3 Outdoor Luxury Amenities to Add to Your Vacation Rental Property
While the location of your rental will determine the best amenities to add to it, below are some luxuries that can benefit almost any rental property.
04/08/2021
Introduction
If you’re the owner of a vacation rental property/holiday home, then you’re probably aware of how certain home features can attract guests wanting to rent your property. Although homes with luxury amenities see more guests, homes with the very basic things also see their fair share of renters. Knowing that, you might be questioning if it’s even worth it to add luxury to a rental property?
The answer is YES!
Vacation rentals are unique, as you can rent to guests on vacation, or you can even use it for yourself. When renovating/adding on to your vacation rental, it’s important to think: What would my guests like? Is my rental in a quiet, secluded location, or is it near a lot of activity and attractions? While the location of your rental will determine the best amenities to add to it, below are some luxuries that Stringer Residential Management experts say can benefit almost any rental property.
#1: An Outdoor Living Space
You may rent your vacation home to guests that are a group of friends traveling or to a family that wants to spend time away together on vacation. Either way, an outdoor living space is a good area for any group to relax and entertain. This can be in the form of a patio that extends from the house or a pergola that stands alone in the backyard. Either way, this is a cozy addition to your vacation home.
Your outdoor living space can include all of the comforts of the indoors, including cozy furniture and even a TV. You can also add a fire pit to make evenings even cozier. Families and friends will be able to gather together for an evening of fun and enjoyment. Again, this can benefit you as well, since you’ll be able to enjoy your own rental from time to time.
#2: An Outdoor Kitchen
While you are thinking about adding an outdoor living space, an outdoor kitchen will go along nicely with it. This can include a refrigerator, sink, and stove, or even a grill. Some may even choose to add a bar to the outdoor kitchen area. If you’re wanting to add an outdoor living space, then you should consider adding an outdoor kitchen, or at least a small one. It can be a huge inconvenience for your guests to have to keep entering the house to bring food and drinks outdoors. Therefore, it would be an excellent attraction for your guest if you set up a functional and fabulous look in your outdoor area when you design your outdoor kitchen.
An outdoor kitchen provides convenience to those who wish to have gatherings outdoors. However, if your property is in a location where there are a lot of attractions and events taking place, it may not be worth it to add a luxurious outdoor area, as your guests may not use it much.
#3: A Pool
Who doesn’t love a swimming pool? Adding a pool to your rental property will definitely increase the value of the property. In addition to your outdoor living space and kitchen area, a pool is another perfect addition for relaxation and entertainment for your guests. Rental properties that have pools also tend to make more money, but you can use a rental property calculating tool to see exactly how much your rental property can make.
A swimming pool (and any other added amenities) will also require more property maintenance. If you maintain your property yourself, this adds some extra work, so it may be a good idea to hire a property manager for help. You should also be aware of the fact that swimming pools add an extra liability, due to the potential for slips, falls, and even drownings. It’s important to make sure that you have the proper insurance to cover this, which can also cost you more money.
Conclusion
Though all of these luxury amenities come with costs and risks, they are still likely to draw more guests to your property--- making you more money in the long run. It’s important to be sure that you are in a financial situation that allows you to add these amenities to your rental property. This also includes any maintenance that may be required to keep these amenities working properly. Remember, no guest wants to rent a home with luxury amenities that do not work.