Renting out your property for short-term stays can be a lucrative business venture. Not only does it provide you with an additional income and the chance to earn some passive income, but it also allows you to enjoy some of the benefits that come with owning a house, such as having a place to stay when you’re on vacation, renting out your house for film shoots or hosting events like weddings.
In this article, we’ll explore how to rent out your property for short-term stays and what steps you should take in order to maximize the value of your home!
Keep your property clean and in good shape
One of the most important things you can do to increase the value of your rental property is to keep it clean and in good shape. This means keeping the exterior and interior of your home in top condition and regularly cleaning it. Make sure to mow the lawn, trim the bushes, and clean the windows and doors regularly. If your property is messy or cluttered, it will be much harder to find tenants and you may even end up losing money.
Make the area well lit at night
It’s important to make the area well-lit at night because it helps keep people safe and secure. It also deters criminals from targeting your home or business. By making the area well lit, you’re not only making it safer for yourself and your loved ones, but you’re also sending a message to potential criminals that you’re taking security seriously, and they won’t be able to get away with anything while in your vicinity.
Add a porch swing or bench for relaxing
Adding a porch swing or bench is a great way to increase the value of your rental property. Not only does it provide your guests with a place to relax, but it also creates a cozy and inviting atmosphere that will make them feel right at home. Plus, it’s a great way to show your guests that you care about their comfort and well-being!
Include lots of thoughtful details when furnishing your rental
When furnishing your rental, it’s important to remember that you’re not just trying to make the space look nice – you’re also trying to create a comfortable and inviting environment for your guests. By including lots of thoughtful details, you can make your guests feel right at home and help them enjoy their stay even more! Some things you may want to include are adding personal touches like photos or artwork, providing plenty of seating and storage space, and stocking the kitchen with basic supplies.
Paint the exterior a striking color that will stand out from other homes nearby
Paint the exterior a striking color that will stand out from other homes nearby. Paint is not only an effective way to make your home stand out, but it also acts as protection for your home and prevents outside damage like small rocks, dirt, or grime from ruining the foundation of your property and potentially costing you tens of thousands in costly repairs.
Invite guests over for cocktails or BBQs to build a sense of community with neighbors
There are a number of reasons why you should invite guests over for cocktails or BBQs to build a sense of community with your neighbors. For starters, it can help to strengthen the relationship you have with them and make them feel more like part of the neighborhood. Additionally, it can be a great way to get to know them better and find out what they’re into. Lastly, it can be a fun way to socialize and meet new people!
Install hot tubs
When it comes to increasing the value of your rental property, installing a hot tub is definitely a step in the right direction. Not only will this amenity be a major draw for guests, but it can also help to increase occupancy rates and drive more revenue. In fact, studies have shown that people are willing to pay more for a rental property that has a hot tub, especially spacious tubs that fit two people– so if you’re looking to maximize the value of your home, this is definitely an investment worth considering!
Conclusion
If you’re looking to increase the value of your rental property, there are a number of steps that can be taken. From making the exterior and interior well-kept and clean to installing features like hot tubs or adding thoughtful details when furnishing your home, these tips will help make your property more attractive while also maximizing its value!
