Investment Advice for Airbnb Cape Town:
The obvious question is- how many bedrooms should my Airbnb ideally have?
My quick answer is that the number of bedrooms is a driver when trying to make money with Airbnb. But! If everything is not equal; then other drivers are more important.
Like The Following Airbnb Success Drivers:
On the beach will “sell” on Airbnb long before any other.
Experience Airbnb Agent
We have two beautiful apartments against the mountain. The two-bedroom is royal but seventy steps up, with spectacular views. The one-bedroom is as great but at 15 steps only, also with views. However, income is not really different.
Interior and outside living:
Guests pay premiums for funky or modern places with sun-filled light and inviting living areas. Imagine sun-loungers and a deck. It sells.
I mentioned beach location; if you cannot bring the beach to your Airbnb accommodation then try a pool or hot tub. And it does not matter if the sea is just 50 meters away. Airbnb guests will pay a premium for water.
Sun loungers, deck (and pool), amazing location with great interior and a view and you have a seller.
Experience Airbnb Agent
Marketing Philosophy and Rules:
You cannot measure your Airbnb success until you have learned by failing. Going in with an attitude of…. “why do they need a pool? Can they not see the sea?”, or “who wants to watch DSTV on holiday?” or guests “must pay high rates; I pay high rates at hotels!” or “they should stay a minimum seven days!”
These comments are shortsighted and show ignorance. And will cost you dearly.
Should you invest in a two or three-bedroom Airbnb?
It matters only if they look exactly the same, at the same location, with a similar interior. If not, then most of the drivers above are critical.
For more on investment advice: Airbnb Cape Town Airbnb success drivers, I suggest you complete our free questionnaire. The questions we ask will assist in getting a better idea. And you may be surprised to know that your Airbnb rule sets may be a killer driver.
After you completed the questionnaire our calculator crunches “numbers” and sends you a report; automatically emailed to you. More below.
P.S. One bedrooms have a disadvantage as the change over costs for a one-bedroom Airbnb is as much as it is for a two-bedroom and even three bedrooms. Two-Bedroom change-over costs nearly as much as a 4 bedroom but if you give me two two-bedroom apartments next to each other then I take two x2. I’ll rent them as a 4 bedroom or 2x two bedrooms. But, I suppose this is not the only way to look at it. Now we are opening-up flexibility as a driver. See FAQ on flexibility here.
But let me stress: we should never focus on cost. Cost should be driven down but be careful. Cost is a negative concept. If your one bedroom has everything I mentioned above and via the questionnaire then a one-bedroom can beat the best.