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There’s nothing better than coming home from a long and busy day to a warm and cozy home that makes you feel instantly calmer and more relaxed. If you’re looking to make your home feel as cozy as possible, Amazon’s Down to Earth hub is a treasure trove of possibility. The curated collection of home decor finds contains everything you need to make your space feel peaceful. Whether you’re looking for ultra-soft textures or soothing colors, Amazon’s Down to Earth hub has got you covered.

While refreshing your home decor can be expensive, it definitely doesn’t have to be, especially when you’re shopping on Amazon. So, we’ve rounded up 14 of our favorite home decor items from Amazon’s Down to Earth hub under $50 that can breathe new life into your space without breaking the bank. 

Best Decor Finds in Amazon’s Down to Earth Hub Under $50 

  • Mellanni Four-Piece Sheet Set, $38 (was $51)
  • Monday Moose Decorative Throw Pillow Covers (Set of Four), $33 (was $35)
  • Bedsure Boho Three-Piece Duvet Cover Set, $27 with coupon (was $39)
  • Binoster Marble Ceramic Jewelry Tray, $8 (was $9)
  • Bourina Decorative Herringbone Faux Cashmere Throw Blanket, $22
  • Globe Electric Luna Desk Lamp, $48
  • Signleader Framed Canvas Art Prints, $50
  • Kiampon Gold Industrial Table Lamp with USB Ports, $30 (was $39)
  • Kasantex Three-Piece Coverlet Set, $50
  • Calyan Wax Co. Scented Candle, $29
  • Maison d’Hermine Decorative Pillow Cover, $17 with coupon (was $19)
  • Briful Artificial Monstera Plant, $19
  • Joyreap Three-Piece Reversible Quilt Set, $35
  • Danjor Linens Six-Piece Sheet Set, $25 with coupon (was $29)

Mellanni Four-Piece Sheet Set

Amazon


Your bed should be the most calming, comfortable place in your home, and this microfiber Four-Piece Sheet Set from Mellanni is the perfect place to start. It comes in dozens of colors, including soothing earthy hues and versatile neutrals as well as a handful of classic patterns. The sheets are available in seven sizes, ranging from twin to split king, and they have deep pockets, so you can rest assured they will fit snugly and stay in place throughout the night. Mellanni’s microfiber sheets are breathable and soft, described by one reviewer as feeling. “Just like heaven.” Best of all, they are easy to wash, quick-drying, and resistant to wrinkles and pilling.

Monday Moose Decorative Throw Pillow Covers (Set of Four)

Amazon


These Monday Moose Decorative Throw Pillow Covers are made from 100 percent polyester velvet and each set comes in a cohesive color scheme. Each pillow cover is double-sided with contrasting colors, and one shopper said they are, “perfect for adding a lot of color without a lot of pattern,” to your space. These pillow covers are ideal for your living room or for the finishing touch on your bed, and they come in seven sizes to match any pillow inserts you may already have. With 12 different color options, there’s bound to be a perfect fit for every decor style and color palette.

Bedsure Boho Three-Piece Duvet Cover Set

Amazon


Changing up your duvet cover can instantly transform the look and feel of your bedroom, and this Boho Three-Piece Duvet Cover Set from Bedsure will infuse your space with whimsical, boho style. Available in six sizes, the bedding has a simple, geometric pattern made up of textured embroidery, and as one shopper pointed out, it is, “very soft and easily washable.” The comforter set includes a duvet cover and two pillow shams, and it comes in more than 25 different colors, ranging from soft, neutral tones to bold and vibrant colors. The pieces are made from polyester microfiber fabric, making it resistant to shrinking and fading over time. Thoughtfully designed, the duvet cover has eight corner ties inside so your comforter stays in place and doesn’t bunch throughout the night.

Binoster Marble Ceramic Jewelry Tray

Amazon


This Binoster Marble Ceramic Jewelry Tray is a sophisticated catch-all for jewelry, coins, keys and other small trinkets. It comes in gray or pink marble patterns, both of which have an elegant gold rim. The jewelry tray is made from premium high-fired ceramic, and it comes in two different sizes: 5.3 inches and 8.4 inches. Style it on your dresser, end table, entry table, or console or use it in the kitchen as a small serving tray. Lightweight and compact, this adorable tray also makes a great gift.

Bourina Decorative Herringbone Faux Cashmere Throw Blanket

Amazon


A cozy throw is a must-have for every living room, and this Bourina Decorative Herringbone Faux Cashmere Throw Blanket is as soft and comfortable as it is elegant. The herringbone pattern is timeless and effortlessly chic, and it comes in eight colors that can add a touch of fun to your space. The blanket’s faux cashmere is smooth to the touch: “very soft, and feels like cashmere,” says one shopper. It’s also much easier to clean than genuine cashmere, which is not machine washable. Even though it’s lightweight, it’s still cozy and warm, and the rolled finger edges are a subtle, but refined finish. Toss it over the arm of your couch, arrange it in a basket in your living room, or hang it on a blanket ladder to make it a focal point of your decor.

While the world is a busy and sometimes chaotic place, your space should be inviting and help you instantly relax the moment you walk through the door. Home decor changes big and small can transform your home into a soothing, peaceful sanctuary, even if you’re on a budget. You can find more of our favorites from Amazon’s Down to Earth hub below, all under $50.

Globe Electric Luna Desk Lamp

Amazon


Signleader Framed Canvas Art Prints

Amazon


Kiampon Gold Industrial Table Lamp With USB Ports

Amazon


Kasantex Three-Piece Coverlet Set

Amazon


Calyan Wax Scented Candle

Amazon


Maison d’Hermine Decorative Pillow Cover 

Amazon


Briful Artificial Monstera Plant

Amazon


Joyreap Three-Piece Reversible Quilt Set

Amazon


Danjor Linens Six-Piece Sheet Set

Amazon


Source: realsimple.com

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Are you wondering what the best low-maintenance businesses are? Looking for a business that doesn’t need much work? You’re not alone. Many people want to find ways to make money without having to spend all their time managing things. There are plenty of low-maintenance businesses that can provide good income with less effort. You just…

Are you wondering what the best low-maintenance businesses are? Looking for a business that doesn’t need much work? You’re not alone. Many people want to find ways to make money without having to spend all their time managing things.

There are plenty of low-maintenance businesses that can provide good income with less effort. You just need to know what options are out there and how they can fit into your busy life.

So, what makes a business low-maintenance?

This will vary from person to person, but businesses that are low maintenance are usually simpler to run because they use automation to handle work automatically. This means you don’t have to spend as much time and effort managing and growing your business.

These kinds of businesses usually have fewer things that need attention, which makes them easier to manage. For example, a vending machine business mostly involves refilling machines and collecting money. Another example is owning rental property, where you might only need to deal with tenants and handle repairs from time to time.

Running a low-maintenance business has many benefits. It reduces stress and workload for the business owner, allows for easier growth because work is simplified, and lets you concentrate on long-term planning instead of daily tasks. This approach can improve work-life balance and give you more time for hobbies and personal interests outside of work.

For me, I run a fairly low-maintenance business. It took some time to get to this point, but I now work around 10 hours a week. I can use my free time to do what I want and pursue my passions. So, I personally know how helpful these are.

Best Low Maintenance Businesses

Below are the best low-maintenance businesses to start:

1. Printables

Printables are a great low-maintenance business idea. You create digital files that people can print at home, and these can be things like journals, planners, calendars, or coloring pages.

One of the best places to sell printables is on Etsy. You make the design once and then you can sell it over and over again, and this means you don’t have to keep making new products.

Another benefit is that you don’t need any inventory. Customers download the files and print them themselves, and this saves you time and money on shipping and storing products.

To start, you’ll need some basic design skills. There are many free tools online you can use like Canva, and with some practice, you can create professional-looking products.

By focusing on quality digital products and good customer service, you can build a steady stream of income with printables. It’s a fun and creative way to make money with low upkeep.

You can learn more at How I Make Money Selling Printables On Etsy.

Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

2. Affiliate marketing

Affiliate marketing is a great low-maintenance business idea. You can promote products and services of other companies. When someone buys through your link, you earn a commission. It’s like getting paid for recommending things you like.

