While joining the short-term rental market is a great way to add a new source of income, it has also become more and more competitive over the years. If you own a property and use sites like Airbnb or Vrbo to find renters, you’re likely looking for new ways to stand out amongst the sea of listings. While adding extra service can get you that 5-star rating, when people are looking to book a property they’re going to be most concerned with the space itself. A remodel can get you more bookings, allow you to increase the price you charge, and improve the customer experience. Keep reading to learn about easy ways to upgrade your property, and get the most return on your investment out of your short-term vacation rental property remodel.
Update the Flooring
Updating the flooring is not only a selling point for your vacation rental, but choosing a durable option will help your property remain in prime condition over the years. Luxury vinyl plank, luxury vinyl tile, and engineered hardwood are not only stylish, but are also waterproof, stain-proof options that will prevent guests from causing accidental damage. With these flooring choices you can even consider opening your property up to pets, which is a serious competitive advantage in many short-term rental markets.
Add A New Roof and/or Windows
A new roof may not be the sexiest upgrade, but it can boost your ROI by saving you on monthly energy costs. If you have long-term renters, a lower utility bill is a huge selling point as well. A new roof can save you up to 40% on yearly energy costs depending on the material used.
New windows have both aesthetic and practical benefits. When it comes to marketing your property and guest enjoyment, the more light the better. A new window can also highlight a beautiful view, or create a statement in the space. Replacing your windows can save you up to $465 a year on energy costs according to the Department of Energy.
Upgrade the Lighting
Old light fixtures will age a space, but luckily upgrading lighting fixtures is the easiest thing to complete on this list for many property owners. Feature and pendant lights, as well as chandeliers, are quick to install if you’re replacing an existing light. If you’re already happy with your feature lighting, there are also some low-effort luxury upgrades you can make. Adding in under cabinet lighting is a quick project that can elevate both the kitchen and bathroom areas while also minimizing tripping hazards. Back-lit LED mirrors are another easy upgrade that will make your bathroom feel more modern while bringing maximum functionality to your guests.
Replace the Cabinetry
Outdated cabinetry can hold a kitchen, and a listing, back. A property’s aesthetic is a key piece of what drives people to book, and the impact of new cabinetry can completely transform an older kitchen. People want to feel like the space they’re renting is energizing and fresh, and updated cabinets are a great way to accomplish that.
Add Granite or Quartz Countertops
This is another upgrade that will not only increase the price you can charge for your listing, but will also benefit your property in terms of durability with guests. Granite and quartz countertops are some of the most durable countertop materials, and are very resistant to heat, staining, chipping and scraping, as well as mold and bacteria. They are not only beautiful and instantly update any space, but serve a practical purpose for your short-term vacation rental. It’s important to note that you should not try and install a granite or quartz countertop yourself, a professional installation is necessary to ensure that the material does not crack during the process.
Straight Line Construction Can Help with All Your Short-Term Rental Remodel Needs
From sourcing quality materials to helping you plan and complete your remodel, Straight Line Construction does it all. Visit one of our showrooms in Gainesville or Ocala to browse our wide selection of products, consult with our design specialists and contractors, and take the first step towards generating more income from your short-term rental. Our team of experts is always ready to help you.