Vacation homes are no longer just for those who have disposable income. With so many affordable options available nowadays, many more families are taking advantage of the best spots around the country to stay in when they want to get away from the stresses of everyday life. What that means for homeowners is that they can spruce up their own homes or invest in a house to be rented out, and depending on their location, they may be able to add significantly to their annual income.
There’s lots to think about before you dive in, so let’s get started with some of the most basic questions most homeowners have when they’re thinking about transforming a space for other people. You’ll need to consider how important location is, what typical renters in your area are looking for, and how much you need to put aside every year to cover maintenance and repairs. Whether you’re updating a home you already own or want to invest in a separate house that can be used solely for rentals, there are several decisions you need to make and details you’ll need to consider, such as:
Where are the hot spots?
There are many areas around the country that have become popular vacation destinations. It’s not all about the beach anymore; people are finding that many cities have the potential for fun and relaxation, and according to TurnkeyVacationRentals Nashville, Tennessee, is one of them. With attractions like the Parthenon and the Country Music Hall of Fame and eateries like Hattie B’s--which serves up hot fried chicken to hungry visitors--there are plenty of things to do and see. If you’re thinking of setting up a rental home in an area that will attract guests year-round, take a look at Nashville.
Look at what renters want
Whether it’s lots of beds or an updated bathroom with double sinks, renters can get pretty detailed in what they’re looking for in a getaway. This is because they want to make their vacation as relaxing and stress-free as possible, and if you want to ensure a great return on your investment, it’s a good idea to give that to them. Look online and do some research into what people are looking for in your area, and think about how renters’ needs may change throughout the year. For instance, renters in the fall in Tennessee may want a hot tub, but in the summer, they may be more interested in being close to outdoor events.
Think ahead
When you’re preparing your home for guests, think ahead and anticipate their needs. It’s often the little things they’ll remember later, which will prompt them to leave good reviews, spread the word to their friends about your rental, and come back for their next vacation. Think about what they may need during their stay, such as fluffy towels, sunblock, food storage containers, and first-aid supplies. Having these little things on hand will mean the world to guests when they need them.
Set up your guests for relaxation
When it comes to figuring out the best restaurants and events to attend in a new city, it can be difficult even with the help of the internet. Having a list of recommended spots they can visit--as well as coupons or ads that will help them save money during their stay--can go a long way toward helping your guests have a blast and stay relaxed while on vacation. Keep this handy with any necessary paperwork for the rental, along with wi-fi passwords and instructions for the care and use of items like the cable box or hot tub.
Vacation rentals have become an easy and popular way for individuals and families to get away from the pressures of life, so the more you can do to help your guests feel as though they have no unmet needs during their stay, the better off everyone will be. With a little planning, you can turn your vacation home into a desirable destination for years to come.
Article contribution by Brittany Fisher
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