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How Your Home Can Fund Your Next Adventure
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Could Your Home Pay for Your Summer Vacation?
Imagine sipping an espresso in Rome, kayaking in British Columbia, or unwinding on a sunlit patio in Provence—while your home quietly covers your travel tab. Whether it’s a guest room, basement suite, or your entire home while you’re away, that square footage could be funding your next adventure. Short-term rentals can turn unused space into serious opportunity—the trick is doing it thoughtfully, legally, and in a way that works for you.
Your home is more than a place to live—it’s an asset that can work for you. Many homeowners are discovering the magic of renting out all or part of their property while they travel. Whether you host visitors for a weekend festival or turn your home over to guests while you’re at the cottage, that space has potential. Done right, it becomes a lifestyle upgrade—one that can help make your bucket list a little more possible.
The Idea: Turning Space into Opportunity
Know the Rules Before You Roll Out the Welcome Mat
Before the welcome baskets, there’s one unglamorous step: checking the rules. Not every property is eligible for short-term rentals. Some cities require permits or business
licenses; others ban them entirely. Condo boards and HOAs may have their own restrictions. A few calls or quick online searches can give you clarity.
Insurance & Peace of Mind
Hosting isn’t just about fluffing pillows—it’s about protecting yourself and your property. Standard home insurance doesn’t always cover short-term rentals, so it’s worth calling your provider. You may need an additional rider or coverage designed for hosting. Many platforms offer built-in protections, but double-checking keeps surprises at bay. A little paperwork now can prevent big worries later—and lets you hand over the keys with confidence.
The Pros: Extra Cash & Flexibility
Here’s the fun part: extra income. Hosting guests can help fund vacations, pay for home projects, or simply give you more breathing room in your budget. The beauty is that you control the calendar. Host only while you’re away, rent a spare room occasionally, or make it a regular gig during popular events in your area. It’s flexible, seasonal, and completely customizable—no long-term commitments required.
Of course, extra income comes with extra responsibility. Your space needs to be guest-ready, bookings must be managed, and occasional hiccups are part of the game. There’s also normal wear and tear to consider. Being realistic about your time, energy, and comfort level with strangers in your home helps you decide if this is a fit—or if your summer might be better spent relaxing in your own space.
The Cons: Work & Responsibility
Think of your home like a boutique stay. Start with a deep clean and declutter—less is more when guests arrive. Repair any lingering issues, from leaky faucets to creaky doors. Fresh linens, fluffy towels, and a few small comforts go a long way. The more thoughtful the details, the more positive reviews (and repeat guests) you’ll attract. Even if it’s just for friends or family, a prepared space makes everyone feel welcomed and cared for.
Preparing Your Space
Setting the Scene for Guests
Hospitality is an art. Imagine arriving at a charming flat in Paris—what little touches would make you feel instantly at ease? For your guests, it might be a printed welcome guide, Wi-Fi details, or a list of local coffee spots and restaurants. Clear house rules prevent misunderstandings, while thoughtful amenities add magic. A few personal touches can turn a basic stay into something memorable.
Marketing Your Space
Whether you use a rental platform or spread the word through friends, presentation matters. Great photos are key—bright, uncluttered images that showcase your home’s best features. Highlight what makes your space special: maybe it’s a shady backyard perfect for evening drinks, a rooftop patio with sunset views, or a kitchen that’s a dream for foodies. Descriptions should be honest but inviting. You’re not just selling a stay—you’re selling an experience.
Is This Right For You?
Before you start stocking the fridge for guests, check in with yourself:
- Do you have the time to handle bookings, cleanings, and guest questions (or a plan to outsource)?
- Are you comfortable with others in your space—and with the possibility of normal wear and tear?
- Does your home meet local regulations, HOA rules, or insurance requirements?
- Are you prepared for occasional hiccups, like last-minute cancellations or minor repairs?
- Do you have the budget (and patience) for small upgrades, supplies, and ongoing maintenance?
Answering honestly helps you decide if hosting is the right fit—or if it’s better left as a “maybe someday” idea.
Information deemed reliable, but not guaranteed. Not intended to solicit sellers or buyers under written contract with another REALTOR®.
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