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How to Start Renovating Your Home in 2023

people painting house

If you decide to redo your basement, bathroom, or your whole house, get ready for an adventure. At the start, when you’re just planning everything, it’s really exciting. You can’t wait to see the changes. And when everything is done, you feel great and happy with what you’ve achieved. You’ve made your home better and increased its value.

But, there’s a hard part in the middle of all this – when things are being taken apart and rebuilt. You need to be really careful and think about everything from the very start. Success means doing your homework, asking the right questions, and finding the best people to do the job. This article is here to help you start planning your home makeover.

Before you start, ask yourself: is this worth the time and money? If you’re fixing up your house before you move, and you live far away, it might be a good idea to get a key lockbox. Big projects usually mean you need a contractor, and they like to start early in the day. Unless you want to drive in the early morning traffic just to let them in, a lockbox or a smart door lock can save you a lot of time and hassle. Plus, you won’t have to wake up so early!

people painting house

Start by Researching and Creating a Game Plan

Embarking on a home renovation journey requires a strong understanding of the process, especially if you’re a newbie. Engage in conversations with friends and family who have gone through it, and soak up their experiences. Dive into research on best practices and strategies for a smooth renovation. While a contractor will be a valuable guide, having a solid understanding beforehand puts you at an advantage.

Now, if you decide to go forward with the renovation, dedicate time to thorough research. Investigate the overall cost, the timeline from start to finish, and potential unexpected challenges. In order to make decisions that align with your goals and set you on the right path, you need careful planning and thoughtful consideration. Don’t hesitate to consult with a variety of experts to get diverse feedback and information, ensuring your decisions are well-informed.

Additionally, your research might reveal whether now is the right time to renovate, or if waiting might be a smarter choice. You might need a few more months to get your finances ready, or you might find that the costs are higher than your budget allows, or that the timeline conflicts with other commitments like sports seasons or school.

Set a Budget and Prepare for Hidden Costs

As you delve deeper into your research, one crucial step is estimating your renovation costs. While online searches can provide a ballpark figure, be aware that costs can vary widely, and Google might not have all the answers. To get a clearer picture of your project’s costs, reach out to local contractors for estimates. Gathering three to five estimates will give you a solid base for your budget.

Contacting contractors isn’t just about getting a bid; it’s also about uncovering potential hidden costs, also known as ‘slippage.’ You might find plumbing issues during a kitchen remodel, or realize you need new trim when replacing windows.

To be on the safe side, add an extra 15 to 30% to your initial quote to cover these unexpected costs. If you end up not needing it, great! But if you do, you’ll be ready and won’t have to make rushed decisions that you might regret later.

If all of this pushes you over budget, it might be smart to wait until you’re in a better financial position to start your renovation. This way, you can achieve what you want without compromising or feeling stretched too thin.

house contractor looking at the project

Choose the Right Contractor for Your Project

Emphasizing the importance of selecting a qualified contractor is crucial when transforming your renovation dreams into reality. Homeowners often realize this after spending ample time envisioning the potential outcomes of their project.

If you’re brimming with ideas, the right contractor can turn them into reality, potentially introducing new perspectives and options you hadn’t considered. Start by reading reviews and client feedback to assess their reputation and quality of work. Then, set up a meeting to dive deep into your project specifics and pose any questions you might have. Aim to hire a collaborative partner, skilled in crafting creative solutions that respect both your vision and budget.

An outstanding contractor brings more to the table than mere execution of tasks. They can also suggest structural improvements, enhancing both the energy efficiency and overall functionality of your home.

For a smooth remodeling experience, choose a contractor who values transparency, respects your time, arrives punctually, cares for your property, and consistently delivers impressive results. With their extensive experience, they become a crucial asset, offering valuable advice for any home issues that might arise during the renovation.

To determine if a contractor fits your project needs, consider asking them these crucial questions:

  1. What licensing and insurance do you hold? (They should be both bonded and insured.)
  2. Do you work with project managers? (This can improve efficiency and organization.)
  3. How often will you update me on the project’s progress? (Regular communication is essential.)
  4. Can you explain your billing process? (Understanding payment terms is crucial.)
  5. How do you keep track of billing? (Clear records ensure transparency.)
  6. When can you start working? (Ensuring start dates align with your schedule is vital.)
  7. Can you provide an estimated timeline and your availability for this project? (Knowing the project’s duration is important.)
  8. Are you willing to seek bids from multiple subcontractors to ensure competitive pricing? (This strategy can save money.)
  9. What is your policy if issues arise with the completed project after a year? (A warranty or follow-up process provides security.)
house renovation

Sign a Contract for Assurance

A detailed contract is vital for a seamless renovation, providing both assurance and clarity for various situations. Ensure it includes crucial information such as your name, address, expected start dates, warranty terms, a comprehensive scope of work, and payment details. Be cautious with generic contracts that require no customization, as they might lead to issues down the line. Always thoroughly review the entire contract, seeking clarification on any unclear terms. A well-structured contract protects both contractors and homeowners, ensuring everyone has a clear understanding of the project’s expectations and boundaries.

