Making Your Rental Property Desirable and Profitable
Owning a vacation home can be a very profitable investment, but do you know your rental audience? Knowing who you’re renting to and what vacationers want when they come to visit can make a world of difference to your home, your rental year, and your wallet! Here are some top tips of what vacationers want when they come to spend time and make memories in your rental.
A few quick facts: Most people coming on vacation bring their families (pets included). Vacationers are willing to pay extra for pet-friendly rentals that have larger yards and space indoors. Millennials are slowly beginning to rent more lavish homes, their taste is more expensive and they are more likely to rent a home with their friends.
Top 3 Things Vacationers Look For In A Vacation Home
1 // Cozy Kitchen
While there are a ton of amazing restaurants to try while on vacation, guests actually use the kitchen more than you would guess! 2 out of 3 meals eaten on vacation have been cooked in the rental home. Only a handful of people actually eat out for every meal while on holiday.
Renters look for easy to use, updated appliances when searching for a rental home. Little things like easy to clean surfaces, stainless steel appliances, and even a wine opener will up the success of your rental property.
2 // Outdoor Entertainment
When guests arrive on vacation, their number one priority is relaxation! Guests enjoy unwinding outside and grilling out. They are willing to pay extra when homes have updated and well kept outdoor areas.
Hot tubs and pools add so much value to your rental property as well.
3 // Location
Renters, especially visitors to the Outer Banks, want to be close to the beach. Obviously you can’t up root your home but if you’re close to some of the best Outer Banks attractions, make sure that’s advertised! When people go on vacation, convenience is the number one need!