An upgrade to a vacation rental can increase its value, only if it is done right. It could be an expensive replacement or a simply ingenious idea that will brighten up the property. With the right upgrade, happy clients will not only return but also recommend your property. Besides, you will earn more money should you decide to sell it.
A vacation rental is a home away from home. You have to make your clients feel at home by providing an out-of-this-world experience. If you own a piece of luxury real estate in Kansas City, the right upgrade, with the right amenities, can increase your income. The following tips will help you to determine updates that will add the most value to your property:
Interior design and utilities
A fresh coat of paint signifies a well maintained and luxurious property. Your choice of color can excite or deter guests. Therefore, stick to a neutral shade. If you want variety, you can achieve it using props like cushion, curtains, vases, and artworks. The kitchen, living room, and the bathroom are some of the most used rooms in a house. Replace old and worn-out fixtures in these rooms, polish them up, provide clean and quality linen, and make sure the facilities are up-to-date.
Landscapes with their greenery look great, but sometimes they can be backbreaking and expensive to maintain. To add manageable value to your vacation rental property, go for local drought-tolerant perennials that will consistently green-up the compound with minimal investment. Mature trees and stones improve surroundings with little input, too. Other options that you can consider include an outdoor patio with comfortable furniture, a grill, and a fireplace. Providing amenities that would leave guests with nothing but happy memories should be your priority.
A hidden jewel is worth nothing. Whether you have the best property with superb facilities, if nobody knows about it then you won’t make anything out of it. Aggressively market your property to let the world know about it, and the subsequent flow of quality traffic will add value. List your vacation rental in top travel journals or online sites. Make sure that the features and amenities that you are advertising are available in your property. Bookings and feedback from guests will improve ratings and generate value for your property. Misleading adverts can hurt your brand.
When it comes to vacation rentals, you have to add value to your investment for you to be ahead of the pack. For your vacation rental to attract and retain high-value clientele, you need to think fast and smart. Get to know what is causing jitters in the marketplace. Fix and upgrade in and out of the house. The old mentality of build and they will come never works, so showcase it.
While this might sound like a lot of work, you can outsource the process. Remember that there is no way to improve value without doing some work. Besides, if you are looking to sell your property and get something meaningful from it, these upgrades will help you place your property in a prime position.