How to calculate the price of your vacation home

Illustration: eucim.es

Setting the ideal price for your vacation rental is a key step you must take before offering your property.

  1. Know your client
    It is very important to know where your guests come from. With this data, you can get closer to your perfect price when setting the prices for the year.

  2. Cover your basic costs
    Calculate the minimum price that allows you to cover all your basic costs to keep your home in excellent condition. It is also relevant to estimate the variable costs that may be associated with each reservation, such as: maintenance.

  3. Look at the prices of the competition
    As simple as entering the different reservation portals such as Booking, Airbnb, etc. In these you can find all your direct competition and be able to know their prices.

  4. Start with a low fee
    o attract your first guests, we advise you to set a price a little lower than your competition. Once you get the attention of a few guests, you can gradually start increasing your price.

  5. Differentiate from the competition
    If your home has an extra such as parking, cinema, Kids club, do not forget to mention it to attract attention. If you do not have these benefits, you can provide extra services such as: a welcome bottle of wine, tours, spa service. To get lower the cost it will be necessary that you make an agreement with a local business that offers them, everyone wins.

    One way to increase your reservations in addition to saving time and money is by approaching Grupo Select, experts in vacation and long-term rentals. They will also take care of keeping your home impeccable.

Contacto:

Whatsapp (+52) 998 241 2424.

admin@gruposelect.mx.

Cel. (+52) 984 163 6343.

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