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How to Choose the Right Furniture for Your Airbnb?

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woman shopping at furniture store

Think of a typical “grandma’s house” with a floral sofa and doilies. If grandma adds a modern table with shiny legs, it would look out of place in her cozy, old-fashioned room.

Your Airbnb’s furniture shows the kind of experience and price level you’re offering. Fancy furniture doesn’t fit in a cheap rental, just like simple IKEA pieces wouldn’t match a fancy place. But, no matter where your furniture comes from, it’s important to make sure it all goes well together. This is what guests are looking for today.

Getting the right look and feel with your furniture can lead to good reviews and more money. Need help starting? Here are our best tips for picking Airbnb furniture.

woman shopping at furniture store

How to furnish an Airbnb

To furnish an Airbnb, first decide what kind of experience you want to give your guests. For example, a fancy rental in the Hollywood Hills will need different furniture than a small cabin in the Rocky Mountains. Furnishing your Airbnb might seem easy, but it’s important to really understand your market and how much you’re charging.

The furniture in your Airbnb is key to making your listing stand out. You need furniture that looks good in photos, whether it’s expensive or not. Also, think about how much you charge per night; the more you charge, the more guests expect.

So, how you choose and arrange your furniture is just as important as the furniture itself. You can go for high-end items or more affordable ones. Below, we’ll talk about how to do this well.

Define your property’s style

Decide on a look before you furnish your Airbnb. Guests often prefer clean, minimalist styles like Scandinavian and Modern Farmhouse, but you don’t have to completely redo your space to match these.

Analyze your market and competitors. Consider whether you’re aiming for a high average daily rate (ADR) or a more budget-friendly short-term rental (STR). Think about your Airbnb’s location: is it in a city or in the mountains? Also, consider if there’s a unique local style or furnishing, like porch beds in the South.

These considerations will guide you to the ideal aesthetic for your Airbnb. Remember, guests seek immersive experiences, so choose furniture that reflects both your market and your pricing strategy. If you’re offering a luxury experience, ensure your furniture is luxurious.

Understand furniture function

You’ve chosen a style – that’s great. Now, focus on the function of your short-term rental’s (STR) furniture. Consider how guests will use each piece. For instance, is the living room ottoman meant for storage, or is it just for show?

Choose furniture that enhances your guests’ experience during their stay. A trendy hanging chair might look great on TikTok and attract bookings, but if there’s no comfortable seating, that’s a problem.

This principle applies to practical furniture too. Don’t choose a stylish dining table that seats only four if your STR accommodates eight people.

Most importantly, avoid prioritizing style over substance. While it’s tempting to design an STR that looks good, don’t compromise functionality and comfort for aesthetics.

Airbnb furniture safety

woman testing a mattress


No matter if your furniture is from Pottery Barn or a garage sale, it must be safe. Safety might not be the first thing you think of with furniture, but it’s important. Taking time to secure furniture properly can prevent big problems later.

Secure beds, dressers, and other large furniture to the wall. Put guard rails on all bunk beds. Ensure that electrical outlets are grounded and meet code requirements. Use cordless blinds to reduce choking hazards and provide child-proofing items like baby gates if needed.

Cost-effective furniture

You don’t have to spend a lot to furnish your Airbnb, but what you spend should match your rental’s price range. Fancy furniture like Crate & Barrel might be too expensive for a budget rental, but could be a good choice if you’re charging luxury prices.

Whatever your price range, it’s smart to think about how you use your furniture budget. Better quality furniture costs more but lasts longer. You don’t have to spend a lot on everything, though. It’s a good idea to spend more on important things like beds and couches and save on things that aren’t used as much, like dining chairs.

What furniture does my Airbnb need?

You likely already know that your short-term rental (STR) needs at least one bed and probably a couch. However, the other furniture depends on your specific unit.

You should furnish rental properties to make the most of all available spaces. Furnish every bedroom with beds, provide plenty of comfortable seating in living and dining areas, and even add a cozy chair or two on patios. Typically, this includes:


Bedroom:

  • Choose a bed with a headboard.
  • Select a comfortable mattress that’s at least eight inches thick.
  • Provide bedside tables and lamps.
  • Ensure outlets are accessible. Use an extension cord if outlets are behind the bed or hard to reach.
  • Include a dresser.
  • Hang a mirror.
  • Place an area rug.

