Developing a House for Short-Term Renting
If you are in the process of trying to sell a home or are waiting for the right time to move, there is always the option of holding on to the property and banking some extra cash. In recent years, the short-term rental market has exploded world-wide. Convenient mobile apps and websites dedicated to providing accommodations for travelers are abundant, so consider fixing up what you currently own and make some dollars along the way.
Renters are looking for nice, clean spaces to stay while visiting new areas. A few locations to spruce up around the house include flooring, fixtures and furniture. Replacing worn down vinyl linoleum or dirty carpet is a good first step. Installing a long-lasting base using provenza floors or similar hardwood provides a sleek first impression upon entry. Perform a quick scan of all wall fixtures such as towel racks, knobs and window accessories to ensure they all function properly. If any furnishings are showing signs of wear, especially in the bedroom, switch them out for something more functional.
Check Local Ordinances
Given the popularity of these types of rentals, most cities have instituted rules to govern the practice. Some towns may have a cap in place that limits the number of properties that can be in operation at one time. You will more than likely be subject to inspections from the fire department or city to confirm that all guidelines have been met. Although it may be inconvenient, these reviews are necessary for safety and liability reasons.
Create a List of Expectations
Open the lines of communication with your guests by providing them with a list of contact numbers and rules to follow when they arrive. You can also include short explanations of how to operate different amenities such as saunas, pools or appliances. These short descriptions will save many calls made to you and make renters’ stays more enjoyable.