It seems obvious why people would buy a house to use as an Airbnb, as it’s a way of making money through short term rentals. However, what you do need to make sure is that you make the right decision when it comes to buying the correct house. It is worth considering a number of aspects, like, for example, business assets insurance, a conveyancer online and farmland for sale as these aspects are often overlooked when looking at purchasing a house for business purposes. Finally, there are two further areas that are useful to include which are, construction cleaning services and the use of an Insurance broker. Once any site has been finished, it will need cleaning so this would appeal to would-be renters and also having the correct type of insurance in place will also help market your asset.
Aside from these points, there are also a number of other aspects to take into consideration to ensure that your Airbnb is successful. Below we will highlight a few of then we will take a look at which parts of New Zealand would be worth buying a property to use as an Airbnb.
- The Location
You need to understand the market area that you are going to buy in as each location is different. It’s worth going on the Airbnb site and other sites similar to this to see what is already available in the area you have in mind. You also need to consider what local attractions, events and how the seasons can affect the success of your Airbnb. It may be that you have the potential to make lots of profit in the peak seasons, but you may also have periods when your home is quiet. As much as location is important, you need to be clear about the location to any potential guests. It could be that your property is not located in a place that everybody wants and it may be that a parking space may be preferred over the location. Additionally, you don’t have to feel like you need to buy a property that is central. There may be guests who prefer quieter, rural locations. If you buy a property in a quiet location, you may widen your options as you’ll be able to advertise the fact your home may be able to accommodate more guests.
- The Space
Consider what property to buy. A one-bedroom apartment will work well for couples as well as professionals who made look to re-book your property. However, If you have a two-bedroom place in mind, you could sleep six if you include a sofa bread in the property and you are likely to attract families and groups of friends. If you have your eye on a bigger property, for instance, a property that has between four and six bedrooms, then you could consider charging more on a weekend as well as throughout the year as you will probably attract groups of people ie large families and groups of friends.
- What to purchase
If you decide to buy an apartment then make sure you check the lease terms. It this probably worth getting legal advice as leases can be complicated to understand. If you buy a house instead of an apartment then you don’t have to worry about the lease. It’s also more likely that you will have some outdoor space which is a bonus for the family market.
Once you purchase the right property and you set up your Airbnb to suit the market that you are trying to target, you should see that you can achieve a nice income, all year round.
If New Zealand is the place where you wish to purchase a property to use as an Airbnb, there are different locations for you to consider. After all, many people would love to visit New Zealand and this is something that can be taken advantage of.
A popular place for those that love water-sports, fishing and sailing. The Bay of Islands is located around three hours from Auckland by car journey. This region consists of 144 stunning islands. There’s plenty to do on the Bay of Islands whether you’re in or on the water, you can scuba dive or get well acquainted with the marine life in the Bay of Islands. If you prefer not to get in the water you could go whale or dolphin spotting and if you fancy it, you can swim with wild dolphins. It’s clear to see why this is a sought after destination for tourists and why an Airbnb property in this area would be hugely popular.
A truly stunning part of New Zealand,
was created by glaciers during the ice age and this can still be seen when looking at the scenery, which is full of waterfalls and mountains. Visitors to the area love to explore Milford sound via boat where it’s possible to see the waterfalls as well as the wildlife in the area which includes penguins and dolphins. Alternatively, there is the option to head into the waters on a kayak tour. Again, it’s clear to see why this would be a hotspot for an Airbnb.
Not only is this the largest city in New Zealand, but it’s also one of the best places to visit. Lots of flights arrive in to Auckland airport which makes it the perfect city to start exploring New Zealand. Therefore, we don’t really need to explain why an Airbnb property would be successful in Auckland.
Although Christchurch has been hit by earthquakes in recent times, a visit to Christchurch will show how the city has come back to life in such an amazing way. Many of its original attractions are still available to see, hence why it is still a popular destination for those who visit New Zealand.
For those who love adventure, consider Queenstown. During the spring and winter, it’s the area that’s known for world-class skiing, but there’s still lots to do all year round, such as river rafting, sky diving and bungee jumping. Again, it’s easy to see why it’s an ideal location for an Airbnb property as it’s likely to be popular all year round.
If you decide to purchase a property for Airbnb use in one of the above areas, it seems obvious why there wouldn’t be a reason for it to be a success.