Transforming Short-Term Rentals on a Budget

In today's bustling world of short-term rentals, standing out from the competition is key to success. Whether you're managing an Airbnb, a vacation home, or investment property, the appearance and functionality of your space can make all the difference. But fear not! You don't need to break the bank to transform your rental into a stylish and inviting retreat for guests. With a bit of creativity and some strategic planning, you can revamp your property for 5 star reviews- without breaking your budget. Here are some practical advice and DIY tips to get you started:

1. Begin with a Plan

Before diving into any renovations or decor projects, it's crucial to have a clear plan in place. In my design process we call it the Design Project Jumpstart.

Start by assessing the current state of your rental property and identifying areas that need improvement.

Consider your target audience and the aesthetic you want to achieve. Are you catering to families, couples, or solo travelers? Are you trying to price your rental inline with other local listings or higher or lower? To charge a premium nightly rate you want to ensure you are delivering a luxury experience worthy of that price.

Once you have a vision in mind, create a budget outlining how much you're willing to spend on each aspect of the revamp. Be sure to think through all costs in addition to products. Will there be delivery or shipping fees? Will you need to hire a receiver? Will you be assembling your items or hiring someone to do so?

What is the timeline? When does the unit need to be photo-ready/ renter-ready?

These are all questions you want to think about before you start the project!

Use the answers to these questions to put together a basic plan containing the design direction, budget and timeline.

2. Fresh Coat of Paint

One of the most cost-effective ways to breathe new life into any space is with a fresh coat of paint.

Painting walls, doors, or even furniture can instantly modernize your rental without breaking the bank.Painting cabinets is a fantastic and affordable way to transform kitchens and bathrooms.

For an upscale yet understated affect consider neutrals and bright whites. Airbnbs are a great opportunity to take more risk that you would in a full-time residence.

To set your unit apart in photos, consider a unique color or wallpaper accent walls. Think about how you can create special spaces your guests will not only love to look at but also be inspired to photograph and selfie in front of.

3. Affordable Decor Ideas

When it comes to decorating on a budget, thrift stores, flea markets, and online marketplaces emerge as treasure troves of unique finds that won't break the bank. These places often offer a diverse array of decor items, from vintage furniture pieces to one-of-a-kind knick-knacks, allowing you to infuse your space with personality and charm without overspending. Embracing the hunt for affordable decor can be an adventure in itself, as you never know what hidden gems you might discover.

In addition to traditional thrift stores and flea markets, don't overlook the potential of discount stores like TJMaxx, Ross, and HomeGoods. These retailers often feature stylish yet affordable decor items ranging from trendy throw pillows to elegant rugs, making it easier to elevate your space without exceeding your budget. Furthermore, online platforms such as Facebook Marketplace and Craigslist offer a convenient way to browse through a wide selection of secondhand decor pieces from the comfort of your home.

For those who enjoy the thrill of bargain hunting in person, estate sales, garage sales, and yard sales present excellent opportunities to uncover special treasures at unbeatable prices. These events can be a goldmine for unique decor items, from vintage artwork to quirky accessories, allowing you to add character and individuality to your space while staying within your budget. By exploring a variety of sources for affordable decor, you can create a stylish and inviting home that reflects your personal taste without breaking the bank.

4. Smart Space-Saving Solutions

Short-term rental properties often present a challenge of limited square footage, necessitating a strategic approach to space utilization. To make the most of every inch, opting for multifunctional furniture is key. Sofa beds, folding tables, and stackable chairs offer versatility, seamlessly adjusting to varying guest needs. Additionally, integrating wall-mounted shelves, hooks, and organizers is a smart tactic to combat clutter and capitalize on vertical space. Implementing clever storage solutions such as under-bed bins and hanging closet organizers further enhances guest comfort and organization.

