Investing in amenities can significantly boost the attractiveness and profitability of STRs.
Pools, Tennis Courts, Trampolines, Pergolas, Hammocks — these amenities enhance guest experience and can justify higher rental rates. Properties with pools can command up to 20% higher rates. For mountain cabins Hot Tubs have high ROI, can add an 8% higher return on the property. Fire Pit, Game Room — Essential for creating a cozy, entertaining environment. Great for group bookings and parties.
Guests pay more for unique experiences. Amenities like sandboard rentals, pickleball/basketball courts, bocce, kids playscapes, corn hole, and mini-golf can significantly enhance guest satisfaction and justify premium pricing.
Highlight your amenities in the first five photos of your listing. This strategy captures potential guests’ attention and showcases the unique features that set your property apart.
Short-term rentals offer lucrative opportunities, especially when you invest in high-ROI amenities. By focusing on guest experiences and strategically marketing your property, you can maximize both cash flow and property value. Remember, the key to success lies in understanding your market, complying with regulations, and continuously enhancing your property’s appeal.
Services like AirDna.co provide analytics to plan your investments. There are services on the market providing turnkey solutions, e.g. Techvestor.