A large home is something that almost all homeowners crave. The only problem is that when it comes to the upkeep of a sizeable home, it doesn’t tend to come cheap. That is why a lot of homeowners with large homes choose to monetize them by turning them into a bed & breakfast.
The most popular way of doing this is by renting out a section of your home to tenants. However, if you are not keen to have full-time housemates, another option could be to launch a bed and breakfast from your home.
Starting a bed and breakfast could allow you to realize a dream that you didn’t even know you had; working for yourself. Imagine using your home to start a business – what could be more exciting than that?
Like the idea of turning your home into a bed and breakfast to make it more affordable to run? Then read on for everything that you need to know to do so.
Decide on the type of service you will offer
Consider whether you would like to have guests staying at your home or whether you would prefer to have accommodation outside of your home. A lot of bed and breakfasts now offer glamping stays as a pose to traditional in-house bedrooms.
If you have the outdoor space to set up a selection of yurts fully furnished like a bedroom, then perhaps this could be a better idea? After all, a lot of people like the idea of sleeping outdoors but living in luxury, which is why glamping has become so popular. There is a lot of money to be made from glamping.
Build a relationship with contractors
If you are going to ensure that your bed and breakfast operates smoothly, regardless of what happens, it is vital that you build a strong relationship with local contractors. As that way, whatever happens, you will have people on hand to help you deal with the problem.
Whether a pipe bursts and you need a plumber, or your electrics keep shorting out and you need to determine what the problem is. When it comes to finding contractors, you can find some incredible resources like https://www.itselectriccharlotte.com/ online. All it takes is a quick Google, and you can find plenty of help on hand locally.
Go down the luxury route
The fact is that if you want your home to work well as a bed and breakfast, it is important to go down the luxury route. The fact is that people are willing to pay for a luxe break, something that is unique compared to what they get at home. Think handcrafted soaps, homemade bread, jams and pastries, high thread count bed linen, and locally sourced blends of tea and coffee. The more niche and luxe your bed and breakfast is, the better.
To make your home more than just a bed and breakfast, and turn it into more of a retreat, it’s important to get creative. Don’t simply offer bed and breakfast, consider offering all-inclusive trips that include classes like early morning yoga, or activities like foraging in the local woods. Or, you could hold cooking classes in the kitchen, teaching your guests how to make local recipes. The more creative you can be, the better – you could even offer soap making classes.
If the upkeep of your large home is too expensive, utilizing the space and monetizing it can be a fantastic thing to do.
This post is a collaboration and may contain sponsored affiliate links. All opinions are our own.