5 Ways to Increase Value and Drive More Bookings in your Vacation Rental Property
Looking to increase bookings and entice guests to come back to your property for years to come? Its imperative that you keep up to date on your property’s value and offerings. Here are just a few easy ways you can do so, without breaking the bank.
- Keep Up With The Times: Why do people go on vacation? For most, it is to escape reality, unplug and relax. Therefore, when travelers are booking a vacation rental, they expect the same amenities they have at home, if not, more. The best vacation rental property owners keep up with the times when it comes to design and décor, amenities, and technology access.
- Boost Curb Appeal: Nothing sells (or rents) a property like eye catching, attractive curb appeal and it doesn’t need to be difficult or expensive! Keep a freshly mowed lawn, clean gutters, and simple, low maintenance landscaping to show your property at its best from the time your guests arrive.
- Focus on Kitchen & Baths: It’s no secret in the real estate world that kitchens and bathrooms are what sells a house; and the same is true for vacation rental properties. If your rental’s kitchen or bathrooms look outdated or are missing necessary gadgets or tools, the value of your property will decrease significantly. Several features guests tend to love include updated light fixtures, trendy backsplashes, stainless steel appliances, soft water shower heads, and fun kitchen tools like espresso machines, ice cream makers, or electric mixers. Also be sure to have plentiful dishes, silverware and bakeware. Folks often elect to book vacation rentals opposed to hotels for the convenience of having a fully stocked kitchen… don’t make them regret it!
- Monitor Your Pricing Strategy and Adjust when Necessary: Its imperative to do your research and ensure your pricing is on point when going live with your property, and don’t be afraid to adjust when necessary. If your vacation rental has high vacancies during periods that your competitors are booked, its usually due to pricing.
- Consider Partnering with a Professional Vacation Rental Manager: Managing a vacation rental property can be a full time job and if you don’t have the time, energy or resources to dedicate to your property, you may be missing out on bookings and ultimately, rental income. When partnering with a full time, professional vacation rental manager, in most cases, everything from marketing to housekeeping and maintenance is taken care of by the manager. They will monitor your pricing, perform inspections, ensure your property is at its best before and after all guests, and so much more. This can be a real game changer for many vacation rental owners!
Interested in learning more about ERA Team VP’s vacation rental management services or interested in receiving a free vacation rental property analysis? Contact our vacation rental team today!
Posted on 09/06/2023 in Uncategorized