What makes a successful bed and breakfast? A good B&B is like a cross between a quality hotel and a private home, with extra personal touches and service. Individual guest rooms might number anywhere from just one or two up to six or more. The proprietors live on site in their own private space and connect with their guests in a way that is “homier” than a typical anonymous hotel experience.
These days, having a home business can be a great way to earn income. Rather than simply working “out of your home,” make your house itself the draw that works for you. If you’re the type who enjoys making folks feel comfortable and welcome in top-notch surroundings, running your own bed and breakfast may be just the ticket.
Include Home Remodeling Professionals in your Plans
Whether you want to escape the rat race and be your own boss, supplement your existing income or simply cater to your enjoyment of being a host or hostess, sit down with your building contractor to brainstorm about how you might appropriately plot out your home’s existing space to accommodate a B&B.
Make sure you get your contractor’s expert know-how on all zoning rules for your neighbourhood and all required permits. Then have fun deciding on the details: do you want to include a mini kitchen, private terrace with hot tub and spa-like bathroom amenities? What about a specific layout and décor theme for each room?
What Affects Your B&B Rental Rate?
Do some research and make comparisons with other establishments in the area. Look at tourist-friendly websites your local chamber of commerce so you can get some guidelines for and keep in line with the going rate in your area. Consider the particular comforts and conveniences you offer, such as a deluxe whirlpool tub, private deck or use of a swimming pool, and whether they are over and above the usual amenities.
And of course, location, location, location always has a bearing. Where you are situated with respect to local attractions? Are you beachfront? Close to a popular historical or arts and culture district? Make a list of your proximity to various tempting sites and experiences.
Benefits of Turning Your Extra Space into a B&B
Take pride in the relaxed atmosphere and appealing treats you provide while doing something you love to make an income without leaving home. And when it comes time to sell your property, you can expect a healthy profit margin from a home that’s already fully equipped as a bed and breakfast, especially if you’ve established a reputation in the area as a quality place to stay.
Most B&B owners don’t expect year-round total occupancy, but the space doesn’t have to go to waste. When your rentals rooms aren’t occupied, you’ve always got some terrific guest space for visiting family and friends.
Bed and breakfast establishments are gaining popularity throughout the country, especially in a vacation destination like Florida. Have as many or as few rooms as you like, depending on the square footage of your home and how much you are comfortable with overseeing. Once your home renovations are complete, the perfect personal touches will be up to you, the new proprietor!
Greg Nelson is the owner of Nelson Construction & Renovations Inc. He is a Florida State Certified Building Contractor, creating artistry in all areas of design and construction projects. He is a musician, and artist. A husband and father, Greg appreciates all the wonderful elements of family life.
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