Some people have an eye for creating warm and inviting living spaces. Some don't. Remodeling and interior design is a skill that takes years to hone but the results are worth every hour spent learning CAD. When preparing a home for vacation rental, things like the durability of furniture and appliances, easy to clean surfaces, and stylish and attractive furnishing and finishings all play a role and need to be accounted for; more than in re-doing a full-time residence. When home owners want to maximize their investment, and renters want the highest in luxury, renovations and continued updating of household items from couches to flatware need to be instated.
"When guests are choosing a unit to rent, they usually look at the pictures first," says Ben Wolff, one of our top-notch property managers. "A newly renovated unit draws potential guests attention and will ultimately have more people looking at it which leads to more bookings."
This isn't to say full renovations need to happen all at once.
"Generally speaking, the more a property is being used, the more frequently it needs to be updated due to wear and tear. Most owners piece meal their renovations over time as opposed to all at once," says Cameron Murray, our other top-notch property manager. "For example, they may replace the carpet one year, remodel kitchen and bathrooms another year, and paint in yet another year. This allows them to use the off seasons for updating while not cutting into the rental seasons, and, consequently losing rental revenue."
While that definitely sounds like a smart way to go from an investment standpoint, we still love to see complete renovations from head to toe... even if it's just the HGTV lover in us. So, when the owners of Durant Condo unit 5D went all in last year, we were pumped. The exterior got a facelift thanks to the HOA and the interior of 5D followed suit. The results did not disappoint. The before and after photos of the Durant Condos unit 5D truly show what a difference a renovation project can make in a home.