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How Much Could I Earn By Short-letting My London Home With Airbnb, Homeaway And Other Platforms?
LOCATION
Next to price, location will be at the top of any traveller's priority list when hunting for a home. But, far more goes into this search than you might think. It's true that the closer to the West End, or other major attractions, the better. Yet, you shouldn't rule your home out if it's not slap bang in the centre! Whether your property's near the river, a park, museums or a nightlife hotspot, you're sure to bring in visitors. A home in the outskirts that's a simple walk away from a key Tube stop could even be enough to pique interest. Some guests might want a safe haven from the hustle and bustle of the city, or some might see public transport as essential to absorbing the essence of London culture. In other words, if you think your home's too far-out to attract tourists, think again! A letting agency like us can keep your home full of happy guests.
SIZE
Bookings come in all-shapes-and-sizes, from big groups to couples and individuals. As guests often add-up the price-per-room or price-per-person, a bigger property will boost value. Why go for multiple smaller places when you can get one big one ...
... for a fraction of the price? So, with every extra bedroom you have, you could double your earnings. You could even consider turning that study or storage room that you never use into an extra bedroom. This is just one way to maximise profits.
AMENITIES
Whether you welcome guests who lap up luxury, have to keep on top of work, or simply prefer to keep things basic, the features and amenities of your short-let home are essential. Features like high-speed wi-fi, free parking and laundry facilities will appeal to more practical travellers. A big-screen TV, roof terrace, garden or even a working hot tub will help you stand out to guests looking for something more lavish. Otherwise, anything from a fully-equipped kitchen or refurbished bathroom to a cosy double bed, could add cash to your bank account. Take a look around your home and make a list of all its features. You might be surprised at how much value a Letting Agency like us could help you generate.
CONDITION
When it comes to short term lets in London, the quality's all in the detail. As the first thing your guests will see is a small picture amongst many, first impressions are pivotal. Giving your home a fresh lick of paint, modern equipment or even a pair of pretty curtains will do wonders for attracting guests. Guests will not only appreciate the touch of taste and TLC, they'll be convinced that an experience with a short term let is no different, or even better, than one in a hotel. Our professional photographers will make your home look beautiful, but, when we come to appraise your property, we'll advise on small improvements you can make to boost desirability. It's a competitive market, and we'll work together to find ways to give your home the added edge it needs to keep bookings flying in.
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