I do affiliate marketing through this blog (you can learn about starting a blog here in my free blogging course), Making Sense of Cents, and I think it’s a great way to make money – whether you are looking for a full-time income or a part-time side hustle.

Setting up isn’t hard and you can use blog posts, social media, or a YouTube channel to share your links. I recommend choosing products related to things you love or know a lot about. That way, it feels natural and fun to share, plus you know that you are helping the people who are clicking on your referral links.

One thing I really love about affiliate marketing is that you don’t need much money to start. Joining affiliate programs is almost always free (I’ve actually never been asked to pay to join one, and I have never seen one that has a fee). Many companies have referral programs, such as Amazon, eBay, and even smaller brands.

The best part is, you don’t handle inventory or customer service. The company does all that and you just focus on getting people to click your links.

Affiliate marketing can be done from anywhere with internet access. It’s a flexible way to make money, especially if you have a busy schedule. Just put in some initial effort to set everything up, and it can almost run by itself.

For me, I spend less than 10 hours usually on my blog, and it earns me a full-time income. I put in a lot of work in the beginning, and now things run mostly by themselves with just a little maintenance from me, such as updating blog posts and sending out emails.

You can learn more at Affiliate Marketing Tips For Bloggers – Free eBook.

3. Vending machines

Vending machines are a great low-maintenance business idea because they don’t take a lot of time to manage and can bring in extra cash. You place them in high-traffic areas and just need to restock them every so often.

You can sell all kinds of items in vending machines. Snacks and drinks are popular choices; some people even sell toys or beauty products. The key is to pick items that your target customers (the people who are already at the location where you will place your vending machines) will want to buy.

One of the best parts about vending machines is the low start-up cost. You can start with just one machine and grow your business from there. Plus, you don’t have to hire a lot of staff or deal with a complicated setup.

Running a vending machine business also means you can earn passive income. Once your machine is set up and stocked, it can make money while you do other things. You just need to check on it and refill it when needed.

Learn more at How To Start A Vending Machine Business.

4. Real estate rental

Real estate rental is a popular way to earn passive income with low maintenance.

You can start by buying a property and renting it out. This could be a single-family home, a condo, or even an apartment.

Many people use platforms like Airbnb to rent properties to tourists, and this can be a good way to make money if you live in a popular area.

If managing the property seems overwhelming, you can hire a property management company. They handle things like finding tenants, collecting rent, and doing maintenance. Hiring a property management company can be a good way to make this a more low-maintenance business.

Learn more about low-maintenance real estate ideas at 23 Best Real Estate Side Hustles To Make Extra Money.

5. ATM business

We’ve all used ATMs, but did you know that someone like you or me is making money from them?

An ATM business can be a great low-maintenance business choice. You place ATM machines in busy locations where lots of people need cash.

You earn money from the fees people pay to use your machines, and these small fees can add up quickly.

The start-up cost is your main expense, as ATMs usually cost around $2,000 to $3,000 each or more, and you will have to buy these yourself.

Managing ATMs doesn’t take much time either because once the machines are set up, they mostly take care of themselves. You just need to refill them with cash and make sure they are running well.

Overall, this business can provide a steady flow of income with a low effort once everything is in place. As long as you pick good locations and keep your machines running, you can make money with less day-to-day work.

6. Laundromat

Starting a laundromat business is a popular low-maintenance business. People always need clean clothes, so there is a steady demand.

A laundromat often needs less day-to-day management because you just need to make sure machines are working and maintain a clean environment.

You can set up your laundry service in a busy neighborhood where people need quick and easy laundry solutions. This will help you attract more customers.

With a laundromat, most of the work is done by machines. You just need to make sure the machines are working properly and help customers if they have questions.

Learn more at Are Laundromats Profitable? How Much Do Laundromats Make?

7. Self-storage units

Self-storage units are one of the best low-maintenance businesses you can start. People need extra space to store their belongings, and you can provide that for them.

You don’t need to be there all the time, and you can set up a system where people can access their storage unit with a code or key card. This means fewer hours spent managing the business.

The demand for storage units is high in many areas. People are always looking for a place to keep their stuff – whether they are moving, downsizing, or just need extra space.

Once your storage units are rented out, you can earn passive income each month.

Maintenance is minimal for self-storage units. Most of the work involves keeping the area clean and making sure everything is secure. You might need to fix a door or handle paperwork occasionally, but it’s not time-consuming.

You can sell climate-controlled units to attract more customers and charge a higher rate too. Some items need to be stored in specific conditions, and providing this option can set your business apart.

You can also add features like 24-hour surveillance cameras and secure fencing to make your customers feel safe. People are more likely to rent from you if they know their belongings are protected.

For me, I personally have used a storage unit a few times – for my personal belongings such as boxes and even for an RV and boat. They always had crazy long waits, and some towns even had waitlists of years long – so there is a lot of demand!

Learn more at How To Invest In Self-Storage For Beginners.

8. Car wash

Starting a car wash business can be a smart idea. You can choose to open a self-service car wash or an automated one, and both options require less daily work compared to a full-service car wash.

A self-service car wash lets customers wash their own cars. This means you don’t need many employees, and you just need to keep the place clean and maintain the machines.

For an automated car wash, cars go through a machine that does the washing. You only need to check the equipment and refill supplies like soap and water.

Car washes can be profitable. Many people prefer to have a clean car but don’t have the time to wash it themselves, so this keeps the demand high.

You can also offer extra services like a vacuum that customers can use for an additional fee. This can boost your income without much extra work.

With some planning and the right setup, a car wash can be a great low-maintenance business idea. Plus, it can provide a steady income once it’s up and running.

9. Create an online course

Creating an online course is a great low-maintenance business idea. You can share your knowledge and skills with people all over the world. Once you create and upload the course, it can keep making money even while you sleep.

I started my first online course around 8 years ago and have earned over $2,000,000 from it over the years. Much of the work was done up front, and I am still able to help students today. I update the course all the time, but most of the legwork was done years ago, which has been so nice.

You can start this low-maintenance small business idea by thinking about what you are good at.

Online courses can be made on all types of subjects, such as gardening, baking, musical instruments, business, finance, travel, and more.

Another plus is you can always update or add new content to keep your course fresh and relevant. This can attract new learners and keep current ones coming back for more.

An online course is a fantastic way to earn passive income with some upfront effort and minimal ongoing maintenance.

Note: I recommend signing up for this free training – How Anyone Can Create an Online Course That Sells – In this free training, you will learn the 7-step process to create, market, and launch a profitable online course.

10. Stock photo photography

Stock photo photography is a great low-maintenance business idea where you can get paid to take pictures. You can take pictures in your free time and upload them to stock photo websites. Each time someone downloads your photo, you earn money.

All you need is a decent camera. You can even use your smartphone if it has a good camera!

You don’t have to worry about managing inventory or dealing with customers directly, and you can just focus on taking high-quality photos that people want to use.

Popular subjects include landscapes, cityscapes, and everyday objects. Seasonal themes and holiday photos also do well.

Once you’ve uploaded your photos, they can keep earning money for years, and that’s why it’s considered a passive income source.

11. Dropshipping

Dropshipping is a popular business model for many beginners. You sell products online, but you don’t need to keep them in stock. Instead, your supplier ships the products directly to your customers. This means you don’t need to spend money on storing inventory.

Once your website is set up and products are listed, it can handle sales automatically. As orders come in, you can streamline shipment processes, allowing your business to handle more customers without much added effort.

Another great thing about starting a dropshipping business is that it is affordable. With little or no start-up capital, you can list products on your website and start selling. You only buy the products from your supplier when you make a sale.

Another positive about dropshipping is the low risk involved. You’re not stuck with unsold inventory. Plus, you don’t need to worry about packing and shipping items. This makes dropshipping a low-maintenance business idea.

12. Print-on-demand

Print-on-demand is a great low-maintenance business idea. You can create custom designs for items like T-shirts, mugs, and phone cases.

You don’t have to worry about storing inventory. When someone buys a product, the print-on-demand company prints it and ships it directly to the customer, and this makes the process very hands-off for you.

