Hi! Brandon again,
This post has been an interesting one to write - and one that I'll personally be taking to heart in the future.
What is Airbnb?
For those of you who don't know, Airbnb is one of a number of services that allow users to list a room or rooms in their home or property as a sort of DIY hotel for travellers, out-of-towners, etc to stay in a usually cheaper fare. There are quite a few of these - FlipKey and HomeAway to name a couple, and they're brilliant for not only your wallet but also for getting to experience staying somewhere from the local perspective.
Benefits of a self-contained Airbnb
- Low maintenance
- Passive income
- Meet new people (or not)
- Not difficult to set up
- Good way to use empty areas of your home
Are there special requirements that need considering?
In new zealand, there are some requirements for building a second dwelling or area like it on one property - and some things that aren't necessary but should be done anyway.
In a recent job that Add Value completed, we had the customer wanting to convert the lower floor of his home into a self contained living space. To do this, council approval was required at various stages as things like a second kitchen had to be built and the entire area had to be re-protected against fire hazards and similar potential issues. Something that was not required but a good idea was the noice control surface we installed in the roof - it prevented any sound getting form upstairs to downstairs and vice-versa, which not only boosted the worth of the pace but gave both host and guest a better experience.
Now how do I get started, and what culd it earn?
Setting it up is easy - All you need is a photo or two of the area and you can go online to one of the Airbnb-like websites, create an account, and list the area with the photos you took. simple!
As for what you could earn? How much you get from it depends a lot on demographic and size/quality as well as number of guests you can host - but most commonly are places like apartment rooms and entire houses / batches that aren't often used and can have anywhere from to 4 guests staying at a time. These can range anywhere from 90 dollars per night up to a couple of hundred dollars a night each, and higher - so if you can get a good place set up to host, you can be generating a couple of thousand a month with little effort on your part!