If you have any questions about the current popularity of “unique” short term rentalthe fact is that Airbnb has links to “tree house,” “Small house,” and”OMG! Just at the top of it the navigation bar should answer it. Unique and unusual rentals are all the rage, but they also have their own character set Considerations. what to do remember Before transforming your backyard Adu Enter the pirate ship.
market attractiveness
Of course, uniqueness and quirkiness are very attractive to both renters and tenants. also From a revenue perspective. One, you might no have Too much for your competition hobbit house In Tennessee, your windmill In Portugal, or your yurt in Missouri.
With reasonable prices and rave reviews from guests, you’re unlikely to be snapped up by another hobbit’s house. and If it’s a unique property category that’s in high demand (like treehouses), you may be able to charge a premium (compared to other rentals of the same size in your area), and your occupancy rates may be higher.
administrative costs
Managing costs can be complex, depending on the circumstances of your tenancy. In some cases, your tiny house or treehouse may have a smaller footprint than a traditional rental, which can save money Buy it first, then maintain and clean it. In other cases, less traditional Layout may create heating or cooling issues requiring additional investment or a special Skilled (expensive) technicians or repair materials question If they appear.
Insurance
It’s safe to say that insurance companies may not be all that excited about insuring your unique home. Without a lot of historical data on costs and disasters for your housing type, you can expect higher insurance rates. this Not a big problem for properties such as small houses of one question Buildings like treehouses may have additional safety and liability issues.
Zoning and Regulations
this is a big shot, there is At least consistency. Regulations for renting unique structures vary greatly depending on where you live, and the rules boil down to hyper-local legislation. Building such a unit from scratch would take longer perhaps Many additional licenses.
An easier route is to purchase an existing structure and confirm the legality of the previous owner’s work – making sure they have dealt with any issues of Legal basketball or has been inherited.
final thoughts
If you can afford the additional potential costs and maintenance fees, unique short-term rentals can be very profitable. Just make sure underwriting Before diving in, use proven numbers carefully!
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Notes on BiggerPockets: These are the opinions written by the author and do not necessarily represent the views of BiggerPockets.