Living room:

  • Offer enough seating for the number of guests your STR accommodates. This might include:
    • A couch or sectional.
    • A sofabed with a pull-out mattress.
    • A loveseat.
    • Armchairs or recliners.
    • A coffee table or ottoman.
    • Side tables.
  • Set up a TV.
  • Add an area rug.
  • Place table and/or floor lamps.

For other spaces:

Patio furniture:

  • Use a bistro table.
  • Add an outdoor couch or loveseat.
  • Include a side table.
  • Provide an umbrella or shade covering.

Kitchen:

  • Have barstools.
  • Consider a kitchen island.
  • Include a kitchen helper for family-friendly STRs.

Workspace:

  • Equip with a desk.
  • Add a desk chair.
  • Provide lighting.
  • Ensure outlets are accessible.

Remember, the furniture you choose should reflect how you price and position your STR. Whether you’re targeting families or couples, luxury or budget travelers, your furniture should match your market.

Where to Buy Furniture for Airbnb

The right place to buy furniture for your Airbnb varies, just as furnishing styles do. If you manage local Airbnbs, shopping in person might suit you best. However, if you manage your STRs remotely, online shopping could be more convenient.

Here are some of our favorite places to shop for Airbnb furniture:

IKEA


IKEA is more than just Swedish meatballs; it’s a one-stop shop for Airbnb furniture. Here, you can find everything from beds and frames to bedding, living room furniture, and decor for every room. While their furniture is generally budget-friendly, they also offer some high-end looking pieces that are still affordable.

Wayfair

For online shopping, Wayfair is an excellent choice. They offer a wide range of options for every budget and room. Wayfair is especially useful if you need to furnish multiple units across different price tiers or manage your units remotely.

West Elm

West Elm appeals to luxury travelers. If you’re aiming for higher average daily rates (ADRs) or competing with upscale STRs, consider West Elm. Their furniture is not only comfortable but also stands out in photos. However, be mindful that West Elm’s higher prices might impact your profit margins if you’re aiming for a modest ADR.

Craigslist/Facebook Marketplace

For local Airbnb hosts who can dedicate time to furniture hunting, Craigslist or Facebook Marketplace are excellent options. You can find high-quality pieces at low prices. However, this approach requires more effort and time to find pieces that match your aesthetic.

American Furniture Warehouse (AFW)

AFW is great for knowing exactly what you’re getting. You can visit an AFW, try out furniture, and then order for your unit’s location. It’s ideal for standardizing your listings and ensuring comfort and quality. However, be aware of potentially long wait times for orders, so check delivery times before purchasing.

Quick Guide to Furnishing Your Airbnb Property

Furnishing a vacation rental home isn’t a quick or easy task. Simply ordering a bunch of mismatched pieces online might hurt your average daily rate (ADR) and revenue. Instead, take time to analyze your market, decide on an aesthetic, and choose furniture that delivers the experience you promise your guests.

You also don’t need to spend too much time furnishing your Airbnb. AirDNA’s improved Rates Tool comes with smart filters that quickly determine your price tier. Whether your short-term rental (STR) is budget, economy, midscale, upscale, or luxury, this tool helps you save time. Then, you can focus on selecting furniture that really makes an impact.

If you feel ready to outsource your property management to an expert, check out our services! 

How to Boost Your Rental’s Appeal for Last-Minute Bookings?

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traveller


If you own or manage a vacation rental and want to increase your occupancy rates by getting last-minute bookings, this is the time to act. The travel industry is currently experiencing a surge in spontaneous travelers, actively seeking flexible and impromptu getaways. They are in search of last-minute vacation rentals, and attracting these last-minute bookers can drastically enhance your short-term rental business, maximizing both occupancy rates and revenue.