Get Ready for the Renovation to Kick Off

Signing the contract signals the start of your preparation phase, gearing up both your home and mental state for the renovation adventure ahead. Embarking on a home renovation is a formidable task; it encompasses considerations from budgeting to timeline planning, and it’s easy to feel overwhelmed, especially given the considerable costs tied to such a project. However, preparing thoroughly and grasping the project’s ins and outs equips you to confidently address any unexpected challenges that may crop up during the renovation.

Learn and Grow from Past Home Renovation Mistakes

Adopting a proactive stance by learning from common home renovation blunders paves the way for a smoother, more successful project. Here’s how to sidestep these pitfalls:

  1. Set a Comprehensive Budget: Ensure your budget not only covers expected costs but also includes a 20-25% buffer for unexpected expenses or changes.
  2. Communicate Effectively: Never shy away from asking questions or seeking clarification, especially regarding design decisions. Clear communication with your contractors and designers is pivotal for attaining your desired results.
  3. Know Your DIY Limits: While DIY projects can be rewarding, it’s crucial to recognize your limits. Engage professionals for complex or specialized tasks to guarantee top-notch results.
  4. Choose Quality over Price: Opting for the cheapest labor might seem cost-effective but can lead to inferior results, potentially incurring higher costs in the long run. Prioritize contractors with a reputation for quality.
  5. Be Prepared for Delays and Stress: Anticipate that the renovation might extend beyond your initial timeline. Understand that living amidst a renovation can be stressful, and plan accordingly to mitigate disruption.
  6. Be Smart with Furniture Choices: When selecting furniture, ensure it fits comfortably in your space, considering both dimensions and layout, without obstructing access or overwhelming the room.

Explore Different Types of Home Renovations

Home renovations come in various forms, each serving unique needs and preferences:

  1. Whole Property Renovation: This entails a thorough revamp of your entire home, possibly involving structural changes, remodeling, and upgrades.
  2. Single-Storey Extension: This adds more ground-floor living space, often expanding kitchens or living areas.
  3. Multi-Storey Extension: This is like a single-storey extension but adds additional floors of living space.
  4. Conservatory Build: This creates a glass or partially enclosed space, usually serving as a sunroom or additional living area connected to the outdoors.
  5. Loft Conversion: This transforms attic or loft spaces into functional living areas, such as bedrooms or offices.
  6. Kitchen Remodeling: This updates and redesigns your kitchen for improved functionality and aesthetics.
  7. Bathroom Remodeling: This modernizes bathrooms, enhancing both comfort and style.
  8. Basement Conversion: This turns an unfinished basement into a functional space, like a home theatre or guest suite.
  9. Garage Conversion: This repurposes a garage into additional living space.
  10. Garden Landscaping: This enhances outdoor areas through landscaping and design, creating functional, beautiful spaces.

Understand the Timeline for Home Renovations

The duration of a house renovation can vary significantly, influenced by factors such as project scope and unforeseen complications. However, here’s a rough guide to some common renovation timelines:

  • Kitchen Renovation: 4-10 weeks
  • Bathroom Renovation: 3-6 weeks
  • Loft Conversion: 7-12 weeks
  • 1-2 Storey Extension: 8-16 weeks

These are general estimates, and it’s crucial to consult with your contractor to determine a more accurate timeline tailored to your specific project.

Get Clear on Renovation Costs

The total cost of renovating a house can fluctuate widely, influenced by factors like project scope, contractor choice, architect involvement, necessary permits, and unexpected challenges. Here’s a rough cost breakdown for common renovations:

  • Extension: £25,000 to £50,000
  • Loft Conversion: Around £40,000
  • Bathroom Renovation: £6,000 to £10,000
  • Kitchen Renovation: £7,000 to £15,000
  • New Windows: £400 to £600 per window
  • New Heating System: Around £4,000

How to Plan a Budget-Friendly Home Renovation

Successfully planning a home renovation on a budget requires strategic thinking and smart choices. Follow these guidelines to keep your renovation within financial limits while achieving your objectives:

