whether or not you should remodel your “rustic and charming” vacation rental? Will these remodeling costs and expenses actually bring you more revenue?
I’m sure any of you that have those “authentic” looking vacation rentals would love to be able to drop a few bucks into remodeling and updating, but the daunting thought of the expenses, construction and finding someone you can trust to remodel, can be paralyzing! And to add salt to the wound, there is no guarantee that you will see that increased revenue which is the whole purpose of going through such an exercise after all, isn’t it?
I’d like to share some thoughts we’ve found at MammothRentalByOwner.com. It seems that the greater or more complete the remodel is, the higher the percentage increase in revenue return is! For example a kitchen remodel will generate a 25% increase in nightly rental rate and a 20% - 35% increase in reservations. If you do the math, you will see there is a definite correlation and a reason to remodel. In turn the break-even point is within reach and the residuals of your renovation assure future increased income. Find your Romeo and live happily ever after with extra money in your pocket.
#mammoth395 #donthaveadump #mammothcondoremodel #mammothrentalbyowner
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