Printful and Printify are popular print-on-demand companies. They offer many different products and work with various platforms like Shopify and Etsy. You can sell your designs in multiple stores, reaching different audiences.

What’s nice about print-on-demand is you can start small and grow. You only pay for the products customers buy. This means low upfront costs and reduced financial risk for your business.

Starting a print-on-demand business can be a great way to make money with minimal effort.

13. Parking lots

Parking lots can be a great low-maintenance business. If you have a space in a busy city, it’s a prime spot as a lot of people probably need parking, and they’re willing to pay a good price for it.

Once you set up a parking lot, there’s not much you need to do. You might have to repaint lines or put up new signs occasionally, but these tasks are easy and don’t take much time.

Owning a parking lot has other benefits too, with the main ones being that you don’t have to manage a lot of employees, and the maintenance costs are pretty low. Plus, you don’t need to be there every day to keep it running smoothly.

Starting a small parking lot with just 20 spaces can already bring in good money. If you charge $20 per day per space, you could see an annual revenue of around $146,000, with a high profit margin.

14. Billboards

Billboards are a great low-maintenance business. Once you set them up, they don’t need a lot of work. You can rent out advertising space to companies that want to advertise.

Starting a billboard business means finding good locations. Busy streets and highways are best and you need to rent or buy the space. After that, the billboard does the work for you.

Frequently Asked Questions

Starting a low-maintenance business can be a great way to earn income with minimal effort. Below are some common questions and answers about low-maintenance business options.

What is the cheapest business with the most profit?

The cheapest business with the most profit to start includes businesses like selling printables on Etsy, affiliate marketing on a blog, creating an online course, and dropshipping.

What is the easiest business to start and maintain?

The easiest business to start and maintain includes printables, self-storage units, stock photo photography, and parking lots.

What kinds of businesses can I start that don’t require a lot of time to manage?

Vending machines are a great option. Once placed in high-traffic areas, they require little maintenance. Just stock them up and collect your earnings.

Which businesses can really run by themselves?

Real estate rentals can run mostly by themselves, especially if you hire a property manager. They take care of the day-to-day tasks like rent collection and maintenance.

What are the best business choices for earning passive income?

ATM businesses can generate passive income. You earn money from surcharge fees every time someone uses your machine. Place your ATMs in busy locations to maximize earnings.

What is the least riskiest business?

Self-storage facilities are low risk. People always need storage, and once set up, these facilities require minimal management. You collect rental fees without much daily involvement.

How do you find low-maintenance businesses for sale?

To find a business that runs itself for sale, check listings on websites like BizBuySell and LoopNet, or contact business brokers. Before purchasing, thoroughly research and vet any business to make sure it meets your needs and expectations.

What are the best businesses to buy for passive income?

Buying existing laundromats or storage facilities can be great for passive income. These businesses already have cash flow and customers, reducing your initial workload, and you can purchase them to get started quicker.

Best Low Maintenance Businesses – Summary

I hope you enjoyed this article on the best low-maintenance businesses.

There are many types of businesses that run themselves and are low maintenance as you learned above. These include selling printables, affiliate marketing, vending machines, rental real estate, running a laundromat, renting storage space, and more.

Some key traits of low-maintenance businesses include:

  • Few routine tasks
  • Easy to manage
  • Low maintenance or repair needs

One of the biggest benefits is the reduced time and effort required. Many low-maintenance businesses can be set up to run smoothly with minimal daily involvement. This frees you up to focus on other important tasks, like spending time with family or pursuing hobbies.

Low-maintenance businesses are also highly scalable. Since you spend less time on daily tasks, you can concentrate on growing your business. As it grows, you can duplicate your model and open more locations or move into new markets.

What do you think are the best low-maintenance businesses?

Recommended reading:

Source: makingsenseofcents.com

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Socially responsible investing (SRI) strategies help investors put their capital into a range of securities — e.g., stocks, bonds, mutual funds — that focus on socially positive aims: e.g., clean energy, air and water; equitable employment practices, and more.

Despite market volatility driven by interest rate changes and geopolitical conflicts in recent years, SRI investing strategies have garnered steady interest from investors.

Various analyses of SRI funds suggest that the philosophy of doing well by doing some good in the world may have an upside worth exploring.

What Is Socially Responsible Investing?

While SRI investing goes by many names — including ESG investing (for environmental, social, and government factors), sustainable, or impact investing — the fundamental idea is to channel capital into entities that are working toward specific environmental and/or social policies in the U.S. and worldwide. The aim of SRI is to generate both positive changes across various industries, while also delivering returns.

Generally, investors that embrace SRI strategies find ways to assess an organization’s environmental and social impact when deciding whether to invest in them. However, there are important distinctions between the various labels in this sector of investing.

Socially responsible investing can be seen as more of an umbrella term (similar to impact investing). Within SRI, some strategies focus specifically on companies that meet certain criteria — either by supporting specific practices (e.g., green manufacturing, ethical shopping) or avoiding others (e.g., reducing reliance on fossil fuels).

For that reason it’s incumbent on each investor to assess different SRI options, to make sure they match their own aims. This is no different from the due diligence required for anyone starting to invest.

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Interest in SRI Investing Strategies

The tangible merits of socially responsible investing have always been subject to debate. But in the last couple of years there has been criticism of some of the underlying principles of SRI, as well as questions about the overall financial value of this investing approach.

Nonetheless, the value of global assets allocated to ETFs with an ESG focus have shown steady growth in the last two decades. As of November 2023, according to data from Statista, the value of these assets was $480 billion — a substantial increase since 2006, when the value of those assets was about $5 billion.

And according to a report published in 2023 by Morningstar, a fund rating and research firm, investors in conventional funds as well as SRI funds are likely to see returns over time.

Recommended: Beginner’s Guide to Sustainable Investing

SRI vs ESG vs Other Investing Strategies

While the various terms for SRI investing are often used interchangeably, it’s important for investors to understand some of the differences.

Impact Investing

Impact investing is perhaps the broadest term of all, in that it can refer to a range of priorities, goals, or values that investors may want to pursue. To some degree, impact investing implies that the investor has specific outcomes in mind: i.e. the growth of a certain sector, type of technology, or societal issue.

Impact investing may also refer to strategies that avoid certain companies, products, or practices. This could include so-called sin stocks (e.g. alcohol, tobacco), companies that adhere to principles that are in opposition to an investor’s or institution’s belief system, and more.

Socially Responsible Investing

SRI or socially conscious investing are two other broad labels, and they’re typically used to reflect progressive values of protecting the planet and natural resources, treating people equitably, and emphasizing corporate responsibility.

While SRI can be considered a type of impact investing, there may be impact investing strategies that are diametrically opposed to SRI, simply because they have different aims.

ESG Investing

Securities that embrace ESG principles, though, may be required to adhere to specific standards for protecting aspects of the environment (e.g. clean energy, water, and air); supporting social good (e.g. human rights, safe working conditions, equal opportunities); and corporate accountability (e.g. fighting corruption, balancing executive pay, and so on).

For example, some third-party organizations have helped create ESG metrics for companies and funds based on how well they adhere to various environmental, social, or governance factors.

Investors who believe in socially responsible investing may want to invest in stocks, bonds, or exchange-traded funds (ETFs) that meet ESG standards, and track ESG indexes.

Sustainable Investing

Sustainable investing is often used as a shorthand for securities that have a specific focus on protecting the environment. This term is sometimes used interchangeably with green investing, eco-friendly investing, or even ESG.

Unlike ESG — which is anchored in specific criteria having to do with a company’s actions regarding environmental, social, or governance issues — the phrase “sustainable investing” is considered an umbrella term. It’s not tied to specific criteria.

Corporate Social Responsibility (CSR)

Last, corporate social responsibility (CSR) refers to a general set of business practices that may positively impact society. Often, companies establish certain programs to support local or national issues, e.g. educational needs, ethical labor practices, workplace diversity, social justice initiatives, and more.

Ideally, CSR strategies work in tandem with traditional business objectives of hitting revenue and profit goals. But since CSR goals are specific to each company, they aren’t formally considered part of socially responsible, sustainable, or ESG investing.