In this blog post, we’ll delve into effective strategies that will help you draw in impulsive travelers and secure more last-minute bookings for your vacation rentals. By adopting these tips and techniques, you can optimize your property’s visibility, offer compelling deals, and create an urgency that compels guests to quickly book your property for their upcoming spontaneous trips.

traveler last-minute booking

1. Optimize your online presence

To attract last-minute bookings, having a strong online presence is crucial. Begin by making sure your vacation rental listing is enticing, accurate, and up-to-date on popular platforms like Airbnb, Booking.com, or VRBO. Listing on multiple channels increases your audience and boosts your potential for bookings, helping you fill vacancies. Although this might mean more work and a risk of double bookings, using a channel manager like Keey can unify your calendars and help you streamline and automate operations across multiple channels.

Ensure that your listings draw in potential guests by featuring high-quality photos that highlight your property’s unique features and amenities. Also, craft a compelling listing description that showcases the key selling points and emphasizes the value you offer to last-minute travelers.

2. Offer Last-Minute Deals and Discounts

Create urgency by offering special deals and discounts for last-minute bookings when your property is vacant. You might offer discounted rates for upcoming dates within a few weeks or provide additional perks like complimentary late check-out or welcome amenities. Get creative by linking your rental with a local event, restaurant, experience, or even a tee time at a nearby golf course. Your offers may vary with the season, but focus on what will attract those last-minute travelers. Actively form partnerships in your community to make these offers a reality.

Actively promote these offers on your website, social media channels, and through email newsletters to catch the attention of potential guests looking for spontaneous getaways.

3. Utilize Social Media and Email Marketing

Use your social media platforms and email marketing to reach last-minute travelers. Post engaging content regularly on platforms such as Instagram, Facebook, and Twitter, showcasing your vacation rental and any ongoing promotions. Consider creating ads on Facebook and Instagram; since Facebook owns Instagram, your ad can appear on both platforms simultaneously. Craft a strong call to action to entice last-minute travelers to book with you. Add a booking link across your social media pages to enable immediate action from your followers.

If you haven’t already, develop an email subscriber list of past guests and inquiries, and send out regular newsletters featuring exclusive deals and information on last-minute availability. Segment your email list to specifically target subscribers interested in last-minute offers or those living within a close driving distance. Ensure your subject line is catchy and relevant to your call to action – encouraging bookings for your vacant dates.

Engage your followers further and broaden your reach by offering a referral bonus for new bookings.

4. Leverage Local Events and Activities

Keep abreast of local events, festivals, and activities near your vacation rental. When you promote last-minute bookings, emphasize your property’s proximity to these events and the convenience and unique experiences guests will enjoy by booking with you. Suggest nearby attractions, restaurants, and entertainment options to attract last-minute travelers seeking a memorable getaway.

5.Implement Flexible Booking Policies

5. Implement Flexible Booking Policies

person booking a rental online

Offer more lenient booking policies to appeal to last-minute travelers who often seek flexibility in their accommodation arrangements. Consider reducing minimum stay requirements, providing flexible cancellation policies, or allowing same-day bookings. Ensure Instant Book is activated across all channels to appear in searches by last-minute travelers. Remember, these travelers are looking to book quickly—if they have to wait for your approval, they might move on to another option.

6. Engage with Previous Guests

Utilize guest loyalty and word-of-mouth marketing by reaching out to previous guests who enjoyed their stay at your vacation rental. Offer them exclusive deals for future last-minute bookings. Encourage them to leave reviews and share their experiences on review platforms and social media, thereby enhancing your property’s visibility and credibility.

7.Stay Active and Responsive

Respond proactively and quickly to inquiries, providing potential guests with prompt and helpful information. Remember, timeliness is crucial for last-minute bookings, and any delay in your response could result in a lost booking opportunity.


Embrace the world of last-minute bookings to transform your vacation rental business. Implement strategies that attract spontaneous travelers, and you’ll optimize your property’s occupancy rates, maximize revenue, and establish a reputation for flexibility and responsiveness. Continuously monitor market trends, adapt your strategies, and stay ahead of the competition. By offering enticing deals, leveraging online platforms and marketing channels, and delivering exceptional guest experiences, you position your vacation rentals as the top choice for those seeking a quick escape. Get ready to welcome a wave of spontaneous guests and convert those last-minute vacancies into thriving bookings. Start applying these tips today and see the positive impact on your rental business.

