If you own a vacation home on Cape Cod and are looking to increase rental income, thoughtful renovations can make all the difference. By focusing on upgrades that appeal to vacation renters, you can boost your home’s value and make it more attractive during Cape Cod’s busy rental seasons.
Top Renovations to Maximize Rental Income:
-
Upgrade Kitchens and Bathrooms:
Modern kitchens and bathrooms are key selling points for vacation renters. Consider installing stainless steel appliances, granite countertops, and energy-efficient fixtures to make these spaces stand out​.Updated bathrooms with spa-like features, such as rain showers or soaking tubs, can also help command higher rental rates.
-
Create Outdoor Living Spaces:
Outdoor spaces are crucial for vacation renters on Cape Cod, where spending time outside is a key part of the lifestyle. Add or enhance deck areas, patios, and fire pits to create inviting outdoor environments.​Features like outdoor showers and grill stations are particularly attractive to summer renters.
-
Add Smart Home Features:
Today’s vacation renters value convenience, and installing smart home technologies can make your property stand out. Features like smart locks, thermostats, and security systems appeal to tech-savvy renters and provide peace of mind for both owners and guests​. -
Enhance Curb Appeal:
First impressions matter, so don’t overlook your home’s curb appeal. Consider simple updates like a fresh coat of paint, updated landscaping, or even new shutters to make your home more visually appealing​.A welcoming exterior helps attract more renters from the outset.
Additional Tips to Maximize Your Rental Property’s Appeal:
-
Pet-Friendly Accommodations:
Many vacationers travel with pets, so making your home pet-friendly can increase your pool of potential renters. Consider adding fenced areas, easy-to-clean flooring, or pet amenities​. -
Seasonal Flexibility:
Cape Cod’s rental market is strong in summer but extends well into the fall and spring. Investing in cozy amenities like fireplaces and hot tubs can help you attract renters during the shoulder seasons​.
By making these strategic renovations, you can significantly increase your Cape Cod vacation home’s rental income while also improving its value for future sales.
