Hello all, Dennis here.
I’ve been an Airbnb host in London, UK for over three years (3 listings) and I want to supercharge my profit for August.
I just took over a 1 BDR property at Soho, London, that is need of modernisation.
Target guest profile: young professionals, couples, students.
Area: the space is right in the heart of the soho hustle and bustle with bars, clubs, restaurants, and shops only a stone’s toss away. Conclusion: the place is noisy.
Target price: £150- £175 per night
I’ve listed some projects I am considering pursuing to increase/justify my nightly price and occupancy:
Buy an upgraded mattress and sofa bed
Provide better guest amenities such as a small bedroom TV
Buy funky non-ikea artwork
Buy a microwave/oven
Replace all windows with double glazing
I would love to hear people’s thoughts on the most effective high ROI home improvements they’ve carried out on their own city flats.
Also any advice on financing solutions, to help invest back into your listing for higher future payouts, that people would recommend in the UK would be greatly appreciated.
Thanks and cheers,