If you feel ready to outsource your property management to an expert, check out our services! 

Can Managing Rentals Ever Be Easy?

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landlord handing keys over

The short-term rental market might not always be as simple as it seems, and if you’ve recently started in real estate, you might have discovered this the hard way. Short-term rentals offer many advantages over long-term rentals, but they also come with their own unique complexities and problems. Today, we’ll closely examine the challenges of managing rentals, and explain why hiring a short-term rental management company is the best way to realize your landlord dreams while staying stress-free.

landlord handing keys over to the tenant

Staying Ahead in the Market

The real estate market constantly fluctuates, and the short-term rental properties market perfectly illustrates this. The cost of short-term renting can drastically change from week to week, influenced by both the economy and seasonal trends.

Short-term rental management is the solution to this problem. A short-term rental management company will track the market for you, ensuring your prices maintain the best balance between being competitive and profitable.

Addressing Frequent Maintenance Issues

Short-term rentals often require more frequent maintenance due to the high turnover of guests. Regular wear and tear can accumulate quickly, necessitating prompt and efficient repairs to maintain the property’s appeal and functionality.

Navigating Legal and Regulatory Compliance

lease agreement document

Landlords must also navigate the complex landscape of legal and regulatory requirements, which can vary significantly by location. This includes adhering to local zoning laws, obtaining necessary permits, and ensuring compliance with safety regulations, which can be a daunting task for many property owners.

Welcoming New Guests Every Week

For many, one of the biggest challenges in managing rentals or Airbnb is the need to continually meet and interact with new people. Some outgoing landlords might enjoy this, but for many, it quickly becomes a stressful guessing game, hoping that the new guests won’t cause trouble.

In reality, guests vary significantly, and hiring a short-term rental management company can bring stability to your life, reducing long-term stress.

Let Your Properties Self-Manage!

The real benefit of short-term rental management is that your properties will essentially manage themselves. This not only saves you time but often saves money too.

The best short-term rental management companies are skilled at maximizing value and profits to the extent that the increased income often outweighs their cost. In essence, while someone else takes a share of the profits, the overall earnings grow significantly.

Moreover, if you aim to elevate your investments, the extra time you gain allows you to explore more real estate opportunities, expanding your portfolio and enhancing your business. There’s truly no downside to employing short-term rental management!

If you feel ready to outsource your property management to an expert, check out our services! 

Short-Term Versus Long-Term Rentals – What’s Better?

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yellow entrance door

Many people actively earn a decent passive income, with some making up to 30% more profit, by renting out their investment properties and holiday homes on short-term let platforms like Airbnb. However, before you rush to upload a listing, consider carefully the pros and cons of both short-term and long-term rentals.

pink door building entrance

Short-term rentals: The pros

Earning Higher Profits – Recent statistics reveal that short-term lets can secure homeowners profits 60% higher than those from long-term lets. For instance, a property earning £1,000 as a long-term let could potentially triple its earnings as a short-term let. Checking nightly rates on platforms like Airbnb quickly shows the significant financial gains available.

Enjoying Diverse Interactions – If you love meeting people from all over the world, you’ll find great value in short-term letting. It offers the chance to meet a variety of interesting guests, sharing experiences that can greatly enrich your life.

Experiencing Greater Flexibility – As the owner of a short-term let, you control when and how long you rent out your space. Should your circumstances change, you have the option to remove the listing or move into the property yourself. For example, if you want to use your Airbnb for a family holiday during the summer, you can easily block out those dates on your calendar. This level of flexibility is unattainable with long-term letting.

Short-term rentals: The cons

Staying On Call – When renting your place as a short let, you must be available around the clock to meet guests and respond to their messages. Listing your property on websites like Airbnb involves handling numerous emails and guest queries, where delayed responses can negatively affect your ratings and visibility on the site.

Frequent Cleaning – New guests arriving weekly means you’ll be doing a lot of dusting, vacuuming, and general cleaning, not to mention regularly washing towels and bed linen. If you dislike household chores, consider hiring professionals, but remember to set an appropriate cleaning fee to cover these costs.

