When Phillip and Tina Larusso wanted to get money out of their house they didn’t refinance their mortgage or take out a home equity line of credit. Instead the Westbury, NY, homeowners opened their doors to Verizon (NYSE:VZ) and Sears (NYSE: SHLD), which paid them to film two commercials in their house. The pay out: $14,000.
“I don’t think it is well known but it’s very easy to go on the websites of location scouts,” says Larusso. “The location scouts are more than willing to have photos of homes to broaden the range of houses they can use.”
From renting out your home for commercials to getting the electricity company to pay you, there are many ways you can put your home to work without relying on a refinancing. (Reuters)