There are many things to consider when you look at the possibility of renting a cabin. All things from design, property value, and tenant agreements are significant components if you’re looking to buy or build a property to turn into passive income. Read on to learn about the process and incentives.
To achieve your goal of successfully renting your cabin, it’s beneficial to view the property from the renter’s perspective. Think about the things the surrounding areas offer, local events, environmental conditions, the residents of the area, and the overall attraction of your location. Additionally, be mindful of the cost of the property and how you will accurately capture its value fairly for your renters and visitors. Let’s explore more details!
Know What and Where To Build
Knowing the best location to build or rent is critical. While you want to consider the mindset of the renters and potential guests, keep in mind this is also your home away from home. You want to put this vacation spot in a desirable location that you love and wish to spend time in. When the property is not in a contract, you have the option to enjoy it for yourself.
Most renters and vacationers are looking for safe, unique places to rest while they are not out enjoying the destination. But the destination’s attractions and appeal are why they are in town, so if there are little to no local amenities, you may struggle to rent in that specific location.
In addition to local amenities, you should always factor in and consider the rental requirements of a given area. This may change your location slightly due to many places having varied specifications and regulations. If you spend the time doing this homework, you won’t fall victim to surprises as you begin leasing your cabin.
Understand The Details for Renting the Cabin
With future tenants in mind, there are several design factors to consider. Accommodate yourself first by bringing your unique style and personality into the cabin. Then, factor in a broad rental market into specific areas.
Some things you should acknowledge include:
- A storage space where you can lock away your family’s personal and high-value items. This can alleviate taking things back and forth and provide peace of mind knowing they are safe.
- Bedrooms should accommodate queen- to king-sized beds. This way, renters can sleep two in a room and optimize the space.
- All appliances and finishes should be durable to withstand increased wear and tear but not too complicated that renters need assistance. Additionally, carpeting is generally a high-risk flooring option because it is more challenging to clean than laminate or tiling.
- If your family would prefer attached bathrooms with the bedrooms, then accommodate them first. But typically speaking, renters are relatives or close friends and are prepared to share bathrooms. Dress bathrooms with all amenities to increase accessibility.
- Parking is usually an issue when there is a two-stall garage and six guests arriving for the weekend. Ensure ample parking near or on the property to accommodate the maximum number of occupants. Additionally, consider how you would like the renters to use the garage space if you build one. Families tend to use that space for personal belongings, so you may close it off and enforce parking elsewhere on the property.
Ensure It Is an Appealing Rental Design
Renters like to know the space they are in is safe and stylish. Once you accommodate your family, factor in ways to make the design appealing to others and future guests. By partnering with log cabin builders in North Georgia, you will receive professional advice on appealing rental layouts and ways to make the space safe for you and future guests.
Decorating and Furnishing
The size of the cabin does not matter. Big or small, an appealing property will rent out relatively quickly. Curb appeal and interior design are two factors to be mindful of when finalizing your plans. Guests care about things like large beds, flat-screen wall-mounted televisions, cozy linens, and decent Wi-Fi.
You should also be mindful of the design era you choose. Using outdated furniture is usually a drawback for guests. They typically don’t show interest in properties with subpar couches, lamps, and cookware. Additionally, consider how well-maintained the cabin is. Typically, a space with too many items can easily get cluttered. Go minimal on decorations to allow for a cleaner space.
Cabin Security
While you want to ensure you have a designated space that can lock away valuables, it’s also essential to think about which valuables can stay home. It is never good to keep high ticket items lying around during a rental agreement. Think about sentimental or irreplaceable items and reconsider their location if they are in the cabin.
Another critical thing to think about is surveillance on the grounds. This can help you as an owner in the event of an accident and provide renters peace of mind knowing they are safe while on vacation. If you have a locking space for specific items, offer a small locking safe for your guests to store their valuables while they are out and about exploring.
Property Management
You cannot keep consistent tabs on your property while you’re away or while housing a temporary tenant. Investing in a partnership with a property management company can help protect your assets and act as the middleman between you and your agreements.
This partnership can also help maintain the property and keep it in rentable conditions in between contracts. Things like mowing the lawn, essential landscaping maintenance, bookkeeping of guests, and housekeeping are all requirements of maintaining a desirable property. Your guests also need safe and reliable key pick-up and drop-off, unless you build with keyless entry.
Property management can be a liaison for your guests to ensure they are enjoying the local area and any current events while helping maintain the atmosphere of your home. Things such as a concierge, reservationist, or on-demand customer care will make your cabin more appealing and secure for potential renters.
To learn more about cabin builders and the benefits of property management, reach out to Nevaeh Cabin Rentals today. We look forward to partnering with you on your cabin build in the beautiful Blue Ridge Mountains!
