Quote from @Lianna Utley:
Hello All: I have a vacation rental in Door County Wi. It is technically a 3 bed 1 bath house. But I have only been able to rent it as a 2 bedroom as there is a city rule surrounding the septic. For whatever reason when the septic was built, it was built too small for the house only allowing 2 bedrooms to be rented (which I knew when I bought). To update it will be $15k.
Question is -- is it worth updating knowing we only have 1 bathroom? Is 3 Bedrooms 1 bath something people are interested in? Long term goal is to add an addition which would make it a 3 bed 3 bath house but based on contractors schedules it will probably be another year.
Also any feedback on my listing would be great. Used evolve for the first year (broke even) and am now trying my hand self managing. Airbnb Listing
Hey Lianna! Your Cottage is adorable, I love it!!
1. I would check whatever pricing tool you use to see what the difference in revenue is for a 2/1 vs a 3/2, 3/3 to see if it is worth it. In our market AirDNA rentalizer tool is fairly accurate so that’s what we use. We do pay for our market so we can see the comps and verify that they are accurate.
2. As a general rule of thumb we try not to exceed more than 2 bedrooms or 4 people per bathroom.
3. We love adding plants/greenery to our decor. This makes your guests feel welcome and relaxed
4. Do you have an outdoor lounge area? Firepit? Rocking chairs? We found that investing in outdoor space can increase revenue