How to maximize your cabin investment
Buy a cabin at the right time
Sometimes, timing is everything—and purchasing a cabin is no exception. Cabin owners who are looking to sell can command top dollar in peak season and the month or two leading up to it, when there are more visitors and the market is in highest demand. So, if you’re looking for a deal or the lowest prices, your best bet is most likely to shop around in the off-season.
For ski locations, you’ll probably see more competition in late fall (when anticipation for ski season is high) or winter. To give yourself more opportunity to negotiate, you could consider browsing in the spring or summer. On the other hand, if you’re thinking of buying a lake cabin, you might want to avoid the most popular summer months.
Invest in a cabin in the right location
It probably comes as no surprise that if you’re buying a cabin, you’ll want to prioritize location. Think about the location of your cabin investment both generally (Are you near a national park? A ski resort? A river?) and specifically (Is your cabin directly on the water, or a couple miles away?).
If you’re looking to invest in a ski cabin, Eaton says, “The best ski cabins have ski-in/ski-out access,” meaning you have direct access to the slopes from the home. For locations near water, a lakefront or riverfront cabin is likely to command higher nightly rates (and earn you more rental income) than one that’s slightly further away. And if you’re buying a cabin that’s not near skiing or water, fear not—there are all sorts of other attractions you can still keep in mind, like hiking trails, state or national parks, and scenic highways.
Lastly, it’s a good idea in general to look closely at vacation properties that are within a few hours’ driving distance of larger cities. That gives you a pool of potential guests who are already nearby—which is useful since many people currently prefer road trips to plane travel.
Choose smart cabin amenities
When you think of investing in a cabin rental, think beyond a stereotypical rustic, one-room log building. With the right vacation rental amenities, a cabin can become a spacious family gathering place, a luxurious retreat, or a perfect remote-work getaway. Eaton says, “I believe every cabin should have some basic functional and structural features: a traditional kitchen, big windows to take in the surroundings, a large deck, cozy rooms with big comfortable beds, and enough storage for recreational toys (bikes, gear, tack, ATV, snowmobiles, etc.).”
Here are some more cabin rental amenities to consider that may help you maximize your property’s potential:
- High-speed internet: A strong internet connection can attract guests looking for a cozy vacation home where they can do remote work or online school.
- Hot tub: Guests seem to agree that a hot tub enhances any chilly mountain vacation. Cabin rentals with hot tubs can earn up to 20% more revenue than those without.
- Pet-friendliness: For many guests with dogs, renting a cabin wouldn’t be the same without Fido there to enjoy hiking, swimming, or romping in the snow. So, consider allowing pets at your cabin—it pays off. Our data shows that dog-friendly properties can see a 10–20% boost in rental income.
It’s also wise to make sure your cabin has amenities that suit the type of guests you expect to host. Got a snug one-bedroom cabin that’s totally off the grid? You’re probably going to host a few romantic getaways, so a fireplace or fire pit could be nice to have. Buying a cabin with five bedrooms that’s perfect for families? See if there’s a room that could fit a ping-pong table, or high ceilings that can suit bunk beds for the kids.