  1. Establish Realistic Goals: Start by setting achievable objectives based on your budget, prioritizing essential tasks or those that add the most value.
  2. Get Multiple Quotes: Don’t settle for the first quote you receive. Seek bids from various contractors, considering their reputation and the value they provide.
  3. Consider a Designer: Investing in a designer can pay off, as they can suggest cost-effective solutions and help prevent expensive mistakes.
  4. Invest in a Property Survey: A professional survey can uncover potential structural issues, helping you allocate your budget more effectively.
  5. Enhance Your DIY Skills: Tackling some tasks yourself can cut labor costs. Utilize online resources to learn basic home improvement skills.
  6. Phase Your Project: If you don’t have a lot of money, break your renovation into parts. Fix the most important things or the rooms you use all the time first. Save up for the smaller projects later. This way, you keep moving forward without spending too much at once.
  7. Reuse What You Can: Don’t buy everything new. See if you can use old things in new ways. Old furniture or wood can add a cool touch to your space and save you money. Plus, it’s good for the planet.
  8. Shop Smart: Look for deals when you need to buy new stuff. Check out sales and clearance items. Second-hand things can also be great, and you might be able to fix them up to look like new.
  9. Save for Surprises: Things you weren’t expecting will probably come up. So, put some money aside (around 10-20% of your budget) just in case. This is your emergency fund.
  10. Check Your Budget Often: Keep an eye on what you’re spending and make sure it matches your budget. Adjust things if you need to. This helps you stay on track and avoids any nasty surprises with money.
kitchen renovation

Optimize Your Rental Property Through Strategic Renovations

Transform and enhance your rental property’s appeal and functionality with strategic renovations. This makeover not only attracts new tenants but also encourages current ones to stay longer, significantly boosting your property’s value.

Be Smart with Your Renovation Investments However, renovations can be expensive, so it’s crucial to ensure that every penny spent is a wise investment, particularly in rental properties. Understand what your tenants desire to ensure that your renovations align with their needs and preferences, just like you would consider your family’s needs when redecorating your living room. Strive to understand your tenants’ preferences, investing in upgrades that add real value and appeal to your property.

Transform with a Fresh Coat of Paint Repainting is an affordable and effective renovation option. Refresh your space each time a tenant moves out to maintain its allure. Stick to neutral colors for universal appeal, and hire professionals for a flawless finish. This budget-friendly option significantly enhances the visual appeal of your rental spaces.

Boost Curb Appeal Without Breaking the Bank Enhance your property’s curb appeal with simple, cost-effective maintenance and attention to detail. Add vibrant flowers, maintain your fence, and create inviting outdoor spaces. These enhancements create a welcoming atmosphere without requiring a substantial investment.

Upgrade Appliances Wisely Incorporate modern appliances to attract tenants and increase your property’s rental value. Plan your budget carefully and seek expert advice to ensure you choose reliable brands and avoid financial setbacks.

Modernize Your Kitchen With more people cooking at home, a well-equipped kitchen has become a top priority for renters. Invest in modern amenities, ensuring your kitchen meets the current market demand. A thorough cleaning can rejuvenate appliances in good condition, making your kitchen a major selling point.

Refresh Your Furnished Apartment’s Furniture In the furnished apartment market, furniture condition is crucial. Upgrade worn-out pieces or refurbish existing ones to maintain an appealing and well-maintained space.

Embrace Contemporary Design Incorporate modern design elements to align with contemporary tenant preferences. Think spacious rooms, large windows, open kitchens, and luxurious bathroom features to create an attractive and comfortable living space.

Revitalize Your Bathroom Transform your bathroom into a standout feature of your rental property. Upgrade tiles, add smart storage solutions, and replace outdated fixtures to create a modern and inviting space.

Elevate Your Property Management with Keey Partner with Keey for expert rental property management. Our dedicated team ensures every aspect of your property is well-maintained, providing peace of mind, exceptional returns, and a standout rental experience. Choose Keey for a partnership that adds value and excellence to your rental property management.

Airbnb Luggage Solutions: 4 Top Tips for Hosts

man carrying a blue luggage

Every Airbnb host eventually hears the same question from their guests: “Where can I store my bags?” or “Can I leave my stuff with you before or after check-in?”

Guests dread dragging their luggage around, as it can mar the beginning or end of their journey. However, as a host, you have a golden chance to elevate their experience. By offering a solution to this common problem, you not only delight your guests but also increase your chances of getting positive reviews.

man carrying a blue luggage

So, how can you assist your guests with their luggage issues? Here are four practical solutions:

1. Station Lockers:

Many city train stations offer lockers for bag storage. While some are cost-effective, others can be pricier – for instance, London stations charge £12.50 for 24 hours! Be warned; there might be queues, especially during weekends or holidays.

2. Sharing Economy Solutions:

In places like Europe, emerging services can aid with luggage storage. For example, in the UK, CityStasher connects travelers with local businesses for affordable storage. Similarly, in Spain, Keepiz offers such services. Before recommending, always check their reviews. The perk? These businesses often have multiple locations in cities, possibly near your Airbnb. Plus, they might provide discounts for regular users.