It's crucial to recognize that guests utilize space differently than full-time residents. Instead of oversized closets, consider repurposing the area for a private workspace or additional storage. By reassessing the functionality of each space, you can optimize the layout to better suit the transient nature of short-term stays. For instance, incorporating shoe storage and coat hooks near the front door enhances convenience and creates a welcoming entry point for guests.

In crafting the ideal short-term rental environment, attention to detail is paramount. Anticipating guests' needs and preferences allows for thoughtful adjustments that enhance their overall experience. Whether it's maximizing multifunctional furniture or reimagining storage solutions, every element contributes to creating a space that is both practical and inviting for temporary inhabitants.

5. Strategic Upgrades

While you may not have the budget for a full-scale renovation, strategic upgrades can still make a significant impact on the overall look and feel of your rental property, not mention increase resale value. Focus on high-traffic areas like the kitchen and bathroom, where minor updates can yield impactful results. We talked about painting walls/cabinets. Also considerreplacing outdated fixtures with modern alternatives, such as sleek faucets, cabinet hardware, and lighting fixtures. Outdated toilet paper and towel racks should be updated as well.

Consider upgrading appliances to energy-efficient models that not only enhance the aesthetic appeal but also save on utility costs in the long run.

Pro-tip: In Airbnbs I like to replace the basic towel bars with either hooks or a rack - the towel bars typically only fit 1-2 towels were as with the hooks you can hang at least 4-5 towels to dry in the same about of wall space.

6. Enhance Curb Appeal

First impressions matter, so don't overlook the exterior of your rental property. Boost curb appeal by investing in simple landscaping, such as fresh flowers, potted plants, or a neatly trimmed lawn.

Upgrade the front door with a fresh coat of paint, new hardware, or a stylish welcome mat to greet guests with a warm and inviting entrance.

Consider adding outdoor seating or a cozy fire pit to create an inviting outdoor space where guests can relax and unwind. Think about it: guests are often looking for a vacation spot where they can enjoy some fresh air. A cozy patio or a little garden can be the perfect place for them to have their morning coffee or unwind after a day of exploring. Consider a firepit surrounded by chairs or a hammock to ready in. Hot tubs are one of the most requested amenities according to Airbnb.

A beautiful outdoor area can make your listing pop on the website, attracting more guests. It's not just about looks though; outdoor spaces also give guests a taste of the local environment, whether it's city lights or country skies. So, investing in your Airbnb's outdoor area is a worthwhile endevour.

7. Focus on Cleanliness and Maintenance

No amount of decor or upgrades can compensate for poor cleanliness and maintenance- and renters will not be shy to mention such in reviews!

Make sure your rental property is spotlessly clean before each guest arrival, paying special attention to high-touch surfaces, bathrooms, and kitchens. Make sure new pillows and mattresses are always incased in protectors. Keep an eye on general wear and tear and be sure to stay ahead of items that become unusable or uncomfortable such as recliners and mattresses.

Regularly inspect and maintain appliances, HVAC systems, and plumbing to prevent unexpected issues during guests' stays. Providing essential amenities like toiletries, linens, and kitchen supplies can also enhance the guest experience and earn positive reviews.

Conclusion

Revamping a short-term rental property on a budget is entirely achievable with the right mindset and approach. By focusing on affordable decor ideas, smart space-saving solutions, and strategic upgrades, you can transform your space into a stylish and inviting retreat for guests without breaking the bank. Remember to plan carefully, prioritize high-impact changes, and maintain cleanliness and functionality to ensure a positive experience for your guests. With a little creativity and attention to detail, your rental property will stand out in the competitive world of short-term rentals.

If you are looking to update or setup your short-term rental property I'd love to connect! The Project Jumpstart is a great place to get professional advisement to springboard a DIY project whereas my Turnkey STR Design Service is a comprehensive design and installation from start to finish.

If you are looking to transform your space or just want to say hi, I'd love to connect! You can reach out through the link below or reach me directly at sarah@sukkhainteriordesign.com.

BY SARAH BRONSTEIN