You’ve decided to rent your home on Airbnb, but you feel that the rent for your current space is not satisfactory. However, there is no need to despair since there are many ways how you can boost the value of your property and attract more tourists than anybody else. For instance, expanding your home would be the right way to go. In order to help you out, we’ve prepared a list of some great ideas on how to achieve this and thus increase your rental price significantly. Let’s take a look.
Kitchen is the most important
Unless you plan on renting your home for a night or two only, you must invest in the kitchen. For example, if your kitchen is too small and crammed, think about tearing down the wall between it and the dining room and thus opening up much more space. Additionally, if you’re not tight on the budget, think about opting for smart appliances like a refrigerator with a wi-fi connection which can keep track of product expiration dates and stock. Owing to such an investment, you’ll be able to compete with luxurious hotels and boost the value of your property since around 60% of people strongly believe that having one is worth the increased cost.
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Turning your basement into a living area
Another great solution if you want to expand your home is simply to turn your basement into a living area. Additionally, make sure to add a separate entrance in order to achieve the same result you would by turning your home into a duplex. The greatest thing about this is that such an investment will increase the value of your rental by about 70%. For instance, if you invest $1,000 into its remodelling, the value of the property will increase by around $700 which will definitely pay off in the long run. However, you should make sure to get rid of all the moisture and mildew which can often be found in basements before the work begins so that they don’t spoil your beautifully redecorated walls and flooring.
Enhance your bathroom
You simply can’t expect your home to be considered sophisticated and luxurious unless it has a beautiful and spacious bathroom. Of course, if you can’t fit everything inside of your existing one, feel free to expand it to the outside as well. Then, you can start by beautifying it from the ground up with fabulous geometrical tiles that look simply mesmerizing. Additionally, high-end bathtubs have become every modern homeowner’s dream since they add elegance and splendour to every bathroom design. On top of this, such an investment will definitely attract a lot of tourists on Airbnb who will be ready to pay extra to rent a chic place such as this one. More importantly, make sure to invest in smart storage solutions for your bathroom since this is something that everybody would appreciate. For example, our favourites would definitely be sliding drawers underneath the sink, or woven baskets since they are easy to move around and can be reached by children as well. Finally, installing a few shelves would be the right way to go if you want to make a good use of vertical space and still keep the floor free for other furniture.
Don’t forget the outside
Finally, another super-cool way to expand your house is by building a comfy patio where one can have a nice meal or simply sit down and enjoy their favourite book. On top of that, hanging a hammock will definitely sweep everybody off their feet and provide you or your tenants with the perfect place for afternoon naps. Finally, if you want to turn your backyard into a true oasis of peace, don’t forget to plant a beautiful colourful garden and make a stone path leading through it so that everybody can enjoy short strolls around the yard. Of course, if you don’t have a green thumb, you shouldn’t worry since there are various low-maintenance species that you can opt for.
As you can see, you can easily expand your home and thus double its value. You just need to choose the most adequate option for your place, make a plan and stick to it. Finally, feel free to experiment with all these options and don’t shy away from expressing your creativity. After all, uniqueness is what attracts people the most.