Why update your vacation rental?
Guests expectations are changing. They are becoming more sophisticated, demanding and harder to please, and as owners you need to be constantly upgrading, improving and one step ahead of the competition to keep occupancy up and reviews positive. Guests want to stay at a property that is nicer than their own when on vacation.
Any realtor will tell you what upgrades will yield the best return on your investment when you sell a property, they will almost always tell you to focus your remodeling efforts on the kitchen and bathrooms.
Making improvements on a rental property can also help you with a great return on your investment. Every upgrade that you make will allow both you and your guests feel more comfortable and at home in your property.
Upgrades will capture the attention of prospective renters and give your home a wider appeal. Not only do guests appreciate upgrades, but it also helps them to see the care and attention that you have put into your property. Guests that connect emotionally to your property can become repeat visitors who may recommend your property to even more potential visitors.
The following are among the most common suggestions and requests from guests:
Color is always an inexpensive way to update and brighten your property. Accent colors photograph well, and make your property stand out among the competition. Deep, rich colors also photograph well, and make the property appear more desirable on listings and in advertisements.
Yes, guests do cook while they are here and it is one of the reasons why a vacation rental is so much more appealing than a hotel room. Make sure you have everything you would need to make a meal and more to make sure guests cook happy during their stay.
Consider replacing your bedding every two to three years. Replace your outdated or worn comforters, bed skirts, and decorative pillows with fresh, relaxing or brightly colored accents. Guests want a comfortable mattress for their stay and if it's not, they won't be back.
While you may not win a reservation based on your lamps with usb plugs, wine fridge, bluetooth speaker setup, gaming system or dimmable lights, you may win the guest for a RETURN visit with all of the little 'extras' you put into your property!
Even if you are not planning on a complete remodel, simply concentrating your efforts on a few key improvements can lead to cost effective ways to increase the number of rentals in your property.
The work of a professional can make all of the difference. Whether your home has 1 bedroom or sleeps 18, it can be tricky to create a cohesive look that is representative of your style. That is where an interior designer comes in. A home decorator will help distill your tastes and ideas into a design that suits the needs of your space.
Since SummitCove markets each of the properties that we manage on an individual basis, ultimately the guests chooses which decor and style that they would feel the most comfortable lodging in during their vacation.
Several companies in Summit County have been doing outstanding design work in Keystone for years with great results. We recommend you find a company with friendly staff who listens to all of your ideas to fully implement a design from idea to delivery and setup. An interior designer can help to make your vacation property appealing to more guests, and will give you the best rental potential. Interior decorators are also expert marketers, and they are able to help with staging and presentation for photos and video tours.
Set up a personal consultation today with us and find out what you can do to bring the highest possible revenue from your Keystone property. We can make recommendations and even refer you to a local designer.
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