What NOT to Focus On
Mini-bar
Some vacation rentals have begun to offer mini-bars. This might be a good form of revenue, but most guests don’t touch them. It might suggest to guests that you are trying to sell them an overpriced snack. Guests generally appreciate honesty, so it’s best to offer food or drinks that are local and are clearly complimentary.
Gym
Fitness facilities are becoming less important for travelers. Some big hotels spend a lot of money on their gym, but that doesn’t mean they are used a lot. Many visitors think of holidays as a place for rest and relaxation, not as a place to lift weights. Some guests of course see exercise as an important part of a holiday in Greece, but unless your target guest is a fitness buff, it’s better to invest in other amenities.
Elxis's Research
We asked 600+ home seekers the ideal features of a home in Greece, and this is what they responded. The results come from a survey available on Elxis’s website and newsletter, so you won’t find these insights anywhere else on the internet.
Among amenities, terraces are the most important for home searchers in Greece, ranked higher than sea views, mountain views, pools, gardens, and outside kitchens. 54% of people surveyed said that having a terrace was “very important”, compared to 47% for the next category: sea views. People searching for a home in Greece felt that pools were also important, and they felt more neutral about the garden, garage, and storage.
Expected Income on a Rental Home in Greece
The rental income on a home in Greece varies greatly based on the region of Greece where the home is located. Important factors determining the price of renting include sea views, distance from tourist sites, walkability, distance from the airport, date of construction, and the outdoor/pool area.
Depending on the villa, its finishes, and its furniture, a villa can rent in the high season for roughly 80-120€ per night and bedroom. There are various rental management companies which charge 10-30% commission, depending on the services that are included (ie. Housekeeping, pool and garden cleaning, guest communication, marketing and tax registration).
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