A Focus on Results

Investors may want to bear in mind that, with the steady growth of this sector in the last 20 or 30 years, there are a number of ways SRI strategies can come together. For example, it’s possible to invest in sustainable pharmaceuticals and even green banks.

Either way, the underlying principle of these strategies is to make a profit by making a difference. By putting money into companies that embrace certain practices, investors can support organizations that embody principles they believe in, thereby potentially making a difference in the world, and perhaps seeing a financial upside as well.

Socially Responsible Investment Examples

These days, thousands of companies aim — or claim — to embrace ethical, social, environmental, or other standards, such as those put forth in the United Nations’ Principles of Responsible Investing, or the U.N.’s 17 Sustainable Development Goals. As a result, investors today can choose from a wide range of stocks, bonds, ETFs, and more that adhere to these criteria.

Understanding SRI Standards

In addition, there are also standards set out by financial institutions or other organizations which are used to evaluate different companies. It may be useful when selecting stocks that match your values to know the standards or metrics that have been used to verify a company’s ESG status.

Depending on your priorities, you could consider companies in the following sectors, or that embrace certain practices:

•   Clean energy technology and production

•   Supply chain upgrades

•   Clean air and water technology, products, systems, manufacturing

•   Sustainable agriculture

•   Racial and gender equality

•   Fair labor standards

•   Community outreach and support

Exploring Different Asset Classes

Investors can also trade stocks of companies that are certified B Corporations (B Corps), which meet a higher standard for environmental sustainability in their businesses, or hit other metrics around public transparency and social justice, for example. B Corps can be any company, from bakeries to funeral homes, and may or may not be publicly traded.

Companies issue green bonds to finance projects and business operations that specifically address environmental and climate concerns, such as energy-efficient power plants, upgrades to municipal water systems, and so on.

These bonds may come with tax incentives, making them a more attractive investment than traditional bonds.

Another option for investors who don’t want to pick individual SRI or ESG stocks is to consider mutual funds and exchange-traded funds (ETFs) that provide exposure to socially responsible companies and other investments.

There are a growing number of index funds that invest in a basket of sustainable stocks and bonds. These funds allow investors to diversify their holdings by investing in one security.

There are numerous indexes that investors use as benchmarks for the performance of socially responsible funds. Three of the most prominent socially responsible indexes include: the MSCI USA Extended ESG Focus Index; Nasdaq 100 ESG Index; S&P 500 ESG Index. (Remember, you cannot invest directly in an index, only in funds that track the index.)

Recommended: Portfolio Diversification: What It Is and Why It’s Important

The Growing Appeal of Socially Responsible Investments

While many investors find the idea of doing good or making an impact appealing, the question of profit has long been a point of debate within the industry. Do you sacrifice performance if you invest according to certain values?

Unfortunately, the lack of consistency in terms of what constitutes a sustainable or socially/environmentally responsible investment has made it difficult to compare SRI strategies to conventional ones. One financial company may use one set of criteria when developing its sustainable offerings; another company may use its own proprietary set of standards.

That said, as the universe of sustainable offerings continues to grow, it’s possible to create more apples-to-apples comparison sets. According to Morningstar data, sustainable equity funds saw median returns of 16.7% for 2023 versus 14.4% for traditional equity funds. The relative outperformance of SRI strategies was consistent across equity fund styles and most market caps, but particularly large-cap equities. Over 75% of SRI and conventional funds include large-cap equities.

In addition, sustainable fund assets under management (AUM) globally were up 15% over 2022, growing to $3.4 trillion.

The Evolution of Responsible Investing

Socially conscious investing is not a new concept: People have been tailoring their investment strategies for generations, for a number of reasons, not all of them related to sustainability. In fact, it’s possible to view the emergence of socially conscious investing in three phases.

Phase 1: Exclusionary Strategies

Exclusionary strategies tend to focus on what not to invest in. For example, those who embrace Muslim, Mormon, Quaker, and other religions, were (and sometimes still are) directed to avoid investing in companies that run counter to the values of that faith. This is sometimes called faith-based investing.

Similarly, throughout history there have been groups as well as individuals who have taken a stand against certain industries or establishments by refusing to invest in related companies. Non-violent groups have traditionally avoided investing in companies that produce weapons. Others have skirted so-called “sin stocks”: companies that are involved in alcohol, tobacco, sex, and other businesses.

On a more global scale, widespread divestment of investor funds from companies in South Africa helped to dismantle the system of racial apartheid in South Africa in the 1980s.

Phase 2: Proactive Investing

Just like exclusionary strategies, proactive strategies are values-led. But rather than taking an avoidant approach, here investors put their money into companies and causes that match their beliefs.

For example, one of the earliest sustainable mutual funds was launched in 1971 by Pax World; the founders wanted to take a stand against chemical weapons in the Vietnam war and encourage investors to support more environmentally friendly businesses.

This approach gained steady interest from investors, as financial companies launched a range of funds that focused on supporting certain sectors. So-called green investing helped to establish numerous companies that have built sustainable energy platforms, for example.

Phase 3: Investing With Impact

With the rise of digital technology in the last 30 years, two things became possible.

First, financial institutions were able to create screening tools and filters to help investors gauge which companies actually adhered to certain standards — whether ethical, environmental, or something else. Second, the ability to track real-time company behavior and outcomes helped establish greater transparency — and accountability — for financial institutions evaluating these companies for their SRI fund offerings.

By 2006, the United Nations launched the Principles for Responsible Investment (PRI), a set of global standards that helped create a worldwide understanding of Environmental, Social, and Governance strategies.

ESG became the shorthand for companies that focus on protecting various aspects of the environment (including clean energy, water, and air); supporting social good (including human rights, safe working conditions, equal opportunities); and fair corporate governance (e.g. fighting corruption, balancing executive pay, and so on).

Why Choose Socially Responsible Investing?

While the three phases of socially responsible investing did emerge more or less chronologically, all three types of strategies still exist in various forms today. But the growing emphasis on corporate accountability in terms of outcomes — requiring companies to do more than just green-washing their policies, products, and marketing materials — has shifted investors’ focus to the measurable impacts of these strategies.

Now the reasons to choose SRI strategies are growing.

Investors Can Have an Impact

The notion of values-led investing is that by putting your money into organizations that align with your beliefs, you can make a tangible difference in the world. The performance of many sustainable funds, as noted above, indicates that it’s possible to support the growth of specific companies or sectors (although growth always entails risk, and past performance is no guarantee of future results).

Socially Responsible Strategies May Be Profitable, Too

As discussed earlier, the question of whether SRI and ESG funds are as profitable as they are ethical has long been a point of debate. But that skepticism is ebbing now, with new performance metrics suggesting that sustainable funds are on par with conventional funds.

Socially Responsible Investing May Help Mitigate Risk

The criteria built into ESG investment standards may also help identify companies with poor governance practices, or those with exposure to environmental and social risks that could lead to financial losses.

Do Retirement Accounts Offer Socially Responsible Investments?

Generally speaking, individual retirement accounts may include socially responsible or ESG investment options. For example, when investing in different types of IRAs, e.g., a traditional, Roth, or SEP IRA, investors typically have access to all the securities offered by that financial institution, including stocks, bonds, and ETFs that may reflect ESG standards. The choice is up to individual investors.

That hasn’t always been the case with employer-sponsored 401k or 403b plans. But in 2023, the Department of Labor issued a rule allowing plan fiduciaries to consider ESG investment options for plan participants.

While some plans may now offer socially responsible or ESG investments, there is a push from some lawmakers to restrict or eliminate the availability of these funds. ERISA standards for retirement plans dictate that the investment options offered by employer-sponsored plans “must be based on risk return factors that the fiduciary prudently determines are material to investment value.” Some lawmakers argue that ESG funds are higher risk and not suitable for employees in company plans.

The Takeaway

Socially responsible investing is a broad term that can mean different things to different groups, but no matter which term you use — socially conscious investing, impact investing, ESG investing — it comes down to the compelling idea that by investing your money in organizations that match your values, you can make a difference in the world.

Ready to invest in your goals? It’s easy to get started when you open an investment account with SoFi Invest. You can invest in stocks, exchange-traded funds (ETFs), mutual funds, alternative funds, and more. SoFi doesn’t charge commissions, but other fees apply (full fee disclosure here).