3. Free Options:

Some venues like museums or shopping centers might allow temporary bag storage either for free or a small fee. However, these are typically short-term solutions, so it’s essential to confirm with the venues.

4. On-site Storage:

If other options fail, consider storing the luggage in your Airbnb. If you’re flexible, this might be hassle-free. Alternatively, dedicate a specific area like a garage or spare room for this purpose. If guests need to retrieve their items when you’re not around, consider key-drop services, ensuring a secure key return.

Remember, a guest burdened with luggage might not enjoy their stay as much. But, by organizing convenient and cost-effective solutions in advance, you ensure they have a memorable trip.

Need assistance? We’re just a click away.

Transforming UK Property Investment: Count and Keey’s Game-Changing Partnership

people hand shaking

Count and Keey are teaming up to change property investment. They’re experts in the industry, and they want to make it easier for people and businesses to invest in real estate.

This partnership means you’ll have a simpler and more transparent way to invest in property. You can get the latest information, make more money, and save lots of cash. It’s a big deal and will shake up property investment in the UK!

partners shaking hands

Simplifying Property Investment

Count, a leading accounting company in the UK specializes in providing bookkeeping, accounting, and tax services tailored for small businesses and sole traders. When clients choose to work with Count, they are paired with their dedicated ICAEW ACA Chartered Accountant. Count assists clients with various accounting matters, allowing them to concentrate on their businesses, while the firm handles their financial needs.

Their services make property management easier as having a dedicated accountant, can streamline financial processes, ensure compliance, and provide valuable insights into property-related finances. This, in turn, simplifies property management tasks, reduces administrative burdens, and allows property owners and managers to focus more on the core aspects of managing their properties efficiently and profitably.

Effortless Property Management

Keey, a top property management platform, helps property owners maximize their rental income and make property management easier. They use advanced technology and a network of property experts to manage properties without any trouble.

Property owners can rely on experienced local managers who take care of daily tasks, tenant screening, maintenance, and rent collection. They get real-time financial reports to see how their property is doing, giving them more control and better decisions.

Unmatched Transparency and Control

Count and Keey are all about giving investors complete transparency and control over their property investments. Count streamlines legal processes, making sure investors understand the legal side of owning property.

Keey’s platform offers detailed financial reports and analytics, so investors can track income, expenses, and overall performance. This transparency helps investors make smart choices and stay confident about their investments.

Access to Expert Help

The partnership between Count and Keey gives investors access to property investment and management experts. With their combined resources, investors get support from legal, financial, and property management pros.

This support is especially useful for new or inexperienced investors who want to start with confidence. Expert guidance helps investors handle complexities, make the most of their investments, and reach their financial goals.

In Conclusion

Count and Keey’s partnership is a big step forward in property investment. They make processes smoother, improve transparency, and provide expert property management. Investors can now find, buy, and make the most of their investments with ease.

This partnership shows their commitment to innovation and customer satisfaction. Count and Keey help investors make better choices and succeed in the real estate world.

As these two companies work together, the future of property investment looks brighter. Count and Keey are leading the way for a new era of property investment in the UK, where convenience, transparency, and profit come together to benefit investors and redefine success in the industry.

How Does Airbnb Insurance Protect Its Hosts?

person working on a laptop

When you’re welcoming guests from around the world to your home through Airbnb, ensuring your property is protected is paramount. Airbnb understands this and provides specific insurance coverage to hosts. Let’s delve deeper to understand what these protections entail.

person using Airbnb on a laptop

Airbnb’s Core Insurance Offerings

Airbnb offers two primary protection programs to its hosts:

  1. Host Damage Protection: This cover assists if guests damage property within your listings. It can help repair or replace your belongings up to a certain limit.
  2. Host Liability Protection: This is vital if a guest or a third party gets hurt at your place and decides to take legal action. The protection would cover claims made against you.

While these Airbnb covers are valuable, it’s worth noting that your existing home or landlord insurance might also provide coverage for certain guest-related damages. However, such policies might be valid only if you host guests occasionally. The definition of “occasional hosting” could vary based on your insurance provider.

Decoding the Damage Protection

If you experience property damage due to a guest:

  1. Contact the guest within 14 days of their checkout.
  2. If the guest doesn’t agree to compensate, notify Airbnb.
  3. Provide Airbnb with evidence of the damage, such as photographs and possibly receipts.
  4. Aim to finalise the claim process within 30 days of the incident.

If your claim is approved, Airbnb compensates based on the item’s current value. However, some exceptions apply. Damages from natural events or to luxury items might not be covered.

Understanding Liability Insurance

Liability protection focuses on personal injuries rather than property damage. If someone sustains an injury at your property and believes you’re responsible, this insurance will be your safeguard against potential legal claims. However, it doesn’t address property damages – that’s where the damage protection comes in.

