Posted on April 7, 2020
How to Turn Your Michigan Home Into a Destination
Vacation Rental Makeovers: How to Turn Your Home Into a Destination
Vacation homes have gained popularity over the years due to their affordable nature and the benefits of having a full kitchen and plenty of places to sleep. Families have benefitted from these homes all around the country because they allow for much more comfort and privacy than a hotel and are often cheaper. Recently, many homeowners have turned to creating a vacation getaway out of their own homes, offering up a stylish and comfy place for couples and families to take refuge during their travels. With the sharing economy booming right now, it makes sense to move into the world of renting, especially if you live in an area that gets frequent visitors.
There are some things to consider, however. Turning your home into a spot for paying guests often requires changes and updates, such as more places to sleep, added security with keyless locks, and safety features that will attract guests and keep them coming back. You’ll need to work out a budget for updates, look into changing your insurance to make sure you’re covered while guests are in your home, and figure out how best to fill the house with furniture and necessities so their every need will be taken care of. Here are a few things to think about when you want to turn your home into a destination vacation rental.
Add Spaces for Sleeping
Making an investment in your home — whether it’s an existing property or one you’re buying specifically to turn into a rental — can be a big jump, and it can create some anxiety when you’re spending a lot of money to get things ready. However, the right changes can get you a big return on your investment. Think about adding more places to sleep by utilizing pull-out couches and bunk beds; this is one of the first things a renter will look for. You can also update the kitchen and bathrooms or add a small hot tub or game room.
Anticipate Your Renter’s Needs
When someone rents out a place to spend their vacation, they typically want to have everything they need right there. The kitchen and bathrooms should be well-stocked, internet access should be provided, and there should be comfortable bedding to make their stay as enjoyable as possible. Think about how to make their time in your home fun, safe, and comfortable so that they will want to come back next year — and the year after that!
Work With a Good Agency
When it’s time to rent out your home, make sure you choose a rental management company that strives to provide quality service for all your guests. A top-notch agency typically ensures your home is professionally cleaned before each guest arrives, offers round-the-clock support, and consistently updates bookings so that you stay on track with who’s staying in your home and when. Working with a good vacation rental agency helps to ensure that guests’ stays are consistently enjoyable.
Keep It Safe
There are certain safety considerations to take when you own a rental home. From making changes to your homeowners insurance to ensuring that there are security upgrades, you’ll want to make your guests feel safe during their stay. You don’t have to spend a ton of money, either; by planting prickly shrubs beneath ground-floor windows and trimming taller ones to eliminate hiding places, adding motion-sensor lighting, and placing a keyless entry system on the doors, you can update the home’s security features without breaking the bank. If you’re willing to spend extra, you can also have a home security system installed.
Turning a home into a vacation rental takes some work, so give yourself plenty of time to get everything done, and start with a good budget to ensure that you can stay on track with updates and other changes. With some preparation, you can turn your house into a getaway in no time.