More and more people are finding creative ways to make money and get out of debt, securing an additional income or two. One of the ways in which you can do this is by turning your home into an AirBnb that will make you a significant amount of money. If this sounds like an idea that you can get behind, keep reading to see some helpful tips that you can use to turn your home in Cali into a great AirBnb and start attracting people to stay in it, possibly making a significant amount of money in the process.
Do Thorough Research
As with any other business idea, one of the first things that you do so that you can turn your home into a great AirBnb is to do thorough research. This includes learning what your home has to offer in terms of what people are looking for on AirBnb. To this end, you could look at other homes in your area and take a look at what they each offer and the prices that they’ve each set for their properties.
You also need to evaluate your home to see if it can make a good short-term rental property. This may involve doing some renovations to make the house more appealing and relevant to the market. If you decide to do renovations, remember that you’ll need to set aside a budget for the work. For this, keep in mind that overtime pay is required after eight hours in a day and 40 hours in a workweek in California.
Find Out What’s Trending
After you get an idea of what your house has to offer and the prices that other hosts in your area are charging, you may want to check to see what’s currently trending. You can be sure that people looking to book short-term rentals are bound to want to live in a space that’s modern and that meets a certain aesthetic. On this note, 12.43% of bathrooms are made with a modern design aesthetic. You can choose whatever theme or aesthetic you like, as long as it works out perfectly and has a good flow throughout the house, keeping things modern and appealing.
Think About Your Target Market
Next, decide what target market you want to appeal to with your property. This should help you figure out important details of your property, including the price to set, the decor to set up, and even things like the availability of bookings. If you intend to target families, for instance, you’ll need more space and more amenities than you would need if you targeted individuals instead. On this note, keep in mind that 60% of buyers last year said that it was extremely important for them that a home included a guest or spare bedroom, according to Zillow. That said, you should make sure that you have the necessary space, layout, and facilities that your target market would like so that you have a chance of getting picked over your competition.
Remember to Write House Rules
Finally, remember to write down the house rules so that the guests you host know what to do and what not to do. Giving the people that you host a clear set of guidelines is sure to help you avoid ending up with issues, and it can also ensure that your guests enjoy their stay. Since it’s your house, you’re free to set rules that apply to your property, keeping in mind that you can also change these every now and then.
With these tips, you can get started on changing your home in Cali into a great AirBnb. The hardest part will typically be the start, but once you get this out of the way, you can be sure that the rest will be easy to do. You could even learn as you go, making various adjustments over time so that you end up offering an impressive experience to future guests.
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