Invest with as little as $5 with a SoFi Active Investing account.

FAQ

Is socially responsible investing profitable?

Socially responsible investing can be profitable, as multiple reviews of fund performance have shown over the last several years. That said, some believe that the financial strength of ESG or SRI strategies is debatable. While any investment strategy has its own risks, it’s best to assess them according to your own aims.

What is the difference between ESG investing and socially responsible investing?

Socially responsible investing is considered a broad term that can encompass a range of practices and standards. ESG investing stands for environmental, social, and governance factors, is a set of principles that is often used to assess how well companies meet specific, measurable criteria. While there is no single industry-wide metric for ESG standards, investors can consider various proprietary tools.

How many socially responsible investment opportunities are there?

It’s impossible to say how many SRI opportunities there are, as the stocks, bonds, and other securities that embrace ESG standards continue to grow. More than 120 new sustainable funds entered the SRI landscape in 2021, in addition to 26 existing funds that took on a sustainable mandate.

What is the socially responsible investment theory?

The theory behind socially responsible investing can be summed up by the old saying about “Doing well by doing good.” In other words, by investing in companies that support positive social and environmental products and policies, it’s possible to help investors realize a profit.

How do you start socially responsible investing?

Investors who are interested in SRI or ESG investing can begin by getting to know companies that adhere to certain eco-friendly or socially responsible standards. In addition, many financial institutions offer clients a way to screen for stocks or mutual funds that have an ESG focus.

Photo credit: iStock/luigi giordano

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Source: sofi.com

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Today’s advanced smart air purifiers ensure clean air. Photo: Shutterstock

“The pandemic significantly increased the time people spent at home, heightening their awareness of health and wellness,” says Jessica Smith, a brand strategist who co-authored the “Home as Highest-tech Health Hub” section of the report.

Brand strategist Jessica Smith says self-care is now a cornerstone of modern living spaces. Photo: LinkedIn
More than two-thirds of Americans now say they spend more time at home compared to two years ago, she says. The convenience and necessity of managing health from home have sped up the adoption of health-centric technologies, “making self-care a cornerstone of modern living spaces”.
These innovations range from circadian rhythm lighting systems – that are set to a lower intensity in the early morning, transition to a higher intensity as the day progresses, and dip in the evening – that improve sleep quality, to smart air purifiers that ensure clean air.

“Unlike traditional medical healthcare, these technologies focus on prevention and maintaining well-being, offering tools that help individuals lead healthier, more balanced lives,” says Smith.

Examples mentioned in the report include DeRucci’s AIoT (Artificial Intelligence of Things) smart mattress, which uses 23 flexible sleep/health AI sensors that track subtle changes in position, body temperature, heart rate, and health and has 18 support airbags that instantly respond and support the user’s position and body movements.

“Such innovations will create healthier living environments and facilitate early detection of health issues, bridging the gap between wellness and medical care,” Smith says.

By using biometric data and adaptive technologies, these environments can adjust lighting, temperature, and even decor in real time to suit individual moods and activities

Jessica Smith

In the US, gadgets are not permitted by law to “diagnose” medical conditions – they can only suggest that something may be wrong and that the user see a doctor for a professional diagnosis. This form of health monitoring is becoming more common, the report says.

Trends indicate a growing adoption of remote health monitoring and virtual consultations, powered by AI. They are enabling more comprehensive healthcare management from the comfort of home.

Nanotechnology works by manipulating atoms the size of one-millionth of a millimetre, or less. And it promises to revolutionise wellness at home by providing advanced materials and devices, says Smith.

“For instance, self-cleaning surfaces using TiO2 [titanium dioxide] nanoparticles can significantly enhance hygiene, while nanotech-based wearables enable continuous health monitoring.”
De Rucci’s smart mattress uses 23 AI sensors to adapt the mattress to the sleeper’s position. It also checks body temperature and heart rate. Photo: De Rucci

At the other end of the scale, “empathetic architecture” creates living spaces that respond to inhabitants’ emotional and physical needs.

“By using biometric data and adaptive technologies, these environments can adjust lighting, temperature, and even decor in real time to suit individual moods and activities,” says Smith.

Ari Peralta, a neuroscientist specialising in sensory design and wellness and founder of Arigami, a studio at the forefront of multisensory integration and sensory profiling, has expanded the idea to include the effects of fine art on the inside environment.

He contributed a section of the report called “A New Multi-sensory Art for Health and Wellness”. Peralta’s focus is on how immersive, sometimes interactive, art created by generative AI – the same technology that powers ChatGPT – can create environments that are conducive to well-being.

Research shows art can benefit our mental, physical and social wellness dimensions, Peralta says.

Imagine art that can transform you based on your movement, heartbeat or mood, inviting you to disconnect from the acceleration of life and fully immerse yourself in that moment

Ari Peralta

“Movement, touch, sound, temperature, all play a role in shaping our sensory experiences. Our nervous system and our sensory system are intertwined,” he says. The sensory system can be used to calm our “flight or fight” responses.

Immersive art uses images and sound to provide the sensation that the viewer is part of the artwork. It often employs light as a visual medium, it can be 3D, it is often created at a large scale, and is interactive in some way, responding to input from the participant or the environment.

Sometimes the imagery and sound can be synched to the participant’s biorhythms, like a heartbeat.

“Imagine art that can transform you based on your movement, heartbeat or mood, inviting you to disconnect from the acceleration of life and fully immerse yourself in that moment,” he says.

“Thanks to new AI technology, art is becoming more participatory, interactive and holistic.”

Ari Peralta is a neuroscientist specialising in sensory design and wellness who founded the company Arigami. Photo: Arigami

Science supports the value in art therapy.

“Extensive research coming out of healthcare facilities indicates that art can reduce patient and personnel stress, curb depression and even reduce pain, therefore promoting a healing environment,” he writes.
“Neuroscience studies confirm that immersive and multisensory art can stimulate the higher-level areas of the brain responsible for creativity and imagination,” he adds. This frees the brain from anxiety and allows space “for inspiration”.

Peralta highlights a recent study that used qEEG (quantitative electroencephalogram) tests that measure electrical activity in the form of brain wave patterns to learn more about the effects of abstract art.

It confirmed an increase in the test subject’s brain voltage, and noted the activation of more regions of the brain when they were viewing abstract art and the brain was challenged to create its own interpretation of it, he says.

A woman wears a VR headset while waving her hands in front of an art display, part of an immersive art experience. Photo: Shutterstock

Everything is coming together to make wellness a priority in the design world, he says.

“Working at the dawn of the next technological revolution offered by generative AI, art-as-wellness and its potential positive impact on human well-being are among the most exciting new fields to explore.”

Source: scmp.com

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Rhode Island may be the smallest state in the U.S., but it certainly packs a punch when it comes to character and charm. The state is famous for its stunning Newport Mansions, the lively Providence WaterFire, and, of course, its pristine beaches. But what else is Rhode Island known for? Whether you’re considering renting a home in Providence, looking to settle into an apartment in Richmond, or just planning a visit, you’ll soon find that Rhode Island has much more to offer than meets the eye. In this article, we’ll uncover some of the iconic features that make Rhode Island one of a kind and why so many are proud to call it home. Let’s jump in.

1. Newport Mansions

The Newport Mansions are a collection of grand Gilded Age estates in Newport. The Breakers, the most famous of these, was built by the Vanderbilt family and offers a glimpse into the extravagant lifestyle of America’s elite in the late 19th century. Visitors are welcome to tour these lavish homes, marvel at their architecture, and stroll through beautifully maintained gardens.

2. WaterFire Providence

WaterFire Providence illuminates the waterways of downtown Providence with a unique art installation and festival. This event features over 80 bonfires burning on the surface of the rivers, accompanied by music and performances. Organizers hold WaterFire multiple times a year, attracting locals and tourists alike, and creating a mesmerizing atmosphere. The combination of fire, water, and art provides a memorable experience that distinctly represents Rhode Island.

