Vacation rentals can come in all shapes and sizes, so what’s the difference between a property you may live in and a property you may rent out? Here’s the answer: not a ton.
Although it’s important to hunt for properties that are appealing to guests, the key difference isn’t really the property itself. What really matters is how you plan on renting out your real estate in Vail!
When looking at these properties, although similar, there are a few desirable traits found in good vacation rental homes when compared to any other property. If you’re planning on renting out multiple levels in a smaller home, look out for things like separate entryways on each level. This allows complete guest privacy and is a huge perk to many travelers! Another desirable trait is ensuite bathrooms if you plan on renting rooms out individually. This means you can advertise each bedroom as a lockoff and have multiple units. Other key differences are amenities based, this entails things like room to park, close proximity to Vail bus routes, and maybe even a hot tub.
What Are My Options?
The real answer is that you can turn any property into a vacation rental, but what are your options for a good one? As listed above, look out for those small but important details, they can really go the extra mile. Your options also depend on your budget! Vail is not a cheap place to buy real estate, but you can get a good studio or 1 bed for 450k. This would allow you to rent it out as an entire unit, another desirable trait to guests. To curb your curiosity and give you a snapshot of the market at one point in time, we have listed a few properties below (pulled from Zillow) that have desirable vacation rental qualities! Happy hunting.
$390,000 1 bedroom, 2 bath, 516 square feet
4570 Vail Racquet Club Dr # 2-1, Vail, CO 81657
This charming 1-bedroom property has a beautiful, ground floor, corner location on the creek which allows for extra windows and an expanded deck with a private, wooded surrounding on the water. A new owner could enjoy the classic early Vail decor or update the finishes to reflect modern trends. Ownership at the Vail Racquet Club includes access to the fitness center, year-round outdoor pool, hot tubs and tennis courts. Located steps from the bus stop for convenient access into Vail Village.
$1,490,000 3 bedroom, 3 bath, 2,391 square feet
2241 Chamonix Ln # A, Vail, CO 81657
Sunny duplex, large windows with views to the south, west and north into BLM land. Large decks off the living room and master enhance the mountain ambiance of the home. Tall pines enclave consists of four residences close to the amenities of West Vail. Easy access to Vail TOV bus. Turnkey.
$900,000 3 bed, 2 bath, 1620 square feet
1825 W Gore Creek Dr, Vail, CO 81657
This 3 bedroom plus loft, 2 bath duplex, is conveniently located near Donovan Park’s open fields and fun for all ages playground, just a short walk to the bus stop (2 min), and easy access to the bike trail which leads you along Gore Creek into Lionshead and Vail Village.