Saratoga Springs New York Vacation Rental Report
Success Stories & Vacation Rental Trends, Updated October 2022
If your primary reason for not renting out your home is that you’re uncertain whether it will be a success or not, there are several positive rental trends you should consider as you prepare to list your Saratoga Springs property. In particular, there are five factors that tend to make a short-term rental a successful one: While you might want to keep in mind these factors as you plan your vacation rental in Saratoga Springs, they are also useful to keep in mind when you plan your own short-term rental
There's a lot of perks to renting out your home while you're away on vacation. First, it helps to save money. Second, it gives you a chance to connect with guests in a unique way. Third, it gives you an opportunity to share your Saratoga Springs home with others. And fourth, it offers you the chance to make some extra cash. If you have the space and the time, renting out your Saratoga Springs home for short-term rental is a great way to boost your income and get some much-needed R&R! There are a few things to keep in mind when you decide to rent out your Saratoga Springs home for short-term rental. First, make sure that you're aware of local laws and regulations. For example, if you plan on renting out a room in your home, be sure to check whether there are any local rules that prohibit this type of short-term rental. Second, make sure that you've read through the listing carefully before submitting an application request. Third, check the property at least once every week or two throughout the duration of your stay (and do so yourself). And finally, be sure to have all utilities turned on prior to arrival and plan for potential potable water shortages (in case of power outage or water main break).
Positive vacation rental trends in Saratoga Springs, New York when you considering renting out your Saratoga Springs home as a short-term rental include: The number of vacation rentals has grown significantly over the past decade. In 2016, there were nearly 4,000 listings available on Airbnb and VRBO, compared to just over 700 in 2012. This growth has been driven by the increasing popularity of short-term vacation rentals among both tourists and locals alike. The number of vacation rentals has grown significantly over the past decade. In 2016, there were nearly 4,000 listings available on Airbnb and VRBO, compared to just over 700 in 2012. This growth has been driven by the increasing popularity of short-term vacation rentals among both tourists and locals alike. In addition to providing an extra income stream for homeowners, renting out your house through a short-term rental can help make it more attractive for prospective buyers. When it comes time to sell, it’s important that you price your home correctly to avoid losing potential buyers due to its lack of availability during peak season. Therefore, it’s important to have a solid plan in place before listing your property on a short-term rental platform like Airbnb or VRBO.
Note: These averages are based on a 3 bedroom home in Saratoga Springs. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
If you are a speculative home buyer or have another home in New York, check out our other New York Vacation Rental Management reports in Albany, Beacon, Buffalo, Cooperstown, Hyde Park, Jamestown, Lake George, New York, Niagara Falls, Poughkeepsie, Utica, Chautauqua, Ellicottville, Manhattan, Far Rockaway, Mayville, Queens, Great Valley, Ashville, Dewittville, and Hammond, New York or view all of our vacation rental market reports