Your Personal Insurance’s Role

Most hosts already have personal home or landlord insurance. Such policies might offer provisions for occasional guest damages. If you frequently rent out your property or earn a significant amount from Airbnb, you might want to confirm if your personal insurance still covers guest-related damages. It’s advisable to discuss specifics with your insurance provider.


Being an Airbnb host comes with its unique set of challenges, and understanding your insurance coverage is crucial. While Airbnb provides foundational protections, never underestimate the value of your personal insurance policy. Being well-informed ensures a smoother hosting experience.

6 Pricing Strategies Every Airbnb Host Should Know

Let’s talk about Airbnb hosting – it’s not easy to figure out how to set the right price for your place. Many hosts, and we’ve all been there, struggle with this because it’s tricky to get it right. There are a lot of things to think about, like what other hosts are charging and when people want to book a place like yours. Sometimes, hosts just go with their gut feeling when deciding their prices because the other stuff can be a bit too much to think about all the time.

Seeing this struggle made us want to help out. So, we made a detailed list of pricing tips that any Airbnb host can use, whether you’re brand new or have been doing this for a while. Starting out, it’s key to do a little homework. Look at what prices other hosts are setting and think about when and why people are traveling to your area. Check out what guests want, too, like certain amenities. A quick look at this basic info will give you a solid base, helping you to set a smart price for your Airbnb listing.

Pricing Strategies

1. Embarking on Airbnb Pricing for Hosting Novices:

Don’t raise your price too soon. It’s important to set your home’s price a bit lower than the average market price to attract those first, important bookings. Trying to compete with older listings that have lots of reviews right away isn’t a good idea; building up your own set of reviews should be a slow and steady process.

Tip: Starting with a lower price helps you build trust and avoids quick rejections. Plus, by having a lower price while still giving excellent service, you can sneakily beat the competition. To put it simply: Lower pricing is often a great way to attract Airbnb guests!

Read Next: Which 5 Tactics Will Elevate Your Airbnb Bookings in 2023?

2. Gradually Escalate Your Listing Price:

After you’ve gathered a good number of reviews, it’s a good time to think about raising your price. Keeping a low price for too long might accidentally cause you to lose out on making more money.

Something Important to Remember: Just because your place is booked a lot doesn’t always mean you’re making as much money as you could be. If people are always picking your place because it’s cheap, they might have been willing to pay more, and you could be missing out on extra earnings. Moving on to the next point:

3. Immerse Yourself in Research:

Try to learn how other hosts, who have similar properties to yours in terms of size, number of bedrooms, style, amenities, and so on, especially those nearby, set their prices.

Tip: Notice how both old properties (ones with a lot of reviews) and new listings (ones with few or no reviews) set their prices. Hosts with more experience and reviews usually charge the full market price.

Read Next: How to Set Competitive Prices for Your Airbnb

4. Deepen Your Research Efforts:

Don’t cut corners. Spend time and effort to really understand how to smartly set your Airbnb property’s price and find out its true worth, judged by how the market reacts. By getting to know similar properties around you, you also get to know who you’re competing against. It’s super important to know your competitors. Also, look into some of the most loved properties on Airbnb and figure out what cool things they’re doing to wow their guests. Do the same things.

Tip: Figure out and do what guests love, and they will likely love you back.

A Helpful Hint: If you like to offer extra stuff to your guests, feel free to charge more for that. A lot of Airbnb hosts do this to make their service worth more, and usually, guests really like these extra touches.

Read Next: How to Become an Airbnb Superhost

5. Timing is Paramount:

Always keep an eye on changing seasons, shifts in when tourists like to travel, and even the differences in prices between weekdays and weekends.

Weekdays VS Weekends: There’s a clear reason why hotel prices go up on the weekends and jump even higher on long weekends – that’s when more people travel. In short: demand goes up on weekends.

Tip: If you’re charging the same prices for both weekdays and weekends, you might want to think about changing your approach.

Read Next: Seasonality: How to Price Your Airbnb Across the Year

6. Stay Abreast of Local Happenings:

Being aware of big events happening in your city that can attract lots of people — either for fun or work activities (like relaxed events such as concerts, musicals, local festivals, big international events like F1 races, the Olympics; or work-related events like conferences, seminars, or exhibits) — is also really important.

Read Next: How to Create the Perfect Pricing Strategy for Your Airbnb


We get it; finding the perfect price for your Airbnb property can be a tough journey. It really does take a lot of time and work — something every successful Airbnb host must go through.

But there’s some good news:

There are Airbnb and property management service companies, like Keey, that are here to help take away the stress and hassle from your hosting duties, making your earnings journey smoother and easier. Take a look at what they offer and see how they can help you with your pricing troubles.

