What’s The Best Way To Maximize Profits From Rentals?

Because of the rise of Airbnb and other similar platforms, vacation rentals have started to become more and more popular. There are almost 2 million different listings on Airbnb alone, and that number is only rising as time goes on. If you’re an owner of a vacation rental and are wanting to maximize the profit that it receives, there are a number of things that you can do to update that vacation home, leading to increased bookings and more rental income. Installing windows in Edmonton is one of the things that you can consider getting done for your vacation rental, among a list of many other updates.

Door Replacement

Aside from new windows in Edmonton for your vacation rental, installing new doors can be a way to boost its curb appeal. A door is the first thing you see upon walking up to a home or vacation rental, and it can instantly have your home making a bold statement for itself. If you’re looking around for a door, you’ll want to get one that is manufactured out of durable and material so that it will stand up against the outdoor elements without you having to constantly maintain it. If you’re puzzled about what type of door to go with, NorthTech Windows & Doors for more information to get you started.

Aesthetics

When people are going on vacation and spending their hard-earned money to rent out their vacation home, they are expecting a home that is clean and aesthetically appealing. No one wants to be going on vacation to a filthy home that doesn’t look like it’s been updated in decades. Sometimes it can be difficult to figure out how much money to spend on your vacation home. Certain updates pay off more than others, and it helps to know which ones are worth it and which ones can be done without.

If you’re just wanting to boost the aesthetics of your home, you can do so by easily visiting a thrift store and picking up unique pieces of art that will have your walls and rooms looking more stylish and fascinating. Depending on what type of objects or antiques you get installed in your home, you might potentially get more and more people talking about it, and that can be seen as cheap marketing.

If your vacation rental has been on the market for many years without any updates being done to it, then there is a good chance that you’ll want to address that. Over time, knicks and scratches will occur to your walls, and that usually goes without saying. One of the best things you can do to have your vacation home looking instantly better and more fresh is to apply a new coat of paint to it. Consider getting a little creative with the colors and try something a little different to have your walls standing out more than they were before.

Making outdoor enhancements near your vacation home is another thing that you should consider doing. There was a study done that found that nearly 83% of people said that they cared about having a nice view out of a vacation rental. You might be wondering what you should be doing if the vacation home that you’re renting out doesn’t have a nice view. In that case, you can try to make your own view by getting some artwork and creating a dining set up right outside of the home. Consider setting up a barbeque so guests can easily cook meals while enjoying the outdoor weather. Set up a couch outside that surrounds a bonfire.

Update Your Kitchen And Bathroom

Kitchen and bathroom renovations are two of the best updates that will lead to the highest return on investment. Everyone values a unique and functional kitchen, and it makes sense to invest money into it because your kitchen is a part of the home where people spend the most time. The majority of people renting out a vacation property are staying there for at least two days, so having a kitchen where they can prepare and eat their food is something that will have their stay being the best that it can be.

If the kitchen in your vacation home hasn’t had any updates for years, consider replacing the appliances and applying a fresh coat of paint to all of the cabinets. After that, retake your pictures of how things look after the renovation and them to the platform you’re using to rent out your vacation home. You might find that you’ll be getting more attention and interest from potential renters.

Simple bathroom updates can go a long way in having your vacation home feel a little more upscale. A bathroom that is dark, dreary, and dirty can quickly turn people off from renting your home. Consider replacing your old fixtures to boost your bathroom’s aesthetics.

Marketing

After doing updates to your home, you’ll want to spend time figuring out how to market it. There isn’t much of a point in updating a home if there is no visibility of it anywhere. Some people like to use social media to market their vacation properties and the more people that know your listing exists, the better of a chance you’ll have in getting it rented out.

Consider Your Guest’s Needs

Whenever you walk into a vacation property, you usually have a good idea of what you’d like to expect from it. Each guest is different, but there are specific things that are pretty standard across the board. Your goal behind your vacation home is to make life simpler for the guests that are renting it. Most vacationers don’t know much about the area they are staying around. Consider leaving some pamphlets and brochures on some of the attractions in the area. Provide information on what the easiest methods of transportation are throughout the city. Small things like this can go a long way in making sure the guest’s experience is the best it can be.

Luxury

If you’re wanting to attract more attention to your vacation home, consider involving a little bit of luxury into the equation. Some things you might want to consider purchasing for your vacation home are:

  • Vitamix blender
  • Nespresso machine
  • bathroom products
  • High-quality mattresses

Your guests might not have more than three weeks of vacation from work throughout the entire year. Because of that, you’ll want their little slice of freedom to be the most satisfying one that they can have.

Technology

Another way to ensure the satisfaction of your guests is to have smart technology in your vacation home. Things like touchpad thermostats and smart lights can make your home feel much more luxurious.

Windows In Edmonton

Having a vacation home with new windows will not only keep your home’s energy efficiency increased all year, but it will also ensure the satisfaction of your guests whenever they enter it. No one wants to be entering a vacation home that is dark, cold, and drafty. New windows can have your vacation home feeling bright, happy, and climate-controlled.