Building Trust with Strangers – Trusting strangers with your space can be more challenging than with a long-term tenant who has undergone thorough reference checks. While platforms like Airbnb generally maintain a high level of trust between guests and hosts, as an Airbnb host, you must be comfortable with welcoming strangers into your home.

Engaging in Marketing – Due to the high turnover of guests, short-term lets require ongoing promotion. You’ll need to keep your listing visible on platforms like HomeAway and Airbnb and use other online marketing and social media tools to attract guests.

Navigating Legal Regulations – In some areas, like London, regulations restrict property owners from renting their places as short lets for more than 90 days a year. Always verify local regulations to avoid fines or legal issues when choosing to rent out your property as a short let.

Long-term rentals: The pros

Long-Term Let

Enjoying Peace of Mind – Hosting long-term tenants means you don’t have to constantly market your property. As a property owner, you can relax knowing your property will be occupied for an extended period, requiring much less effort from you compared to managing a short-term let.

Securing Guaranteed Income – Although short-term lets might offer higher nightly rates, they don’t guarantee maximum occupancy. With long-term tenants, you secure a steady income that is locked in for the duration of the rental agreement.

Benefiting from Invested Tenants – Long-term tenants tend to take better care of your property, knowing they will live there for at least six months. Most of them strive to maintain the property to a high standard, which is a significant advantage for you as the owner.

Long-term rentals: The cons

Dealing with Being Locked In – Life often presents unexpected twists and turns. Being bound to a 12-month contract with a tenant may not be ideal if your circumstances change. Long-term lets limit your ability to adjust occupancy plans or invite friends to stay in your rental during special occasions like Christmas, leading to a lack of flexibility that many owners find challenging.

Relinquishing Control – In a short-term rental, you have the freedom to enter the property after guests depart and manage maintenance and cleaning as you see fit. However, with long-term tenants, you surrender this control. You become dependent on the tenants for the care and maintenance of your property, which can be a significant concern.

Calculate Your Potential Short-Term Rental Income

After considering the pros and cons of short-term and long-term rentals, you can now make an informed choice about what’s best for your property. Consider using our free online calculator to estimate your property’s income potential as a short-term let before making a decision. You may find the amount you can charge per night surprising. For advice about your earning potential, contact Keey. We offer assistance in managing the hassles of running a short-term let, allowing you to enjoy a steady income with ease.

Should You Hire a Short-let Management Company?

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modern chair

Deciding to get into short-term renting can be a big choice for property owners. Many wonder if they should handle everything themselves or get a management company to help. Short-term renting is really popular now in the UK, and there are lots of companies out there ready to help property owners manage their holiday homes.

But like anything else, there are good and bad things about hiring a short-let management company. If you’re new to this or thinking about investing in a holiday home, keep reading to find out more.

modern living room

The Not-So-Good Parts

1. Less Control:

Some people love the idea of running their holiday home by themselves and talking to guests directly. But when you hire a short-let management company, they take over everything. They might tell you when you can or can’t use your own property, and you might not have much say in who stays there or how problems are solved.

2. Extra Costs:

Management companies charge fees, and this can take away from your profits. There might be a fee to get started, a fee for every booking, and other fees to help run your property. If you know how to manage things yourself, you might prefer to save that money.

3. No Promise of Money:

Just because you hire a company and pay them every month, it doesn’t mean you’ll always have guests and make money. Even the best companies can’t promise this.

The Good Parts

white living room

1. They Know What They’re Doing:

If you’re new to this kind of business or want more bookings, a company like Keey can really help. They do everything from listing your place, taking professional photos, managing guests, cleaning, and much more. Even if your holiday home is far from where you live, they can take care of any guest needs at any time. They’ve been doing this for over eight years and really know how to make guests happy.

2. They Help You Get Noticed:

Many owners find it hard to market their holiday home. Pass the Keys can do this for you, listing your property on top UK websites and using the best technology to make sure people see your place. They are a trusted company with great reviews.

3. Make More Money:

While it’s not guaranteed, Pass the Keys does things to make sure you get the most from your property. They adjust prices to keep them competitive, try to fill any open dates, and work with local cleaning and maintenance people to save you money.

