How much would YOUR home be worth on Airbnb? New tool calculates income as demand for UK stays increases

Have you ever wondered how much your home would earn on Airbnb?

Future hosts can now know exactly how much they could earn each month by renting their space, thanks to a new tool on the site.

The ‘What’s My Place Worth’ tool calculates your home’s estimated income based on location, listing type and amount of space, as well as factoring in previous Airbnb booking data into the listing. region.

The accommodation site hopes it can encourage more households to register with the site, as demand for travel increases after a year of lockdown.

It’s likely that some travelers, at least to begin with, will consider renting a self-catering vacation home instead of going to a hotel due to health concerns.

Airbnb’s New Tool Helps Potential Hosts Find Out How Much They Could Make on Site

Estimates of what a home can earn are based on booking data for the past 12 months in the local and are calculated by multiplying a price per night by the total number of nights occupied, known as the rate of occupancy. ‘occupation.

However, the amounts provided are estimates and are not guaranteed.

It should also be noted that, if you are a tenant, subletting your property is likely against the terms of your rental agreement – and if you own your accommodation, you may need the rental. authorization of the owner.

The site also shared what makes an Airbnb ad successful, including workspaces and pet-friendly ads.

In the UK, the most sought-after piece of equipment so far this year is pet clearance, followed by searches for properties with Jacuzzis.

Free parking, wireless internet, and properties with pools were also top searches.

Other popular searches were for homes with kitchens, heaters, washing machines, and televisions, suggesting that those looking to get away from it all were looking to spend more time on the property and possibly get away from it all before the vacation to the foreigners are not allowed.

To see how much your home could earn, click here.

The calculator will estimate how much hosts can earn by renting out their property

The calculator will estimate how much hosts can earn by renting out their property

“Customers love our claw-foot tub and fresh eggs”

This is Money spoke to hosts Min and Sam who first listed “The Pigsty” on Airbnb in late 2019. The house is part of their pig farm which has been in the family for generations.

They said that in order to be a great host you have to be responsive and accommodating, going the extra mile – whether it’s putting up balloons for a birthday or finding flowers for a birthday. More importantly, they said hosts should be available to guests if they need assistance during their stay.

Min and Sam are two Airbnb hosts who rent out their property, The Pigsty online

Min and Sam are two Airbnb hosts who rent out their property, The Pigsty online

“Our freestanding tub has to be the most popular piece of equipment, but it’s the extra items we have that make the difference, the little things you forget like a phone charger or toiletries.

“We also offer breakfast with fresh eggs from our chickens and farm roasted coffee beans, which relieves the guests a bit. “

When they first opened they were offering overnight stays, but quickly found that this was a lot of work, they now offer a minimum of two night stays.

“It’s a great way to make money and thanks to Airbnb it’s easy – you can host as much or as little as you want. It’s also a great way to meet people and share what you have on your doorstep. ‘

Short allows criticism for making the areas too “touristy”

Not everyone is a fan of Airbnb, however, with some local communities trying to ban the use of the platform – and others like it – in their area.

Some claim that landlords are switching from long term rentals to short term rentals which are much more lucrative.

This in turn can lead to higher rental rates for full-time residents and the “touristification” of neighborhoods.

In June 2019, ten European cities wrote a public letter asking for more EU help in their battle against Airbnb and other vacation rental sites, saying they were preventing locals from finding accommodation and changing their homes. district.

Amsterdam, Barcelona, ​​Berlin, Bordeaux, Brussels, Krakow, Munich, Paris, Valencia and Vienna said: “European cities believe that houses should be used first and foremost for living in them.”

He said many countries are facing a housing shortage, which is exacerbated by the large number of homes rented for short-term rather than premises.

However, the website continues to gain popularity with thousands of listings available in the UK and overseas.

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