The importance of hosts continuously investing in their short-term rental properties, both financially and in terms of time and effort, to maintain high standards, enhance the guest experience, and remain competitive.
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Glossary Term: Property Value
23 posts
Implementing a proactive and regular maintenance schedule to ensure the property remains in excellent condition, preventing potential issues and maintaining a high standard for guests.
A Swedish term for “Lake Plot,” highlighting the value of short-term rentals situated on desirable land near lakes, offering scenic views and recreational opportunities.
A desirable feature in short-term rentals, offering guests attractive outdoor vistas like mountains, oceans, cityscapes, or natural landscapes, often commanding higher rental rates.
Investing in property improvements and amenities that enhance the guest experience, increase rental value, and attract a higher caliber of guests.
Highlights the importance of regular property maintenance and upkeep to prevent potential issues, ensure guest safety and satisfaction, and protect the value of the investment.
The proactive care and upkeep of a short-term rental property to ensure its functionality, safety, and aesthetic appeal, addressing repairs promptly and maintaining a high standard of quality for guests.
High-end and durable finishes, such as granite countertops, stainless steel appliances, and hardwood floors, that add a touch of luxury and enhance the value of the rental property.
Regular upkeep and inspections to prevent potential issues and maintain the property in top condition, minimizing future repair costs and guest inconvenience.
Strategies for maximizing the appeal and functionality of outdoor areas in a short-term rental property. This includes furnishing patios, creating comfortable seating areas, offering outdoor dining options, and providing amenities like fire pits or grills.
The portion of a short-term rental property’s value that the owner owns outright, calculated as the property’s market value minus any outstanding mortgages or loans.
The historical importance and cultural value of the Olowalu Plantation House in Maui, Hawaii, potentially increasing the desirability and price of nearby short-term rentals.