4. Stress-Free Owning:

Their service covers everything, so you can just relax and maybe even think about expanding your holiday home business. They give you support at every step, from advice on how to set up your property, mortgage tips, and keeping you in the loop about any rules you need to know. They also check all guests to make sure your property is safe.

In the end, whether you choose to work with a holiday home management company depends on your own situation, like how much time you have, where your holiday home is, and your past experience.

To learn more about what we offer, check out the Services page.

How to Start Renovating Your Home in 2023

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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.

Transforming Your Home into a Profitable Rental

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Interested in turning your house into an Airbnb rental? Homeowners opt for this route for various reasons. For instance, when their children move out, they often find themselves with a spacious house and several unused rooms. Alternatively, some individuals own apartments they rarely occupy due to frequent work-related travel or extended stays at their partner’s place.

What’s certain is that there’s ample profit to be gained by participating in the sharing economy. With over 6 million listings worldwide, Airbnb spans major cities such as London, Paris, Dubai, and Kuala Lumpur. Homeowners of all ages recognize the financial benefits of listing spare rooms or renting out their entire space while they embark on vacation.

Before transforming your primary residence into an Airbnb for additional rental income, it’s essential to consider the potential advantages and disadvantages that can impact your daily life. In this guide, we’ll walk you through the intricacies of renting out your primary residence on Airbnb.

modern living room

Pro: Reduced Booking Pressure

Renting out your primary residence comes with the advantage of experiencing less pressure to secure bookings. In many instances, the absence of guests in your spare room doesn’t result in financial losses. Unlike investment properties that can suffer when vacant, the occasional unbooked weeks in your short-term rental are far less financially burdensome. Moreover, if you’re looking to earn extra income while you’re away for a month by listing your place on Airbnb, the absence of renters during that period isn’t a catastrophic setback.

Con: Necessity to Remove Personal Belongings

Consider Emily, a frequent traveler for work, who routinely rents out her primary residence on Airbnb during her three-week overseas trips. Each time she prepares her home for Airbnb guests, she undergoes the laborious process of removing her personal belongings and securely storing them in safes and cupboards.

This task can be quite unenjoyable for Airbnb hosts, as it requires considerable time and effort. Consequently, many hosts opt to keep their living spaces devoid of personal items. However, this approach can make it feel like you’re residing in someone else’s home, making it challenging to strike a balance between enjoying your own space and safeguarding your valuables.

Pro: Tax-Free Allowances

It’s crucial to engage in discussions with your accountant or tax advisor before embarking on the journey of renting out your home on Airbnb, as tax laws vary significantly from one country to another. In the UK, for instance, homeowners who rent out a room within their primary residence may be eligible for a tax-free allowance. Moreover, if your property qualifies as a Furnished Holiday Let in the UK, you can take advantage of claiming expenses related to fixtures and furniture during tax season.

Con: Registering for VAT

working on a laptop

In the event that your Airbnb rental of your primary residence becomes highly lucrative and generates a substantial income, residents in the UK might find themselves obligated to register for VAT. This, in turn, could lead to bearing additional costs personally or necessitate an increase in your nightly rental rates. Furthermore, property owners in London should be mindful of the 90-day rule, which has the potential to impose limitations on their Airbnb earnings.

Pro: Hosting Fascinating Travelers

Airbnb draws in travelers from every corner of the world, offering a delightful opportunity to connect with individuals from diverse cultures. It serves as a wonderful avenue for sharing valuable insights about your neighborhood, ensuring that guests make the most of their stay. Whether it’s recommending your favorite wine bar or suggesting the best spots for kids to play, you become a local guide. Welcoming guests into your family home can even lead to the development of enduring friendships.

Con: Constant Availability for Guests

One of the drawbacks of converting your primary residence into an Airbnb is the potential transformation of your tranquil family abode into a working space. Welcoming new guests often entails providing clean sheets, fresh towels, a warm reception, and possibly even a welcome gift.

As an Airbnb host, you must be ready to manage it as a business, which includes responding to emails round the clock, assisting guests who may have lost their keys, and handling various other concerns. This continuous involvement can significantly affect your overall enjoyment of your home.

