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Home Real Estate

Budget Tips: Benefits of Rental Properties When Travelling

by Wilfred Shah
in Real Estate, Travel
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Many people today try to avoid hotel rooms whenever possible. They prefer to stay in accommodations that are more like home. For example, they may want a kitchen where they can prepare meals rather than constantly eat out. In fact, many private rentals today cost less than hotel rooms. This doesn’t mean they are cheap or lacking in any way. It’s simply a matter of knowing how to find the best deal.

Work Directly With Property Owners

Rather than turning to a property management company or resort, find a private owner who rents out one or more properties. Cutting out the middleman often allows you to save on your vacation rental. Many sites exist today for this purpose, so check them out first. You might find you can rent a ski chalet, spend a weekend in a yurt, or pass your vacation in a treehouse. The options are endless today when you are searching for vacation accommodations.

However, ensure you know what the rental looks like and what is included. Read reviews to see if prior guests have been happy with the rental. In addition, asking questions about what is and is not permitted is also helpful. For example, some families choose to take their pets on vacation. Learn whether this is permitted and what payment forms the owner accepts. If an owner wants you to mail cash or wire money, looking for a different rental is best.

Know When to Book

People often plan their vacations months in advance, but NerdWallet reports that this may not be the smartest approach. Owners often lower rates approximately four weeks in advance. They know they are running out of time to book the rental, so they will lower the price to draw people in. While more options will be available if you book months ahead, the trip may cost more than if you wait.

Remain Flexible

One way to save on a vacation is to be flexible with the dates. Rates vary greatly throughout the year. People who wish to visit the beach find rates are higher during the summer, as everyone wants to beat the heat. Those who wish to ski will find they pay more when the snow is plentiful and conditions are right. If there is no way to avoid vacationing during the peak season, explore different date ranges, as rates might vary week by week, even during the peak season.

Look Further Out

While staying on the beach or at a Disney World resort would be nice, going further out could save you money. Avoid staying in tourist hot spots and save the funds for other activities. You will pay more to be close to these hot spots, as many people want to do the same. Expand the search and see if doing so could save you a large sum of money.

Go With Friends

Why not split the cost of a rental with friends? Many properties easily accommodate large groups, so you and another family can go in together on the rental cost and have a great time. Traveling with others is always fun, so never overlook this option.

Many people are unaware they can benefit significantly from discount lodging when traveling. It’s simply a matter of knowing where to look. Spend some time exploring different options, and you may find that you have a new favorite place to stay.

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