In a market where pricing and offerings are very diverse, it has been challenging to determine if prices are too high or if I’m leaving money on the table. Obviously you’re going to pay more for a 2000 square foot house than you are a 1 room cabin but how much more?
Suppose the base rate for any “whole place to yourself” for four guests in the market is 100. Pick your currency. They all have running water, electricity, a/c, heat, the things that are required of all listings (a bed) and are for the sake of this experiment, all equally clean and well managed.
If you can pick a la carte to add these amenities, how many units of currency are they worth? (I used base price as 100 so it’s a percentage over base price more you’re paying for each thing.)
(Base is whole place, sleeps 4 price =100). What price (percentage more) would you pay for these things if they matter to you:
- Second bedroom (so your two couples aren’t sharing a communal romp!)
- Half bath in addition to full bath
- Second full bath
- Full kitchen
- Washer and dryer
- Supplies provided (soap, shampoo, conditioner, bodywash, cleaning supplies, oil, salt, pepper, foil/saran wrap, baggies, etc.)
- Scenic view
- Continental breakfast
- Hot tub
- River or lake access on or immediately adjacent to property
- Walking distance to something people want to be near
- Accommodations for your three pit bulls
- Big and tall furniture (high quality, supportive, oversized)
- Baby equipment (crib, high chair, bathing tub, whatever else mom normally has to lug around that host can provide)
Thanks in advance for any discussion on this.