The Ultimate Guide to Insuring Your Rental Home

As a property owner who rents out one or more properties, it’s vital to have rental property insurance. This insurance offers vital coverage tailored to safeguard landlords and their properties from diverse risks and liabilities.

Rental property insurance ensures your investment is protected against potential damages from events such as fire, storms, vandalism, or other specified perils. Furthermore, this coverage includes liability protection, securing you financially if someone is injured on your premises or if you’re deemed responsible for damaging someone else’s property. In this article, we’ll delve deep into all facets of rental home insurance.


What is Rental Home Insurance?

Often referred to as landlord insurance, rental property insurance is a coverage type aimed at property owners who lease out their homes, apartments, condos, or other spaces. Its primary objective is to offer financial assurance in case of property damage or if injuries happen to individuals on the rented premises.

By securing rental property insurance, you’re cushioned against numerous risks tied to renting. Should any mishaps or natural disasters inflict damage on your property, this coverage can aid in shouldering repair or replacement expenses. And, if the property is deemed uninhabitable due to a covered event, this insurance might compensate for the resultant loss of rental income.

It’s pivotal to review your homeowner’s insurance policy before leasing out your property to gauge if it offers any pertinent coverage. Typically, homeowners insurance won’t suffice for rental properties, underscoring the need to procure the right landlord insurance to cater to renting-associated risks.

What Rental Home Insurance Covers

Rental property insurance encompasses multiple facets related to your rental asset. Highlighted below are primary elements usually encapsulated in such insurance:

  • Dwelling Coverage: This caters to physical damages to the structure caused by events listed in your policy, like windstorms or fires. If any of these events harm your rental, the insurance can foot the bill for repairs or restorations.
  • Liability Coverage: This offers financial protection if you’re legally liable for another’s medical costs or property damage on your rental grounds. If someone, be it a tenant or visitor, incurs injuries or property loss and you’re at fault, this component can cover the associated expenses. It also extends to legal defense fees up to the policy’s stipulated limits.
  • Personal Property: Some policies might cover items you provide for tenant use, e.g., appliances. It’s crucial to liaise with your insurer to comprehend the extent or limitations of this coverage.
  • Loss of Rental Income: If unforeseen events render your property unhabitable, this insurance might recompense for the potential earnings lost during that duration.

Read Next: How to Handle Airbnb Guest Damages

What Rental Home Insurance Doesn’t Cover

Despite its comprehensive nature, certain scenarios and costs aren’t covered by rental property insurance, such as:

  • Tenant’s Personal Property: It doesn’t cover any damage to tenant’s belongings. Tenants should secure their own renter’s insurance.
  • Maintenance or Equipment Failure: Typical wear and tear or equipment malfunctions aren’t covered.
  • Shared Property: This insurance generally doesn’t cater to shared housing scenarios where you lease out part of your main home.
  • Flood or Earthquake Damage: These aren’t typically covered under standard policies, necessitating separate policies for such risks.

Read Next: What You Should Do When Your Airbnb is Damaged

Do You Need Insurance for Your Rental Property?

Whether you need insurance hinges on several factors:

For brief rentals, the necessity for rental property insurance might be reduced. If you’re contemplating sporadic short-term rentals, your existing homeowner’s insurance might extend adequate coverage. It’s vital to consult your insurer to discern the extent of coverage and possibly augment it.

If renting out becomes a frequent activity, it’s deemed a business endeavor, meaning typical homeowner’s insurance won’t suffice. It’s prudent to procure dedicated landlord insurance to comprehensively shield your assets.

Landlords should lean towards this insurance, especially for extended lease periods. It buffers you from potential financial setbacks from prolonged Airbnb stays, offering coverage for property damages, liabilities, and unexpected loss of rental income. Such insurance offers landlords both serenity and crucial protection.

For properties specifically earmarked for renting and not used as a primary residence, dedicated landlord insurance is usually advised. Such policies are crafted to offer exhaustive coverage for rental-specific risks, from property damages and liability coverage to loss of rental income.

Boost Your Rental Profits with Keey

Allying with Keey, a premier rental management firm, can substantially elevate your rental profits. Their all-encompassing solutions address every facet of property rental management, guaranteeing optimal outcomes. Keey is adept at featuring your properties on renowned rental platforms like Airbnb and VRBO, ensuring heightened visibility and a steady stream of reservations.

They manage guest interactions, cleaning, maintenance, and timely problem-solving, creating a smooth experience for you and your visitors. By leveraging data-backed pricing tactics, Keey allows you to optimize your rental income, modifying rates in real-time according to market dynamics. With Keey’s vast expertise in vacation rental management, you can attain elevated rental profits while reveling in a hassle-free renting journey.

How can you boost Airbnb earnings?

