How to Increase Your Rental Income by $200/Night with Luxury Additions

Are you looking to increase your rental income by $100-$200 per night? Adding luxury amenities to your property can attract high-paying guests and set your rental apart from the competition. In this blog post, we will explore the impact of luxury additions such as fireplaces, saunas, fire pits, cold plunges, and grills on your rental income.

Fireplaces: The Cozy Touch

Fireplaces are a timeless luxury addition that can significantly increase the appeal of your rental property. According to research, properties with fireplaces can command up to 20% higher rental rates compared to those without. Guests are willing to pay a premium for the cozy ambiance and warmth that a fireplace provides, especially during the colder months.

Saunas: Relaxation and Wellness

Adding a sauna to your rental property can elevate the guest experience and attract wellness-minded travelers. Saunas are known for their relaxation and health benefits, making them a desirable amenity for guests looking to unwind and rejuvenate during their stay. Properties with saunas can see a rental income increase of up to 15%.

Fire Pits: Outdoor Entertaining

Outdoor fire pits are a popular luxury addition that can enhance the outdoor living space of your rental property. Guests love gathering around a fire pit for cozy evenings under the stars, making it a sought-after amenity for socializing and relaxation. Properties with fire pits can see a rental income boost of 10% or more.

Cold Plunges: Unique Wellness Experience

Cold plunges are a unique luxury addition that appeals to guests seeking a wellness-focused experience. Cold plunges offer health benefits such as improved circulation and muscle recovery, making them a desirable amenity for health-conscious travelers. Properties with cold plunges can command premium rental rates and attract a niche market of guests.

Grills: Outdoor Dining Experience

Grills are a must-have amenity for guests who enjoy outdoor cooking and dining. Properties with grills can cater to guests who prefer to grill their meals and enjoy al fresco dining. Grills can enhance the overall guest experience and contribute to positive reviews and repeat bookings, ultimately increasing your rental income.

By incorporating luxury amenities such as fireplaces, saunas, fire pits, cold plunges, and grills into your rental property, you can elevate the guest experience, attract high-paying guests, and increase your rental income by $100-$150 per night or more. Investing in these luxury additions can set your property apart in a competitive market and generate higher returns in the long run.