Most travelers opt for Airbnb because it tends to offer options that are far more affordable than commercial hotels. For instance, for the same price as a small hotel room, you may be able to rent out an entire apartment or house. Other travelers are drawn to Airbnb for the unique properties they can find. While hotel rooms tend to be pretty standard, Airbnb rentals are full of variety. Guests may get to stay in a Victorian mansion, a luxury treehouse, or a rustic cabin - they can never tell.
Whether you're a seasoned Airbnb host or you're planning to become one or just even starting out with an old property, this article sheds some light on how you can revamp a space and carry out renovations to make it more appealing to travelers, without potentially breaking the bank.
There are many reasons why property owners upgrade and renovate their short-term rentals listed below are some obvious ones and some very strategic ones.
As the popular saying goes, nothing lasts forever. When it comes to your vacation rental wear and tear is only going to get that much more frequent. It is almost common sense to realize that guests are not going to be as careful with appliances and furniture around the rental as they are when it comes to their personal belongings.
When it comes to homeowners, a rookie mistake is trying to stay in the trend when they first decorate their rentals. However, trends change, some trends sooner than the others, often leaving behind heavily outdated and sometimes impractical pieces with big price tags.
Whether it is jumping on the green bus to make your Airbnb eco-friendly or making it pet-friendly to widening your target audience or perhaps targeting a whole new segment of customers altogether it does not come without making a few changes around the house.
Whether it’s Christmas or Halloween festive seasons call for some extra trinkets around the house that help keep the surroundings relevant. Whether it’s lugging around a 6-foot-tall Christmas tree or cutting up faces on giant pumpkins it doesn’t come without planning.
Consider getting rid of your carpet and refinishing those hardwoods. This project involves a lot of sanding and then finishing off with a sealant. You can also stain your floors if you want them to be a certain color. Refinishing hardwoods can be work-intensive, but it's not an expensive project, and you may be able to finish it in a weekend.
If you need to install new flooring, there are a lot of great flooring options that won't break the bank. You can always focus on the spaces your guest will use and only redo the flooring in those rooms to save money. Consider finding wood laminate flooring on sale or going for something more unique that's still affordable, like a polished concrete floor.
Even something as simple as some hooks on the wall, a shoe rack by the door, or some free closet space can make a big difference for guests. Airbnb recommends you have at least eight empty hangers for guests to hang up their clothes. No matter what you do, upgrading the storage in your home can be a really inexpensive project, and you may be able to finish in a single afternoon. Try as much as possible to maximize the space of your Airbnb.
Especially if you plan to rent out your home for longer stays, your kitchen may be a determining factor for guests. After all, one of the advantages of an Airbnb over a typical hotel for guests is that they have access to a kitchen. But what if your kitchen looks outdated and needs a facelift? Kitchen remodels are famous for the return on investment (ROI) that homeowners can expect from them. However, you may be surprised to know that minor kitchen remodels have a much higher ROI than major ones.
This means you can update your kitchen and see great results without emptying your savings account. One great way to do this is to paint your existing cabinets and replace the hardware if necessary. If you have a little extra to spend, consider replacing a couple of your cabinet doors with glass doors. Another great way to upgrade cabinets is by adding crown molding to the top for a sophisticated finishing touch.
Even if your kitchen is small, you can dedicate a corner to a coffee cart or corner shelf complete with a regular coffee maker, French press, a grinder, and a container of fresh coffee beans. Add a small table with two chairs or stools, and your adorable coffee nook is complete. Make sure to highlight this area in pictures, and get ready for the coffee-lovers to pour in.
Pro Tip: Add some interesting books that are rare finds by the coffee table and your guests will leave a Thank You note after their stay.
It's amazing the difference a fresh coat of paint can make in your home. Painting is a great way to freshen up a space and make everything pop for a relatively low price. To keep it as affordable as possible, watch for a paint rebate promotion from major paint brands or home improvement stores. If you're overwhelmed by the question of what color would look best on your walls, remember that you can't go wrong with white. "Greige," a combination of gray and beige, is also a great neutral that is trending right now.
If you're not sure how much paint you need, Better Homes & Gardens offers the following formula — add the widths of all walls you plan to paint, then multiply that number by the height of your walls and divide the resulting number by 350, which is the square footage one gallon of paint will typically cover. This will tell you how many gallons of paint you need.
Here are a few budget-friendly ways you can create an accent wall:
Paint: Choose a bold color like navy, orange or bright green and paint your accent wall this color. Do some research to see what colors are trending right now. You may also want to pull out a color that pops up in some of the decor in the room.
Decal: A wall decal can turn any plain wall into a work of art. Decals come in rolls or sheets and are made to simply peel and stick, so they're an exceptionally easy and relatively inexpensive way to dress up a wall.
Wallpaper: Wallpaper may seem like a thing of the past, but an accent wall with a modern design wallpaper on it can look extremely chic. Wallpaper with a more traditional design is a great choice if your home has a more rustic or antique feel.
Wood: Covering a wall in wood planking creates a beautiful look that looks right at home in any space, from ultramodern or industrial to a shabby-chic farmhouse. Before you head over to a hardware store for lumber, look for any free or inexpensive used wood you can reclaim.
A picture of a beautiful, updated bathroom will instantly give guests visions of being able to bathe and get ready in a luxurious, relaxing atmosphere. Unfortunately, if your bathroom walls are covered in tile from decades ago, then it's nearly impossible to make it look modern. By replacing that pink or floral-print tile, you can turn your dated bathroom into a more contemporary and upscale room that guests will love.
To remove the old tiles, use a utility knife to score the grout around tiles, and then use a chisel and hammer to pop off the tiles. Once the old tiles are removed, you have several different options to consider. For example, you can sand the walls and paint them, you can purchase new tiles to replace the old ones, or you can go an even easier route with laminate that looks like tile. Whatever you choose, the chances are that it will be a big improvement on those dated tiles.
Pay special attention to the lighting in the kitchen and dining areas. Ultramodern and upscale light fixtures can look stunning, but they can also be extremely costly in some cases. To save, skip the middleman and buy directly from the manufacturer. You can also look for antique lighting fixtures at your local flea market and upcycle them for a truly unique piece. A great way to spruce up existing light fixtures is by adding a ceiling medallion around them. These molded medallions which come in a variety of designs are sure to introduce some elegance into a space.
If a more serious renovation sounds daunting, remember that you can add a great new look to a room simply by updating the decor. Bring the look of a room together by choosing a theme or particular style to stick to. Whether you want to go minimalist, traditional, or bohemian, you can add a few key pieces to the room to make it more inviting and look more polished.
A new bedding set, new wall hangings, new curtains or an accent piece are all great additions to your Airbnb. New decor will make your room feel clean and put-together. If you have leftover pieces of crown molding from a previous project, you can use them to frame out a beautiful DIY wall mirror, which will also make the room feel bigger. Whatever decor you add, just remember not to clutter up the space so guests have plenty of room to set their own belongings. When potential guests see a beautifully decorated room in the listings in your area, they may be drawn to yours instead of others.
Pro Tip: Consider eco-friendly vacation rental decorations when designing your interior.
An excellent way to dress up a space is to add crown molding. Polyurethane DIY crown molding is the perfect architectural detail to make any room look more complete and more high-end. Some people may shy away from this project because they think it's too expensive or too difficult for a DIY project. If you choose a crown molding kit from Focal Point Products, then you'll be pleasantly surprised by how inexpensive and easy this renovation project is.