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Updated over 3 years ago on . Most recent reply
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STR: 1 bed or 2 bed better?
I'm looking at the possibility of buying a short term rental --- and see two that I like (different locations though). My question is, is it advantageous to get a 1 bedroom, or a 2 bedroom house?
1) The 1-bedroom is a cabin like place in the mountains, 600 SQ FT. (it was a 2-bedroom) but was remodeled into a 1-bed for the purpose of STR.) Looking at comps it can rent for 150-180/night.
2) The other is a 2-bedroom bungalow near a growing town in North Carolina. Breweries around, hiking, about an hour from charlotte. It can rent for 100-120/night.
Thoughts on wether a 1-bedroom, or 2-bedroom STR does better?? And re-sale value afterwards?