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Updated almost 3 years ago,

User Stats

7
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0
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Fabrice Carra
  • Investor
  • Miami, FL
0
Votes |
7
Posts

Advice for new construction catered to short term rentals.

Fabrice Carra
  • Investor
  • Miami, FL
Posted

Hello, I'd like to pick your brain on what features would you include in a new house that will be built for investment, and rented through short term?

We bought a 2.7 Acre lot In the mountain of North Carolina, 5000 Ft altitude. it is inside an enclosed upscale community called Eagles Nest:

Eaglesnestatbannerelk.com

There is a rental company that takes 20% of the income but it is worry-free. they check the guests in and out, check the property and take care of repairs, do the statements, and send you the check. After talking with them they mentioned that they have a lots of 3 to 4 bd houses but are lacking 5 to 6 bd houses that can welcome 2 families or more, instead of just one family. So we are looking at such a plan and we need some ideas. 

Here are ours;

1/Build a house that can be split into 2, meaning that you will have 4 rooms on one side of the house, the leaving room and kitchen in the middle and 4 other rooms on the other end. This way if you have renters that only need 4 rooms you could rent that part of the house plus the living room and kitchen, and have a door locked that would access the other side that will not be rented.

2/ Have amenities that short term renters are looking for;

Jacuzzi on a terrasse,  basement with a movie room, PS4 Setup, Ping pong, maybe a sunken rectangle full of cushions in front of the TV. 

Outside BBQ and fire pit for the cold winters...

3/ the decision of building a 4 bd or an 8bd is a big difference in the budget, 1Mil compares to 1.6 Mil and the difference in rent increase per day is about 800$.

With these numbers what do you think?

4/ later on we would also construct 2 tree houses...

Thank you all for your input.

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