Adding Value to Your Airbnb Apartment on a Budget

Maybe you have a big chunk of travel coming up (lucky you), or maybe you just need a little bump to make rent (it happens). But one thing is for sure: You’ve jumped into the Airbnb game (Bienvenidos!) and now it’s time to sink or swim. Making your place stand out in the sea of options presented to discerning travelers isn’t an impossible task, but it definitely helps to get some tips. Read on for candid advice from a frequent Airbnb traveler, yours truly, on how to make your Airbnb listing look its most appealing.

Add value to your air bnb apartment on a tight budget

POSTED ON NOVEMBER 20, 2017 BY ANTHONY GLOVER

Consider adding value to your AirBnb apartment by investing in high design and small touches of beauty and homeliness. Renting out your apartment or part-home to tourists has become a great way to earn a second income for Australians. AirBnb isn’t just for professional developers or investors – it’s the personal touches that often add to the traveller experience. The Air Bnb world can be a lucrative one and is also intensely competitive in Australia. It may sound obvious but people like to see beautiful photos when selecting a place to rent, so investing in design for your apartment is important. There are simple ways to get good design going without breaking your bank. Here are some budget friendly steps to add value to your air bnb apartment:

1. Avoid photographs with outlets and cords. Something about an electrical outlet screams “not on vacation.” It reminds us that we might have to work while we’re away, and nobody wants to think about that when they’re creating travel “wish lists.” Cords are sloppy. Tuck them away behind the TV or buy a cord cover.

2. Become a superhost. There are so many options out there that people are dying for ways to filter them. Only staying with “superhosts” is one of them. To become a superhost you basically need to respond promptly to guests, keep your place clean, and don’t lie about how nice (or not nice) it is.

3. Lighting, lighting, lighting. Take a tip from this Hollywood Hills home and let the light shine in. Basically, any photo that makes your place look like it might house a serial killer is NOT okay. Always take photos in daylight.

4. No preset tables with food on them. It makes people feel like they’re sitting shiva or, like, ghosts live in your apartment. Please. Don’t.

5. Clean lines. For a rental, minimal is better than maximal. Consider the two-thirds rule: Photograph the space with approximately two-thirds the furnishings you would normally have in it. This is the time to channel your inner Marie Kondo, even if you’re a sucker for piles of paperbacks and throw pillows IRL. Stash any excess in storage or with friends while you’re away.

Image may contain Indoors Room Tub Bathtub Interior Design Bathroom Building Housing and Corner

A clean, inviting bathroom (with a view) in this Hollywood Hills Airbnb.

6. Feature one “design” piece. Most short-term rentals can be characterized by a morass of IKEA Poang chairs. Instead, invest in one piece that makes your place stand out. Whether it’s a Knoll Womb Chair, George Nelson’s iconic platform bench by Herman Miller, or even a very unique Craigslist find.

7. Be artful. Go tasteful but not generic with what’s on your walls.

8. Fun lighting. Whether you invest in a $20 Himalayan Salt Lamp from Amazon or make a statement with a paper Noguchi Lamp, catchy lighting is an affordable way to bring some ambiance into your space.

9. Don’t gild the lily. If you’ve got an architectural gem, don’t let the furniture steal the show. Take this beautiful 100-year-old wooden house in Tokyo, for example: The designer has opted for subdued furnishings that let the traditional Shōji paper walls and exposed beams stand out.

10. But do accentuate the high points. The owners of this flat in old Barcelona have done a fabulous job accentuating high ceilings and old beams with a strategic paint job.

11.Pick a theme or design concept to make your apartment look good and interesting.

12.Pick furniture pieces that are comfortable and multi-functional.

13.Add some color to brighten up those walls.

14.Decorate with prints and DIY Art.

15. Invest in good sheets and throw in a couple of printed decorative cushions.

16. Pick pretty plates and fun tableware.

17. Consider putting some interesting travel or coffee table books on your center table.

How profitable is Airbnb?

When prospective vacation rental owners decide to invest in vacation rental property, this is the first question they think of: is Airbnb profitable for hosts? The answer is yes! Well, it can be done correctly. We’ve outlined some of the major considerations that factor into Airbnb profit.

Running an Airbnb can be quite time-consuming, so make sure you’ve perfectly set up your business to guarantee profitability. Using an Airbnb management software that allows you to connect your Airbnb account to a channel manager and automate repetitive tasks like sending a welcome email will prove your expertise to guests and ultimately increase bookings.

 

airbnb property managment melbourne

 

Average Airbnb profit

The profits you make from Airbnb will obviously vary depending on location, size, and several other factors, but it’s still nice to get an idea of how much money an Airbnb will make you. On average, Airbnb hosts make $924 a month from Airbnb income alone. If you still haven’t purchased your Airbnb yet, you could factor in some variables to increase profits. Average profit from Airbnb can be estimated with the following criteria:

Entire stays assume the occupancy limit of at least four guests. If you list only a private room, Airbnb counts it as two guests.

Airbnb also considers the average nightly price, not including expenses, fees or taxes, based on booking data in the location within the last calendar year.

Then the price is multiplied by the total number of occupied nights to determine the monthly earnings estimate. The number of nights hosted is an average collected by other hosts in the mentioned area.

 

source- https://www.housing.vic.gov.au/

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