Have you decided to rent it to earn extra money? Many people are looking for private vacation rental apartments How much money do you want to earn through vacation rent your home? It is very important to fix the correct price of your holiday rental. Actually, those of you who have been renting for a few years have a pretty good idea what your weekly rate should be, but it’s still a good idea to re-evaluate each year to be sure you are not asking too little or too much.
Evaluate your price is to compare prices of rental properties in your area
One of the best methods to evaluate your price is to compare prices of rental properties in your area. It is not easy to compare houses: your home could be newer and have more amenities, while another in the same price range could be closer to the beach. But if you will make an internet research, at least you will see which houses are more popular and what prices can be competitive.
The “low” season at Costa del Sol can offer many advantages for vacationers: warm days, cool nights, avoiding excess tourists and traffic. But the nomber of available housing increases when demand decreases. If renting private vacation apartments as much as possible during the “low season”, you should offer attractive rates, which will be different from your high season rates. Also consider a minimum stay, maybe it will be 3 days, but a daily rate should be high enough to make the rental of such a short stay worthwhile.
There are other times of the year where you can raise your rates. Does your city have an interesting festival, for example? If so, increase your rates during that week and the demand will be higher.
Prices are typically determined by the location of the house (a beachfront property is more convenient and can be priced accordingly), the number of rooms (one of 5 rooms would be more expensive than 1 bedroom apartment), and the type of property (apartment or house, luxury level).
Then there are amenities that make a vacation home particularly desirable: a private pool, a private tennis court, etc.
All this will allow you to charge much more for your property.
Don’t hesitate to get in touch to make the best valuation of your property