at least $ 40 per job and often more than $ 100.
“I was lucky because I was in high school and I could be flexible. Sometimes people would call me and say, “Hey, I’m going to need you here now and I’ll pay you well enough that you want to drop whatever you do and help,” Willingham recalled.
Katherine Snow Smith is a senior writer for The Penny Hoarder.
This article originally appeared on www.thepennyhoarder.com