Property investment within the vacation market is one of the most popular investments that private individuals with the resources choose to make. It is easy to see why – if you find a location with a strong appeal for vacationers, then there is already that attraction factor drawing people to the place where your property is located.
People go on vacations to places – not to stay in a specific property – and so sometimes the location can be half the battle for the canny property investor. Moreover, if you already live in an attractive location, AirBnB and other such companies have brought this investment opportunity to you.
A Different Kind of Investment
Of course, it is a different type of investment than buying a property in a vacation location. For one thing, you will not actually be buying a property, and for another, you will not be renovating it to be completely suitable for vacationers.
When you go with AirBnB, what you’re working with is your own home, and so the changes that can be made are more limited.
But of course, if your property is going to be viable for AirBnB, then you can be assured you already have two massive attraction factors working in your favor. The location of your home is a popular and attractive one, and the home itself makes for a comfortable stay as well.
This is not to say though that you have nothing to do. You need to make your home ready to serve as an AirBnB. That certainly doesn’t involve renovation or any serious changes, but it does involve paying attention to what vacationers expect out of a vacation property, and then providing as much of that as you can.
Preparing Your Home for AirBnB
So, what do you have to do? Here are the two most important tips. Beyond these, you should simply ensure your home is tidy, clean, and welcoming.
Get the Bedroom Right
With Air BnBs, there is rarely an emphasis on spending much time there. That type of thing is more for purpose-built vacation resorts and hotels. Nevertheless, there is one room that needs to offer serious comfort – the bedroom.
Even if your guests are off doing other things for the majority of their stay, they will still be sleeping at your place. Fresh and clean linen, extra touches like pillows and a TV offering Netflix come much advised. Prioritize the bedroom.
Add High-Tech Conveniences
And the benefit of these isn’t actually the convenience they offer, it’s the wow-factor of including some flashy high tech in your AirBnB. This can massively boost your bookings, and all it takes is an investment in the little things. Good examples include offering USB rechargeable smart batteries instead of traditional AAs, installing a bit mood lighting in the kitchen, and so on. Home battery solution experts Pale Blue Earth note that such products are relatively inexpensive, but they make the whole home appear more high-tech.
Prioritize Extra Touches
In lieu of full renovations to make the home a vacation home, there is still much you can do to make your usual residence more vacation-y. You could add a welcome basket, useful instructions on how to work appliances or the smart TV, complimentary tea and coffee in the kitchen, and so on. All the little hotel things that you do have the resources to provide, you should.
If you get all this right, and you are lucky to already be living in a popular vacation area, then AirBnB could be a very simple and very profitable investment for you.
