How To Increase The Value In Your Vacation Rental Property
/As we enter into vacation planning season, we invite you to learn how you can increase the value of your vacation rental property with these key gadgets and upgrades.
Technology is at the forefront of everything we do. Whether that’s paying for your groceries, connecting with your loved ones on the other side of the world via Facebook and Zoom technology, or simply kicking back to binge the new Netflix season, there is no denying the major role that technology plays in our daily lives. Read more to learn how these technological advances can help you increase the value in your vacation rental property.
A video doorbell is a great addition to a vacation rental home. In addition to notifying you when guests come and go, you can use a video doorbell to verify the number of guests in your rental. You can also link your video doorbell to you smart speaker and have it turn your lights on or off as your guests arrive and depart, saving you money and creating a comfortable welcome for them. With a video doorbell, you can also personally greet your guests and give them a warm welcome. Be sure to let the guests know in advance that there is a video doorbell installed to avoid any frights and surprises!
Keeping a vacation home safe from theft and natural disasters can be difficult for homeowners, especially with how far they usually are from first homes. As a homeowner, you may be asking how can I make sure that my property is safe from so far away, or how can I save money on energy when I’m not there? A home alarm system for your vacation home can be an easy and cost-effective way to secure your property for the long stretches of time when it’s uninhabited. We also recommend adding smoke and CO detection devices to your alarm, as fire and CO pose such a threat to a home’s safety and security. This threat only multiplies when dealing with a home that is only occupied during a portion of the year.
According to recent research 1 in 5 Americans now use a smart speaker such as Amazon Alexa or Google Home. Make your guests feel at home by adding one to your vacation home. Turning your Amazon or Google product into a virtual assistant can be a great addition to a vacation rental home, as it can act as your guests’ very own personal concierge. Automate the check-in process, program safety information, and recommend local favorites.
As a vacation rental owner, energy consumption is difficult to monitor. In the height of summer, your guests may turn the air-conditioning all the way down and then be out for the whole day. What about mid-winter, when they turn the heat up and then head out without adjusting the thermostat? Smart thermostats can help reduce this risk by automating the process. Owners can set restrictions regarding the temperature settings and even control them from their homes.
The thing about all of these technologies is that they all need a strong foundation. Small things can boost your rental’s popularity, and for most, connectivity’s an important consideration. So, check your options and consider upgrading or installing signal boosters if necessary. The higher price can easily be offset by more bookings, especially in this "work from home" climate. Consider setting up a work area, even a small desk and wireless printer to justify a per-night rate increase. And don’t forget to highlight your guest network fast speeds in your listing. Check your signal strength throughout the home.
A recent survey shows that guests are looking for, and expecting, a certain level of smart technology in the houses they rent. The benefits of these smart home upgrades are proven. Guests are more likely to complete a reservation when they see these features listed in the rental description, and some guests will even pay more for smart-home enabled rental properties, so make sure that you add these details to your listing to ensure you capture the benefits! Contact us to find out how we can help you increase the value of your vacation rental property.