Pro: Generating a Reliable Passive Income

Having an apartment or family home in a sought-after location presents an opportunity to earn substantial income by listing it on Airbnb. Some individuals are able to finance their own travels by renting out their property on the platform while they are away. If you are unfazed by the constant influx of new guests, Airbnb can become the passive income stream you’ve been envisioning. After all, the space is available, so why not capitalize on it?

Con: Decorating Dilemmas

One crucial consideration is how you want your property to be perceived on Airbnb. Attracting guests involves more than just listing a spare room; interior design and decor play a significant role. Colors you might prefer for your family home’s walls may not be appealing to potential guests.

Similarly, a sofa that you personally find exceedingly comfortable might be prone to staining, making it a less than ideal choice for an Airbnb property. If your aim is to maximize earnings through Airbnb, your decor choices should cater to travelers rather than solely reflecting your personal tastes.

Unlock the potential of making money from your primary residence on Airbnb, all while bypassing the challenges of guest relations and marketing. Keey, a seasoned Airbnb management company, boasts a team of skilled professionals dedicated to transforming your home into a thriving holiday rental.

Discover the breadth of our services or engage in a conversation with one of our hosting experts today to explore the possibilities.

What Are the Best Property Investment Strategies in the UK?

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house with coins

The world of property investment in the United Kingdom offers a myriad of opportunities for both seasoned investors and newcomers. However, navigating this dynamic market requires a well-informed approach that aligns with UK property laws and regulations. In this guide, we’ll explore some of the best property investment strategies tailored specifically to the UK property market.

house and money

1. Buy-to-Let Investments:

Buy-to-let investments have been a staple of the UK property market for years. This strategy involves purchasing a property with the intent of renting it out, generating a consistent rental income, and potentially benefiting from long-term capital appreciation.

Key considerations for buy-to-let investors include:

  • Researching high-demand rental areas.
  • Complying with UK landlord regulations, including licensing and safety standards.
  • Calculating financial aspects, such as maintenance costs and property management fees.

2. HMO (House in Multiple Occupation) Investments:

House in Multiple Occupation (HMO) investments involve renting individual rooms within a property to multiple tenants. This strategy can yield higher rental income compared to traditional buy-to-let investments, making it an attractive option for investors.

However, HMO investments come with specific legal requirements in the UK, including:

  • Meeting HMO licensing standards.
  • Ensuring tenant safety and property compliance.
  • Staying informed about local authority regulations and restrictions.

3. Property Development:

Property development entails purchasing properties for the purpose of refurbishing, renovating, or extending them before selling for a profit. In the UK, property development remains a viable strategy, particularly in areas with high demand for modernized or expanded properties.

Key considerations for property developers include:

  • Conducting thorough market research to identify promising locations.
  • Navigating planning permissions and adhering to building regulations.
  • Efficiently managing project budgets and timelines.

4. Commercial Property Investments:

Commercial properties, including offices, retail spaces, and industrial units, offer diversification opportunities for investors in the UK. This strategy provides potential for stable rental income and capital appreciation.

Factors to consider when investing in commercial properties include:

  • Evaluating location and market demand.
  • Understanding lease agreements and tenant dynamics.
  • Staying informed about property maintenance and management.

5. Property Crowdfunding:

Property crowdfunding platforms have gained traction in the UK, allowing investors to pool resources for property investments. This approach enables investors to access the property market with relatively lower capital compared to traditional purchases.

Investors should exercise due diligence when selecting crowdfunding platforms to ensure compliance with UK financial regulations and transparency.

Conclusion:

The United Kingdom’s property market is a dynamic arena that offers a multitude of investment opportunities. Choosing the best property investment strategy in the UK hinges on a deep understanding of the market, a meticulous approach to compliance with UK property laws, and ongoing research.

Before making any investment decisions, seeking professional advice and staying up-to-date with the latest developments in the UK property market are essential. With the right strategies and a strong grasp of UK property regulations, investors can embark on a rewarding journey in the world of property investment in the UK.

If you need any further help with anything property related, feel free to contact us here at Keey!  

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

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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.

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