We’re all ready for a vacation. And if you play your cards right, going away doesn’t have to cost you—it can actually mean extra money. Just list your house as a vacation rental while you’re out of town. A new report by LawnStarter shows that owners living in certain parts of the country can make serious cash by offering their homes to someone looking for a change of scenery (an average boost of $33,000 annually).
Of the 318 cities included in the report—chosen based on return on investment, local attractions, safety, and competitive rates—five top the charts as the highest daily rental income earners: Detroit; Atlantic City, New Jersey; Jamestown, New York; Galena, Illinois; and Holland, Michigan.
Before diving headfirst into the vacation rental market, it’s a good idea to spruce up your place to get it ready for new visitors. Painting the walls a crisp white can help open the space up and set a relaxed tone, just what guests want in a getaway. Swapping out some furniture for a mix of modern and traditional pieces will impress fans of either design. And invest in a slipcover for the sofa so you can pop it in the washing machine when you get back. Bu the most important thing is seating: Add more than you think you need!
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