Barndominiums are versatile, barn-style buildings that are increasingly popular as both personal homes and investment properties. Whether as open floor plan office spaces or b&bs, there are endless options for these beautifully crafted homes. One thing they all have in common is the skilled craftsmanship displayed in each of these customized living spaces.
Air Bed and Breakfasts, or AirBnbs, allow homeowners to rent out their entire home or just a portion of it to renters for short-term stays and vacation experiences. Barndominiums can be an excellent investment for this type of property sharing. Because they can be completely customized, they provide more opportunities for unique features that renters will find desirable and increase the potential for bookings. For example, adding outdoor spaces for a firepit or an indoor workout room can increase the value and attractiveness of your Airbnb barndominium.
Why list a barndominium on Airbnb?
Whether the intent is to keep the barndominium for yourself in the future or maintain it as an investment property, the added income can be of huge benefit in the short and long term. In addition, Airbnb allows hosts to set their own prices and even provides a tool to determine the best pricing for your space to ensure adequate bookings and maximum profit!
Another huge benefit to listing your barndominium on Airbnb is the tax advantages that accompany it. There are write-offs such as mortgage interest, insurance, and repairs. And income from short-term rentals is tax-free. This increases the return on investment (ROI) for these incredible spaces!
Speaking of ROI, barndominium rentals are a great way to diversify your portfolio. While stocks and other real estate investments are great, the market for short-term rentals like Airbnb is a category all on its own. As most investors know, diversification can help protect assets in the long run and is a great idea for those looking to widen their portfolio reach.
Listing is free and offers flexibility. You’re able to select the dates on which you want the home listed or not listed, as well as the ability to approve tenants. This allows the homeowner to remain in the loop and in control of the property and who stays when. But, if you prefer to be more hands-off, Airbnb also provides 24/7 customer service and features like cleaning and marketing services.
Airbnb also reaches one of the broadest rental audiences online. Their reliability and excellent reputation can help attract the right customers to your barndominium property.
Where to begin?
If you already have an assembled barndominium property you’d like to list for short-term rental, visit Airbnb for more information on how to get started!
If you would like to discuss building a custom barndominium home that maximizes the potential for renting, contact the craftsmen at JJs Custom Builders. We would be happy to create a plan for your future rental home!