How to Acquire Land and Build Your Own Unique STR Structures
Summary
This article discusses how hosts can design and build unique STR properties from the ground up, sharing advice on buying land, working with architects and contractors, and navigating zoning laws. Hosts can learn from an experienced developer's journey, potentially increasing their listing's appeal and long-term success.
Key Insights
- •Be sure passionate about unique houses.
- •The future of travel is in unique experiences and the more Instagrammable your short-term rental listing, the more likely you are to succeed in the long term.
Action Items
- ✓Make sure land is zoned for vacation rentals.Effort: mediumImpact: high
- ✓Research to find perfect land for your unique STR.Effort: mediumImpact: medium
Tools & Resources
- →Email: Email alexbuildschannel@gmail.com
- →Fiverr: Fiverr
- →Alex on Airbnb: Connect with Alex on Airbnb
- →Alex Builds: Alex Builds on YouTube
- →Den Outdoors: Den Outdoors
- →Host Financial: Host Financial
Common Mistakes
- ⚠Make sure land is zoned for vacation rentals.
More from Getting Started
This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
Curated by Learn STR by GoStudioM