3. Sandy beaches

Rhode Island boasts some of the most beautiful beaches in New England. Popular spots like Misquamicut State Beach and Narragansett Town Beach offer clean, sandy shores and excellent swimming conditions. Activities such as surfing, sailing, and beachcombing are common. The state’s extensive coastline provides plenty of opportunities for beachgoers to enjoy the sun and sea.

4. Rhode Island clam chowder

Rhode Island is famous for its distinct style of clam chowder, which is clear-broth based, unlike the creamy New England or the tomato-based Manhattan versions. This local delicacy features fresh clams, potatoes, onions, and sometimes a hint of bacon. Many coastal restaurants, like the Black Pearl in Newport, serve this flavorful chowder.

5. Block Island

Block Island, off the coast of Rhode Island, is a popular destination known for its pristine beaches and stunning natural beauty. Visitors can enjoy activities such as biking, hiking, and exploring the island’s 17 miles of beaches. The Mohegan Bluffs, with their dramatic cliffs and panoramic ocean views, are a must-see.

Fun facts Rhode Island is famous for

  • First Open Golf Tournament: The Newport Country Club hosted the first U.S. Open Golf Championship in 1895, making Rhode Island a significant place in golf history.
  • Coffee Milk State Drink: Rhode Island’s official state drink is coffee milk, a special beverage made by mixing coffee syrup with milk.
  • Home of the Oldest Operating Tavern: The White Horse Tavern in Newport, established in 1673, is the oldest operating tavern in the United States, serving patrons for over 350 years.

6. International Tennis Hall of Fame

The International Tennis Hall of Fame celebrates the history and achievements of tennis. Housed in the historic Newport Casino, the museum features exhibits on legendary players, significant matches, and the evolution of the sport. Additionally, the Hall of Fame Championships, an annual tennis tournament, attracts top players and fans to the state.

7. Autumn foliage

Rhode Island boasts stunning fall foliage, attracting those who come to see the vibrant colors of the changing leaves. Scenic drives along routes like the Blackstone Valley and the coast provide breathtaking views of the autumn landscape. The state’s picturesque fall scenery is a highlight for both residents and tourists.

8. Historic Benefit Street

Benefit Street in Providence, often referred to as the “Mile of History,” showcases beautifully preserved Colonial and Victorian homes. This historic street features over 200 buildings dating back to the 18th and 19th centuries, representing Rhode Island’s architectural heritage.

9. Rhode Island School of Design (RISD)

The Rhode Island School of Design (RISD) is one of the most prestigious art and design schools in the world. The RISD Museum, affiliated with the school, houses an impressive collection of fine art, including works by renowned artists such as Picasso and Monet. The institution fosters creativity and innovation, making it a cornerstone of Rhode Island’s cultural landscape.

10. Brown University

Founded in 1764, Brown University is one of the oldest universities in the United States and boasts notable alumni such as John F. Kennedy Jr. and Emma Watson. The campus features beautiful Georgian and modern architecture, with landmarks like the Van Wickle Gates and the John Hay Library.

11. Newport Jazz Festival

The Newport Jazz Festival is one of the most prestigious music festivals in the world. Founded in 1954, it has featured legendary performers such as Miles Davis, Ella Fitzgerald, and Duke Ellington. The festival takes place at Fort Adams State Park, offering stunning views of Newport Harbor. It continues to attract top jazz artists and music enthusiasts from around the globe.

12. Slater Mill Historic Site

The Slater Mill Historic Site in Pawtucket is a key landmark in America’s industrial history. Established in 1793, it’s considered the birthplace of the American Industrial Revolution. Visitors can tour the mill, which showcases early textile machinery and manufacturing processes, and attend educational programs and exhibits on the history of industry in Rhode Island.

Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.

Source: rent.com

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Categories

Owning Businesses

June 26, 2024
by Mark Ferguson

I have 2 laundromats; a very small one in a small town and a medium-sized one in a city of about 100,000 people. I love the laundromats and they are a ton of fun but they come with challenges as well. My medium-sized laundromat makes money but the small one still struggles after a year of improving it.

I think the small laundromat has potential but the larger the laundromat, the more chances for success you will have. I am a real estate investor and broker by trade and I have learned a ton about small businesses the last few years. I also own a liquor store and a small grocery store in a small town. Laundromats are very different from anything else I have ever done. Here is what I have learned.

Table of Contents

What are the biggest challenges of owning a laundromat?

Before I bought my first laundromat, I thought they were a pretty straightforward business. You buy some washers and dryers, people come and use them, and you collect the money. There is much more to the business than buying some machines and hoping people come to use them. Here are some of the biggest lessons I learned:

  • Washers and dryers in laundromats are very expensive. If you want the big machines that people come to laundromats for, expect to pay close to $10,000 for one machine! The smaller the machines, the less expensive but people won’t use those nearly as much. The good news is you can charge much more for the big machines since they can hold 4, 5, 6, or even more loads of laundry.
  • It is very hard to find people who can fix commercial washers and dryers. Appliance repair is a lost art and many of the companies that still do it, limit themselves to warranty work for specific companies. There are also a lot of people who claim they can fix these machines and have no idea what they are doing. Ask me how I know that one! The closet repair people to me are over an hour away. If you own a laundromat you must be able to do some of the simple repairs yourself or have someone on your team who can do them or you will go bankrupt because machines break all the time.
  • Laundromats get dirty as soon as you clean them. I have hired cleaners and cleaned myself and it doesn’t matter how often you clean, the next time someone comes in to do laundry it will be dirty again. People do not like a dirty laundromat. One tip is to get a floor that is as close to dirt color as possible!
  • Laundromats are not passive. They take constant monitoring and visits. It is fun collecting quarters but you will also get calls or texts about machines not working or taking money or people acting funny. If you want to keep people coming, you have to respond to the complaints and do your best to remedy them. You will be giving out a lot of small refunds.
  • Laundromats attract crime. My laundromats are not attended and while I have cameras there are still shenanigans going on all the time. Make sure you are not letting people sleep in them, abuse the bathrooms if you have them, or camp out outside.

These points may turn off a lot of people but I still love my laundromats. It is so much fun collecting quarters, watching sales, and trying to improve the business. Below is one of the videos of me collecting quarters.

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Do laundromats make money?

The laundromat in the video above has been open for about 7 months and brings in around $7,000 a month with $4,500 in expenses a month. This does not count my own time collecting quarters and managing things. I was very lucky that I did not have to buy this laundromat. I took over the lease with most of the equipment still there. I had to add some equipment that I bought used from another laundromat and fix some of the machines already there. I probably spent $40,000 on machines, a little remodeling, and repairs. I lease this space but I purchased the real estate for my small laundromat. It does not make nearly as much ($1,200 to $2,000 a month) but that real estate came with an apartment, shop, and car wash as well.

Laundromats can make money and large laundromats can do very well but it is tough to make it with smaller spaces just because you are so limited in the equipment you can use and the amount of customers who can use the mat at once.

What kind of machines do you need?

The biggest obstacle with my small laundromat is I have small washers and dryers. The small dryers are not a big deal but the washers are. Many people use laundromats because they have tons of laundry or large items they want to wash. A lot of people who have washers and dryers still use laundromats. You may even have people using your laundromat who have wash-and-fold businesses where they pick up someone’s laundry and do it for them. A successful laundromat almost always has large washers.

With large washers come more expensive machines, more power (3 phase in many cases), more water (upgraded water heaters), and more support (concrete floors). My small laundromat has wood floors and 2 phase power which makes it very tough to add large machines. If you are choosing a place for a new laundromat or taking over an existing one make sure you have the mechanicals needed for big machines. Most of my washers and dryers are Speed Queens but there are many good brands out there.

Below is a video of the small laundromat:

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Should you have an attended or unattended laundromat?

Most large laundromats are attended and offer wash and fold services to pay for those attendants. Mine do not have this service but I may offer it at some point. I am still able to make money without the wash and fold but it would most likely make me more if I decide to go that route. A wash and fold service does laundry for customers. Some laundromats even pick up and deliver loads. One nice thing about having wash and fold and attended laundromats is there is usually someone there who can help customers and clean up if things get messy.

If you have full-time staff at the laundromat that is a large expense and you will need to do quite a bit of wash and fold to pay for it. If you have a smaller laundromat you want to make sure you are not taking up machines with your wash and fold business that regular customers want to use. Of course, the biggest challenge is to find the right employees you can trust and who will work hard. I have that challenge in my real estate businesses as well.

