House-Hacking Airbnb Design Build Project
This started out as an old bungalow that was being marketed as a tear down property on the MLS when we came across it, but as a premise Houston Vintage Homes DOES NOT tear down old homes! So for us, it was all about envisioning the next chapter in this 100 year old bungalows life…
After conversing with the homes new owner it was evident we would make this one super neat Urban Bungalow that was also ideally suited for Airbnb. The vision for this home involves bringing it up to today’s standards with all the bells & whistles associated with today’s modern home with many of the traditional lines and features that made these homes great when they were originally built 100 years ago!
Some Neat Tech Goodies…
The technology package we have planned for this home is second to none and I can honestly say I doubt there will be any home in the area with some of the features this home will have! I can’t go into details but features like automated HVAC, Whole Home stereo, surveillance & security system are the START of things! Lots of fun to be had here!
In addition to the updates we have designed this home to maximize it’s earning potential via Airbnb and other short term rental platforms! In fact, Houston is Airbnb’s largest market in the US and is rapidly growing, so we wanted to ensure the homes new owner could take full advantage of this opportunity.
Double or Triple Your ROI via Airbnb!
This isn’t our first foray into Airbnb themed units, as we have developed quite a strong level of expertise in renovating & designing Airbnb properties for investors looking to earn better than average returns with their investment properties.
After paying all expenses (principal, interest, taxes, insurance, repair allowance & property mgmt fees) most investors are happy netting $250 to $300 or more per month on a single family home that may be a 3 bedrooms 2 bath home! Same home rented via Airbnb with the addition of cleaning fee’s may bring in as $600 to $900 per month, same home, more expenses for maids but way more profit! There are people locally netting $1,000 per month and more with properly Airbnb optimized properties!
We have completed and are currently designing several projects that incorporate Airbnb into their design and/or are going to be used solely for short term rentals. This space has exploded in growth and size over the last 2-3 years and is on pace to change the entire landscape of short term housing as we know it. At Houston Vintage Homes we are excited to be at the forefront of the space from a renovation and new construction perspective and bringing awareness to more investors as a potential avenue for profit in their investing efforts.
Community Impact with Airbnb
An added benefit to inner city communities that we have found is that by enhancing these older properties with the right updates and an Airbnb friendly design, we can now help more people afford to live in areas undergoing gentrification! It’s a WIN-WIN solution for the property owner, the community, Airbnb and the city overall as they receive a hotel tax!
If you are interested in learning more about how you can leverage our expertise to execute a similar Airbnb project or urban in-fill development feel free to shoot an email to Tyron@HoustonVintageHomes.com with details of your project.
Stay tuned for more updates on this Urban Bungalow!