Delving into the world of Airbnb can be a goldmine, especially when the property is managed effectively and reaches its fullest potential. However, this success comes with the prerequisite of understanding and managing every intricate aspect of the hosting business.

charts and diagrams

In the contemporary, fast-paced hospitality arena, expectations have skyrocketed. Guests, nowadays, not only expect Airbnb accommodations to meet but often exceed the standards of traditional hotels. They desire top-notch amenities, seamless and swift customer service, and an experience that’s memorable. Being an Airbnb host isn’t just about responding to a couple of emails—it’s about managing a full-fledged business venture.

Managing one or multiple Airbnb listings can very well turn into a demanding full-time commitment. From handling guest queries and ensuring meticulous cleaning to formulating marketing strategies and setting the right price, there’s a myriad of tasks to juggle. For many, this isn’t just a side hustle but a primary occupation. The truly successful hosts manage to generate a substantial income, showcasing the lucrative potential of the platform.

So, what strategies can be implemented to enhance Airbnb revenue?

1. Dynamic Pricing:

One of the simplest yet effective strategies to amplify your Airbnb earnings is by employing dynamic pricing. Adjust your rates for weekends, peak seasons, and off-peak times. The crux lies in ensuring you don’t undervalue your property. Research the pricing strategies of nearby hotels and other Airbnb listings, especially during significant local events. Despite a hotel offering luxurious amenities like a spa, the spaciousness, garden, or the charm of your neighborhood might have a unique appeal to many guests.

2. Listing Optimization for Maximum Conversion:

It might sound fundamental, but it’s staggering how many hosts overlook the potential of listing optimization. To drive interest and secure bookings, you must make your listing stand out. High-quality, captivating photos that truly represent your property and its unique features can make a world of difference. The title of your listing should be catchy and immediately grab attention. Finally, an elaborate description highlighting the amenities, local attractions, and exclusive insider tips can be the cherry on top, providing a comprehensive view of what you offer.

Read More: How to Create a Title and Description that Will Optimise Airbnb Listings

3. Strategically Set Cleaning Fee:

Consider slightly elevating the cleaning fee to augment your earnings from the listing. However, it’s pivotal to maintain a balance to ensure it remains attractive for short stays as compared to hotels. For hosts who hire external cleaning services, negotiating a long-term contract with a trusted provider can prove beneficial. Efficient communication can also ensure that the cleaning process is swift and seamless.

4. Swift Response to Guest Inquiries:

A timely response can significantly boost your bookings. Given the global nature of Airbnb, hosts often receive messages at inopportune times due to time zone differences. Regardless of the hour, potential guests anticipate immediate answers. In the service industry, the axiom “the customer is king” holds. If you cannot manage timely responses, consider enlisting a dedicated professional to handle guest communication.

Read Next: How to Exceed Your Airbnb Guest’s Expectations and Maximize Bookings

5. Professional Management for Assured Success:

Engaging with a professional short-term rental manager or company can be a game-changer, particularly if managing your Airbnb becomes too time-consuming. Companies like Keey provide comprehensive concierge services, handling every aspect of your property and listing, ensuring an uptick in your rental income.

By adopting these strategies and giving due attention to every detail, hosts can truly harness the potential of Airbnb and ensure a steady and impressive income stream.

Preparing for Airbnb Guests: 5 Essential Steps

writing a to-do list

Preparing your Airbnb for guests goes beyond just clean sheets and a quick vacuum. Achieving success as a host requires meticulous attention to detail and ensuring your space is not only clean but also welcoming. Here are five crucial steps to take before your guests arrive:

1. Bins:

Cleaning and emptying the bins should be a top priority before your guests’ arrival. Don’t limit this to just the kitchen; check all bins, including those in the bathroom. Nobody wants to discover remnants from previous travelers in the bathroom bin. Be thorough in your cleaning, reaching under beds, between couch cushions, and behind doors. Don’t leave any area untouched. Mop tiled floors and vacuum carpets meticulously.

Tip: Consider providing separate bins for recycling and general waste, along with clear labeling. This not only encourages eco-friendly practices but also makes it easier for guests to dispose of their trash correctly.

Read More: Creating Memorable Stays: Best Practices for Airbnb Hosts

2. Sheets and Towels:

If you plan to host guests frequently, it’s wise to maintain a substantial supply of sheets and towels to avoid last-minute shortages. Always keep clean sheets, towels, and essential amenities readily available in the cupboard. This ensures not only that you can provide fresh linens for new guests but also that they have access to additional towels or sheets during their stay. If you’re uncomfortable with this access, be prepared to deliver fresh linens upon request.

Tip: Invest in high-quality, durable linens that can withstand frequent washing. Guests appreciate the luxury of soft, fresh sheets and towels, and it reflects positively in their reviews.

Read Next: Three Hospitality Tips to Make Your Property Memorable

3. Toilet Paper:

Few things are more inconvenient for guests than running out of toilet paper. Ensure you stock an ample supply within easy reach of the bathroom, preventing any awkward situations.