Bonus income from laundromats

While my laundromats do okay I get a lot of bonus income from them. People love to watch quarters being collected. I have a pretty large social media following and a decent-sized YouTube channel (110K) and those all make me money. On bad months I make at least $1k from my videos and on good months close to $5k. If you like social media and making videos, the laundromats are perfect for content creators.

Conclusion

It would be impossible to give you all the ins and outs of the laundromat business in one article, well maybe if the article was 50 pages long… but I hope this helps give you an idea of what the laundromat business is like. My YouTube channel has weekly videos on both mats going over the pros and cons. I also am happy to answer questions here but I do check my YouTube comments more often.

Source: investfourmore.com

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In the era of remote work, having a functional and inspiring home office has become more important than ever. However, not everyone has the luxury of a spacious room to dedicate solely to work.

Designing a home office in a small space can be challenging, but with the right strategies, it’s entirely possible to create an efficient and comfortable workspace, whether that’s in your apartment in Orlando, your rental home in New York, or your home in San Francisco. Here are some tips, tricks, and ideas to help you maximize your small space and design a home office that boosts productivity and enhances well-being.

Create the perfect home office in a small space

“Make small changes at a time, test it to see what works, and adjust accordingly. Start small and build up, and keep a wishlist of desired products or features that you can iterate towards, little by little,” states Jose Munoz. “It’s important to remember that the setup will never be perfect or finished. No matter how much you improve it, you will see someone else’s setup and think, ‘Oh, I wish I had that.’ Enjoy the process, make it unique, and work for you.”

1. Choose the right spot

The first step in designing a small home office is finding the right spot. This could be a corner in your living room, a nook under the stairs, or even a closet. The key is to choose a location that minimizes distractions, offers enough privacy for focused work, and inspires you and your work.

“To me, the most important thing about a home office is to make it inviting, bright, and inspiring!” Katie Gardner with The Occassio Collective shares. “Pick the room with the most windows for plenty of daylight.”

2. Optimize vertical space

When floor space is limited, look up. Marcy with The Unpopular Mom recommends taking advantage of vertical space to in turn save space. “Create a space that will help to increase your productivity, your focus, and your drive,” Marcy shares. “Floating shelves can help save space and give more options when selecting your workspace.” By using vertical space, you can choose corners for office spaces. “Build a desk into the nook in the corner of the room, as little work nooks can be a very productive area,” Marcy explains.

3. Multifunctional furniture

In small spaces, furniture needs to be multifunctional. “Create a dual-purpose room to carve out an office space in your home,” Dawn Stewart with Crafidly recommends. “Any room can pull double duty without looking overstuffed with the right furniture and storage. A fold-out desk and a chic sideboard cabinet for storage may be all you need to add an office nook to your family room or bedroom.”

Multifunctional furniture is important for saving space too. “For a small home office, especially when working remotely, choose furniture that saves space and serves multiple purposes,” echoes Nguyen Le, marketing lead for Esevel Marketing. “Pick a small desk with built-in storage to keep your items organized. Consider a wall-mounted desk to free up floor space and make the room feel bigger. Use a foldable chair that you can store away when not in use. Add wall shelves to keep your workspace tidy and efficient. These tips help you stay organized and productive in a small space.”

4. Declutter, organize, and keep it simple

It’s especially important to not overcrowd the space, especially when crafting a small home office. “After working from home for the last six years, the biggest workspace realization I’ve had is that simplicity creates productivity,” Abby Flynn notes. “If you’re anything like me, you’ve been tempted to walk down the office supply aisle and purchase every little knick-knack and organizer for your home office. (It’s tax-deductible, right?!) But at the end of the day, a clean, simplistic home office with a few key pieces that inspire you will actually help you to do your best work,” Flynn explains.

In the same vein, a clutter-free workspace is essential for productivity. “In a small space, less is more,” Brittney Gaddis notes. “We find that clutter makes it difficult to think creatively. Stick with a clean space without a lot of knickknacks. If you are one to like lots of things, find organized ways to house them, such as on shelving around your office space that get them out of the way.”

Nikki Cox echoes this sentiment sharing that intentionality behind your office design assists in keeping your space clutter-free. “In my opinion, the most important thing you can do when decorating a small office space is to declutter what you are planning on putting in there,” Cox explains. “Intentionally choosing items that will add value to your workspace and omitting those that don’t. This alone will significantly reduce the need for lots of elaborate storage solutions and allow you to focus on creating systems for the things that truly matter.”

5. Tech-savvy solutions

Incorporate technology that saves space and improves efficiency. Wireless devices, such as a keyboard and mouse, can reduce cable clutter. A compact printer or an all-in-one device can save valuable desk space as well.

6. Creative storage solutions

Think outside the box when it comes to storage. “If your home office is short on square footage, think of your wall space as the backdrop to a storage haven,” The Working Stay at Home Mom recommends. “There are hundreds of clever wall storage solutions available that can help keep your workspace looking organized and stylish. However, keep in mind that the area in your peripheral vision should be free of clutter when looking at your screen. Too much visual stimulation can lead to a loss of focus and ultimately trample on your productivity.”

7. Flexible layouts

Flexibility is key in a small home office. Opt for furniture on wheels or lightweight pieces that can be easily rearranged. This allows you to adapt your workspace as your needs change.

“Working in a smaller space like an RV has taught me the value of optimizing every inch,” shares Tina Goyzueta. “I set up an outdoor tent equipped with a comfortable chair and table, creating a perfect workspace in nature’s embrace. Additionally, I rely on a versatile lap desk that allows me to work from virtually anywhere, be it inside the RV or while enjoying the great outdoors,” Goyzueta notes. “This flexibility not only boosts my productivity but also ensures I have a refreshing change of scenery whenever I need it.”

8. Don’t sacrifice style

There’s no reason you can’t make the most of a small office while keeping it a space tailored to you and your preferences. “Create a focal point with your desk space, allowing any adjacent zones to complement it in usability and design,” Jennifer with Our Blog Life shares. “Focus on functional items that double as decor, investing in items that solve an organizational problem while adding to your aesthetic. Add houseplants wherever you can — the benefits are endless.”

Crafting your perfect small-space home office

Designing a home office in a small space requires creativity and careful planning, but it’s entirely achievable. By using multifunctional furniture, keeping the area organized, and getting creative with storage solutions, you can create a workspace that is both functional and inspiring. With these expert tips, tricks, and ideas, you can transform even the smallest corner of your home into a thriving workspace.

Wesley Masters works on Redfin’s stellar Content Marketing team as a content writing specialist. She has been with Rent. since 2023 and her previous experiences include non-profit communications, graphic design, and content creation. Wesley lives in Atlanta, GA, and loves outdoor walks, hanging out with her loved ones, and finding new recipes to try on Pinterest. Her ideal home is a brownstone with contemporary interiors.

Source: rent.com

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In the fast-paced beat of modern living, maintaining a well-organized apartment isn’t just about tidiness — it’s a gateway to a comfortable living space. Whether you’re a seasoned minimalist or just beginning your journey to declutter, mastering the art of apartment organization can transform your home into a productive environment.

From maximizing storage solutions to embracing minimalist principles, these 18 expert tips will guide you through practical strategies to streamline your space, enhance functionality, and cultivate a harmonious environment that reflects your unique lifestyle and preferences. So whether you are renting an apartment in Philadelphia, PA, or a townhouse in Jersey City, NJ, get ready to dive into the essential strategies that experts swear by for achieving a perfectly organized apartment.

1. Start Simply 

Starting simply is important because it prevents feeling overwhelmed and ensures that you can maintain momentum without getting discouraged. Starting small allows you to make steady, manageable progress one step at a time.

“No one likes the idea of taking on the entire home at once. It’s simply daunting and unmanageable. So, my first step advice is to start simply,” says A+ Clutter Clearing of Boca Raton, FL. “By doing so, you’ll find early success which helps you build momentum for another task.”

Some examples of a simple start include a bathroom drawer, linen closet, laundry room, or kitchen junk drawer.

