Best Tips For Increasing Your Turks and Caicos Vacation Home’s Profitability
Are you thinking of renting out your Turks and Caicos vacation home when you’re not there? With its beautiful beaches, turquoise waters, and perfect weather all year-round, you can add to your annual income with relative ease. The vacation rental market is growing by more than 7% a year, and many vacationers prefer to rent a villa or home and not a hotel room. Here are a few tips on how to make your vacation home even more profitable for you to rent out.
A Good Location
Location, location, location. If you haven’t purchased a vacation property yet, this is the number one most important point to keep in mind. Buying a Turks and Caicos vacation home in a desirable location in a sought-after locale will help you set a higher rental rate and have more renters interested. On the other hand, there are still a few remote and exclusive islands in Turks and Caicos to discover. This is perfect for those renters who want to be away from the crowds and the noisy nightlife associated with the more popular islands. Look at South Caicos for a more natural setting.
Give Renters an Experience
Do you want renters lining up to stay at your place? While people want a vacation home that matches their need for the number of bedrooms and bathrooms, near the beach, etc., they also want a vacation experience to remember. What memories will they take away from Turks and Caicos? What will they do? What restaurants will they discover? Who might they meet? Let them know!
When you list your home for rent, also tell a story. Don’t just call it a condo, describe it as a magnificent beachfront property. Renters won’t just enjoy the ocean, they’ll love the crystal-clear water perfect for snorkeling and swimming with colorful fish. Describe what is near your vacation home – what will they see as they look out the windows? You get the idea.
Use Professional Photos
Don’t use your smartphone photos to advertise your rental property. Whether you want to rent or sell your Turks and Caicos vacation home, people are looking for breathtaking views, high-end amenities, and a great floorplan layout. None of this will show up in poor quality photos with bad lighting. Consider hiring a professional photographer. Get the full benefit of your investment by posting the best photos you can.
Pay Attention to Outdoor Spaces
Most vacationers choose a Caribbean island for its warm breezes, sandy beaches, and beautiful views. Give potential renters the ideal indoor/outdoor luxurious living space they’ll dream about, especially if they are currently shivering and staring out the window at snow!
Make sure your property has cozy outdoor seating areas with versatile furniture to rearrange at will. In addition, many people enjoy sitting around a fire pit or fireplace on a patio in the evening. If there’s enough room, a screened-in eating area is always desirable to keep mosquitoes and other bugs away.
Promote Your Home
You’ll want as many people as possible to see your rental property, so list it on Facebook, Instagram, and other social media sites. Get help from local real estate companies like Tint Turks and Caicos. Talk to one of our professionals who will assist you with your Turks and Caicos vacation home/rental property. Contact us today!