There are several factors that determine the potential income of renting out your vacation home. The location, size, number of bedrooms, distance to the beach or the city centre, the presence of a pool, the season, and many more factors determine your earning potential. Your income can vary from €200 up to €2000 a week, maybe even more.
You can calculate your earning potential estimate with our rental estimate tool. This online rental income calculator is free of charge and only takes a minute. If you want a more accurate estimate, or if you want a complete assessment when renting out more than one cottage, you can contact us directly.
Location is a very important factor for guests. Some prefer to be away from the city, while others want to be as close as possible to the city centre. But almost all guests want to stay in a nice, safe area with the necessary facilities nearby. Because of the difference in location, two identical cottages can vary considerably in price, up to 25% solely due to the location.
If there is a beach in your area this can also be a significant factor in the rental price. The closer to the beach, the higher the price. If for example, you have two identical cottages, but one is only 200 meters away from the beach, and the other three kilometers, the difference in price can be 25%. And an ocean view, for instance, can increase the price even more.
The rental price increases in line with the number of square meters, bedrooms and beds the house has. If your vacation home has many beds you can rent the place out to multiple families at the same time, as long as they have their own designated area. A rule of thumb is the rental price goes up by 5-7% for each additional bedroom.
It almost goes without saying, the more luxurious an apartment is, the higher the price. Swimming pool, whirlpool, sauna, satellite dish, internet, dishwasher, washing machine are all things that can raise the rental price.
The age and general condition of the cottage are also important while determining the rental price. Generally speaking, guests are willing to pay more for a modern or newly renovated vacation home. However, there is also a demand for older, cosier homes as long as they are well kept.
Any type of event in the vicinity of your vacation home may influence the demand and thus the price. If there’s, for instance, a sports competition, a festival or any other type of event going on in the neighbourhood, it may increase the demand for your vacation home, which means you can increase the price.
Belvilla makes use of smart pricing, also known as dynamic pricing. With this approach, the price is calculated using a combination of historical data, internet searches, market and competitor data, analytics and Artificial Intelligence.
This way you can set the price for your vacation home automatically, so it reflects the real-time market value so that you enjoy the best price, best rate of bookings and maximum income.
You’ll receive the full rental amount within two weeks prior to guest arrival. This means the full rental amount will be in your bank account before the guests walk through the door. In case of a last-minute booking, Belvilla transfers the rental amount as quickly as possible. This way you can always be sure of on-time payment. And if the booking gets cancelled you will be reimbursed up to 100%.
It is also good to know that guests are required to take out a damage insurance policy for each booking. This means your property is automatically insured up to €10,000 in the event a guest damages your cottage. Giving you peace of mind when renting out your vacation home.
We know that promoting your property in as many places as possible is the key to maximise your income. We work with more than 2000+ websites including Booking.com, Airbnb, Expedia, Tripadvisor, Homeaway, Casamundo & others to bring your property the best possible exposure throughout the year.
We’ll leave no stone unturned to ensure that your property gets the attention it deserves. We use a wide range of marketing channels across offline and online channels such as public relations, search engine marketing, digital advertising and social media among other mediums to target customers and get them to book your vacation home.
Having Belvilla as your holiday letting agent comes with several advantages because posting your vacation home on Belvilla means you are also posting your property on 2.000 other booking sites, such as Booking.com, Airbnb, Expedia, Tripadvisor, Homeaway, Casamundo & others.
This means millions of potential guests worldwide get to see it. While you as homeowner have the comfort of arranging everything from one central hub: My Belvilla. Updating your property details within this platform automatically changes your listing on all the other booking sites. No double bookings, no hassle. Furthermore, you are ensured to receive the full rental amount within two weeks prior to guest arrival, your property is automatically insured up to €10,000, ánd cancellations will be reimbursed up to 100%.
With Belvilla as your holiday letting agent you can rent out your vacation home carefree.