2. Utilize “point of use” storage 

“Point of use” storage refers to the practice of storing items as close as possible to the location where they are used. This method is convenient ensuring that everything you need for a specific task is within easy reach.

Professional-Organizer.com is a firm believer that the term “point of use” storage makes living in an apartment easier. They say, “store items where these are used, whether in a cabinet or cart, in your home.’ You can store office and school supplies in your designated home office space, linens in the bathroom adjacent to that room, and cleaning supplies under each sink. This way you always have access to what you need when you need it.”

3. Vocalize why you are keeping items or donating them

Vocalizing why you are keeping or donating items helps clarify your intentions and reinforces your decision-making process, making it easier to stay focused and committed to your organization goals.

“As you sort through your clothing, vocalize why you are keeping the items or donating it, remarks The Clutter Curator. “We find it’s so helpful to hear the ‘why’ and it will either validate why you are keeping it or, you might hear yourself and laugh a bit and actually donate the item. Our clothing holds a lot of stories, use this time to relive them and let them go.”

4. Store things vertically

Storing things vertically maximizes your available space by utilizing the often-overlooked height of a room.

“Storing things vertically in drawers will give up to 30% more storage space as opposed to laying things down flat,” shares Kate of Home Love Method. “If your apartment is small, this will allow for maximum storage and you’ll be able to find your things easier.”

5. Tuck things away in cabinets, closets, and drawers

Tucking things away in cabinets, closets, and drawers helps create a clean and uncluttered living space. 

“Apartments can feel small and when surfaces are full it can make them feel even smaller. If possible, try to tuck most things away in cabinets, closets, and drawers,” recommends Call Kate Tidy.

6. Try the “one in, one out rule”

The “one in, one out” rule is an effective strategy for maintaining organization by ensuring that for every new item brought into your home, an existing item is removed. 

Jennifer A Dwight Ideal Organizing + Design says, “To keep your closet organized, use the ‘one in, one out’ rule. For instance, when considering purchasing a new pair of shoes, decide which pair you already own will be donated or discarded. By being diligent about this, your closet will stay clutter-free.”

7. Purchase dual-purpose furnishings

Purchasing dual-purpose furniture is a smart way to maximize space in your apartment by combining functionality and storage. 

“Get multi-functional storage solutions. Any furniture that offers extra storage is a plus. Think beds that have built in drawers and ottomans that have extra storage,” states Pretty Neat.

“Dual-purpose furnishings are the unsung heroes of apartment organization,” raves Organized by Keli based in Denver, CO. Sofa beds, storage ottomans, and nesting tables deliver a one-two punch, ensuring you make the most of your limited real estate without sacrificing style or comfort.”

Introduce a storage ottoman that serves as both seating and a concealed space for blankets, magazines, or toys. This versatile furniture piece minimizes visible clutter and offers extra seating for guests,” adds Organize with Lia.

8. Turn hangers backward in the closet

Turning hangers in the closet backward is a simple yet effective method to identify which clothes you actually wear. 

“Turn your hangers backward in your closet. After wearing an item, return the hanger to its normal direction. At the end of the season, you can quickly see what items you have not worn. Consider letting those items go,” recommends Ever So Organized.

9. Set up a charging station for devices

One of the more challenging things to organize in a home is all the electronic devices, such as phones, tablets, and smartwatches. 

“Not only are they always on the move, but they also come with a lot of expensive accessories that can easily get lost. To avoid having these accessories as well as cords spread out all over your home, create a charging station in a centralized area, so that you always have a place to park those devices when not in use,” recommends The Swedish Organizer

10. Add a rolling cart

Adding a rolling cart to your apartment provides portable storage that can be easily moved around as needed. 

Organized Calm says, “Incorporate a slimline rolling cart for versatile, mobile storage in your bathroom. Use it to hold toiletries, cleaning supplies, or extra towels, ensuring everything is easily accessible. When guests visit, simply roll the cart out of sight to keep the bathroom looking neat without sacrificing functionality.”

11. Take your best notes in the shower

Have you noticed how often you get a great idea or think of something to add to your ever-growing to-do list when you’re showering with no way to write it down?

Oh So Organized shares, “A simple and effective organizing solution is to affix (using suction cups) a waterproof notepad and pencil inside the shower.” 

12. Store products in different spots

“A common organizing mistake with small bathrooms is to store all of one product in the same spot,” notes Nonnahs Driskill of Get Organized Already in Pasadena, CA. For example, if you have three tubes of toothpaste, store the extra two in what I call a “drugstore drawer,” which will probably be in a different area of the apartment. You can even put all but one extra roll of toilet paper in another spot.”

13. Use the back of doors

Using the back of doors for storage adds valuable space to your apartment that is often overlooked.

Kate Bosch Professional Organizing remarks, “When organizing a small space like an apartment, don’t forget to use the backs of doors. Hang a clear shoe pocket organizer on this often-overlooked space to hold small gadgets in the kitchen, toiletries, and washcloths in the bathroom, accessories near the front door, cleaning products in a storage closet, small toys in a child’s room, and shoes in your clothes closet.” 

14. Use the most valuable spaces wisely

Using the most valuable spaces wisely in your apartment involves prioritizing storage in areas that are both accessible and versatile. 

“With any size space, the key to maintaining order and organization is to not have too much stuff,” says Life with Less Mess. “If your apartment is feeling messy or chaotic, before you start organizing, start decluttering. When you have limited real estate, be sure to use the most valuable spaces wisely. The most-accessible cabinets should have the items you use most often. The same applies to drawers and shelves. Put items you use less often in harder to reach spots so they won’t be in the way during day-to-day.” 

15. Create categories and add like with like

Creating categories and grouping like items together simplifies organization and enhances efficiency in your apartment.

“This step assists in seeing how much of one category there might be. Bonus, it might aid in removing a few pieces that are unwanted or discovery of ones that might have been forgotten about,” states Organized Simplicity.

“Keep similar items together for easy access. This means mixing bowls stacked in a cupboard, serving platters stored vertically or in a designated area, canned food arranged by type or frequency of use, spices on a spice rack or drawer organizer, or tupperware stacked with their lids in a nearby bin,” adds KAOS Group.

16. Always remember that “less is more”

Remembering that less is more when organizing your apartment encourages a minimalist approach that focuses on quality over quantity. The best part about living in an apartment and trying to stay organized is that many times you have to live simply due to limited storage space. 

“The old mantra of ‘less is more’ is never more applicable than in an apartment where you need things to be multifunctional, like appliances that have dual purposes to minimize taking up too much space, or decorative baskets that serve as design pieces but ultimately help hide your things. This can be accomplished in every room of the house to help save space and stay organized,” shares Decluttered LLC.

17. Designate drop zones

Designating drop zones in your apartment establishes specific areas where items are consistently placed upon entering.  

Charlottesville Organizing remarks, “Designate specific areas in your home as drop zones for frequently used items such as keys, mail, coats, or bags. This prevents clutter from spreading throughout the house to ensure that essential items are easily accessible when needed. Consider using specific tools like bowls for keys, hooks for coats, or bins for pet items to enhance functionality for these zones.”

18. Let go of the past and keep an extra hamper for donation items

Letting go of the past and keeping an extra hamper for donation items allows you to efficiently separate belongings you no longer use or need. 

“Letting go of the past is key to getting organized,” says Tonia Cordi. “Often we hold onto past experiences of not having enough, or the fear of ‘what if’ which keeps us attached to physical belongings, beliefs and thoughts that create clutter in our lives. Before getting started in a room, ask yourself what am I holding onto from the past that is stopping me from letting go and living in the present.”

Once you’ve reflected on what you need to give up. Start by keeping an extra hamper for donation items.

“One system that I always like to set up for clients in their closets is having an extra hamper in their bedroom or closet that is designated just for donation items. Having the extra hamper labeled ‘donations’ already set up, makes it easy for us to make that quick decision of donating when we don’t like something. Rather than trying on a shirt, not liking it, then throwing it back in your closet or drawer, why not throw it in the donation basket right away? Then, when the basket is full, all you have to do is take the garbage bag out and drop it off at the donation center,” shares All About Organizing.

Source: apartmentguide.com