Tip: Store extra rolls of toilet paper in an easily accessible and visible location in the bathroom, so guests can quickly find them when needed. A decorative basket or wall-mounted holder can be a stylish solution.

4. The Kitchen:

While many hosts expect guests to clean up after themselves in the kitchen, it’s your responsibility to ensure they’ve done a thorough job. Cutlery, glasses, plates, pots, and pans should all be spotless and neatly stored. Replace used tea towels with fresh ones, check and refill salt and pepper shakers and other condiments, and clear out any leftover food from previous guests. Make sure the kitchen appears clean and organized.

Tip: Create a simple instruction manual for kitchen appliances like the oven, microwave, and dishwasher. This helps guests feel more at ease and minimizes the chances of any accidental damage due to improper use.

Read More: How to Make Your Airbnb Feel Like Home

5. Valuables:

Safety should never be compromised. Lock up your valuables, whether by taking them out of the house or securing them in a safe. Remove items of value from areas accessible to guests, including jewelry, personal documents, credit cards, electronic devices, antiques, or collectibles.

Tip: Consider installing a secure lockbox or a small safe within the rental property. This offers guests a place to store their valuables during their stay, enhancing their peace of mind.

If you find yourself overwhelmed with Airbnb hosting responsibilities, consider enlisting the help of Keey. We specialize in managing short-term rentals across the UK. Our team can arrange for professional cleaning services to ensure your home is in top condition for your guests. For more ideas on preparing your home for guests, be sure to check out our other posts.

Hosting guests on Airbnb can be a rewarding experience, but attention to detail is key to earning positive reviews and ensuring a smooth guest experience.

How to Build a Property Portfolio?

The world of real estate is vast and filled with opportunities. Whether you’re a seasoned investor or a newbie, building a property portfolio can be a game-changer. But where do you start? Navigating the complexities can seem daunting, but with the right guidance, it becomes a rewarding journey. Let’s set you on the path to success!

1. Understand the Basics

Before you jump into property investment, it’s crucial to grasp the basics. A property portfolio is essentially a collection of property investments owned by an individual or company. The goal? To generate a steady cash flow and, over time, appreciate in value.

2. Start with Clear Objectives

Every successful journey begins with a clear destination in mind. Before you invest a penny, determine what you want to achieve with your property portfolio. Are you looking for long-term wealth, a steady monthly income, or perhaps both? Setting clear objectives will guide your investment decisions and keep you on track.

Read Next: 5 Simple Tips to Jumpstart Your Property Business

3. Do Your Homework

Research is paramount in property investment. Delve into market trends, familiarize yourself with property values across various regions, and monitor rental demands. Grasping rental demand, tenant preferences, and the nuances of diversification is essential. These elements significantly influence your investment choices.

4. Seek Expert Advice

While it’s essential to do your research, consulting with experts can provide invaluable insights. Property consultants, financial advisors, and even seasoned investors can offer advice, share their experiences, and help you avoid common pitfalls.

5. Start Small

Rome wasn’t built in a day, and neither is a robust property portfolio. It might be tempting to dive in headfirst, but starting small allows you to learn the ropes without taking on too much risk. As you gain experience and confidence, you can gradually expand your portfolio.

6. Diversify Your Investments

Don’t put all your eggs in one basket. Diversifying your investments across different property types and locations can help mitigate risks. For instance, if one property type or area experiences a downturn, your other investments can help balance things out.

7. Understand Financing Options

Having a clear financing strategy is essential. Whether you’re utilizing your savings, opting for a mortgage, or collaborating with fellow investors, comprehending your financing options is pivotal. This understanding will shape how you procure properties and navigate your property investment journey.

8. Consider the Long-Term

Property investment isn’t a get-rich-quick scheme. It requires patience, dedication, and a long-term vision. Think about where you want to be in 5, 10, or even 20 years. This long-term perspective will guide your decisions and help you build a sustainable and profitable portfolio.

Read Next: Why Sustainable Real Estate is the Future

9. Stay Updated

The real estate market is dynamic and ever-changing. Stay updated with the latest trends, market shifts, and economic factors. Regularly review your portfolio’s performance and be ready to adapt to changing conditions.

10. Have an Exit Strategy

While it’s essential to think long-term, having an exit strategy is equally crucial. Whether it’s selling a property after a certain period or when it reaches a specific value, an exit strategy ensures you have a clear plan in place and can maximize your returns.


Building a property portfolio is an exciting journey filled with opportunities and challenges. By following the tips and strategies mentioned above, you can navigate the world of property investment with confidence. Remember, every investor’s journey is unique. So, take the time to understand your goals, do your research, and most importantly, enjoy the process!

Discover how much your property could earn you