If you've ever come across outdated vacation rentals while researching accommodations or checking out your competition, you know how crucial it is to give your own vacation home a fresh and inviting look. Whether it's a simple revamp or a complete overhaul, neglecting necessary upgrades can result in lost bookings and rental income. In this blog post, we'll explore why renovating your vacation rental is essential and provide stress-free tips to help you through the process.
Why should you renovate your vacation rental? The stakes are high when it comes to upgrading your vacation rental over time. Beyond losing bookings to competitors, renovations offer several benefits:
Increased bookings: Today's travelers prefer modern aesthetics and updated amenities. By keeping up with their preferences, you can attract more guests and remain competitive in the market.
Higher rental income per night: Upgrading your vacation home not only appeals to guests but also allows you to charge a higher rate. A well-appointed kitchen, stylish decor, and quality furnishings can make your rental more desirable, enabling you to maximize your rental potential.
Better reviews: Attention to detail matters. Guests notice outdated furniture, worn-out fixtures, and lackluster appliances. By prioritizing repairs and upgrades, you can ensure positive reviews and maintain a stellar reputation on platforms like Airbnb and Vrbo.
When is a good time to renovate your vacation rental? For minor improvements, you can easily fit them in without disturbing guests. However, for more substantial renovations, it's best to schedule them during your slow season when bookings are minimal, allowing you to complete the work without inconveniencing guests.
What should you consider before upgrading? Before diving into renovations, consider these factors:
Your budget: Renovations can be a significant investment, so set a budget in advance. Prioritize cost-effective changes that have a significant impact, such as repainting cabinets or replacing hardware.
Durability: Choose materials and furnishings that can withstand wear and tear from guests of all ages. Opt for hardwood frames, outdoor upholstery, and lumber for outdoor furniture.
Housekeeping: Think about the ease of cleaning and maintenance. Select items that are easy to clean and require minimal upkeep, like hardwood flooring and machine-washable rugs.
Guest preferences: Tailor upgrades to the preferences of your target guests. Consider families with children or couples seeking privacy and relaxation. Make improvements that resonate with your primary audience to stand out from the competition.
What should you upgrade? To add value, boost bookings, and earn rave reviews, focus on these common upgrades and renovations:
Kitchen upgrades: Start with the kitchen, as it's a key selling point for vacation rentals. Update appliances, replace hardware, upgrade flooring, install a new countertop, paint or refinish cabinets, and enhance lighting to create a modern and functional space.
Bathroom upgrades: Transform your bathroom into a spa-like retreat without a complete overhaul. Replace the showerhead, upgrade faucets and hardware, update lighting, add art, paint walls or apply peel-and-stick wallpaper, and increase storage options.
Bedroom upgrades: Create a cozy and luxurious experience for your guests by replacing mattresses, adding textural elements, incorporating ambient lighting, providing a workspace, upgrading bedsheets, adding a headboard, installing window treatments, and updating hardware.
Living room upgrades: Elevate the centerpiece of your vacation home by replacing outdated TVs with smart TVs, adding a statement rug, updating couch