Important Event After Acquiring Real Estate! About Renovation for Vacation Rental Operations
2024.04.06
Vacation rental has become a common method of real estate operation
There are many forms of investment, such as stock investment and FX investment. Among them, real estate investment is often recommended for reasons such as the relatively stable asset value due to physical asset investment and the ability to generate long-term profits.
Among the various methods of real estate investment, vacation rental investment has been gaining attention recently. With the increase in inbound demand and the need for accommodations for foreign tourists, the number of vacation rentals has been increasing day by day.
Barriers to Starting a Vacation Rental
When you hear about vacation rental operations, you might think, “It seems easier than operating a hotel or inn!” However, vacation rental is a legitimate accommodation business, and there are many barriers to overcome and considerations to be made.
Specifically, they include
- Purchasing real estate for vacation rental facilities
- Checking the requirements of applicable vacation rental laws and applying to local governments
- Renovation and renovation of the interior and the entire property
- Methods of attracting customers
This article focuses on renovation and renovation, which significantly affect the popularity of accommodation facilities.
For laws related to vacation rentals and purchasing vacation rental real estate, please refer here.
Renovation and Renovation for Vacation Rental Properties
First of all, are you confusing “renovation” and “renovation”? Actually, there is a difference in the meaning of these two words.
- Renovation: Restoring the property to its original condition at the time of new construction (e.g., replacing wallpaper)
- Renovation: Changing the facilities and interior of the property to something more convenient (e.g., improving the layout)
Calling a complete overhaul of everything except the foundation of the property “full renovation” instead of “full renovation” is also due to this difference. Knowing the meaning of each word when carrying out renovation work to transform into a vacation rental property can help eliminate discrepancies with contractors.
Points to Consider for Interior and Facilities of Vacation Rental Properties
What’s important in renovation and renovation for vacation rentals is to think from the perspective of the users.
(Examples)
- Number of shower rooms, washbasins, and toilets → Ensure a sufficient number to guarantee convenience
- In the case of a share house, the flow from the private rooms to the common space → Pay attention to whether the private environment of each room is secured
It’s wonderful to renovate with a particular interior in mind, but be careful not to indulge in self-satisfaction.
Renovation and Renovation Examples
Powder Chalet Niseko, a share house-type vacation rental facility in Kutchan Town in the Niseko area, started operations after a major renovation. Originally, this property was old and far from being suitable for a vacation rental in terms of interior and facilities, but as a result of the renovation, it evolved into a vacation rental facility with a very high occupancy rate.
Specific Renovation Details
- Changing the layout to protect the privacy of each room
- Providing a washbasin in each room on the second floor
- Preparing three shower rooms
- Replacing wallpapers and flooring materials
In the following article, we introduce many examples of interiors of vacation rental facilities operated by our company. Please take a look.
Renovation and Renovation of Vacation Rental Properties in Hokkaido
Renovation and renovation of real estate are not uniform and are carried out according to the characteristics of the region and the condition of the property.
For example, if you are going to operate a vacation rental in Hokkaido, where our company is located, you need to pay attention to the following:
- Are cold protection measures such as double windows and heating equipment sufficient?
- Is the parking lot fully equipped for snow?
- Is there an air conditioner (even relatively new properties in Hokkaido may not have one)?
It is recommended to request local real estate and construction companies
If you ask a company like ours that can act as a vacation rental operator, it is possible to operate a vacation rental in Hokkaido no matter where you live. However, considering the renovation and renovation of the property without knowing the local housing situation and living comfort is a difficult task.
In such cases, it’s good to ask a local company that undertakes interior work. If you ask a company with a certain track record in the area to do the renovation and renovation, the likelihood of regretting the interior and layout later will surely be reduced.
In the following articles, we introduce companies familiar with real estate in Niseko and Furano.
Niseko
Furano
Renovation and Renovation are Essential Conditions for Starting a Vacation Rental!
Although there is certainly a simple and personal aspect to operating a vacation rental, it is a legitimate accommodation facility. Naturally, if customers are not satisfied, the reputation in reviews will drop, and the prospect of revenue will disappear. To be loved for a long time, it is necessary to transform into a convenient environment through renovation and renovation.
If you are going to invest in a vacation rental in Hokkaido, choose JANKEN
JANKEN is a vacation rental specialized service that can support investors in all phases related to vacation rentals, from acquiring real estate to operation. If you are thinking of starting a vacation rental in Hokkaido or considering renovation and renovation for the opening of a vacation rental, please contact JANKEN once.
