The short-term rental market in Biddeford, Maine, is thriving, with a strong 68% median occupancy rate, an average daily rate of $216, and an annual host revenue of $47,000, making it a highly profitable and stable investment opportunity.
Thriving Short-Term Rental Market in Biddeford, Maine
Biddeford, Maine, is experiencing a robust and lucrative short-term rental market, making it an attractive destination for both hosts and guests. The city boasts a median occupancy rate of 68%, indicating a strong and consistent demand for short-term rentals throughout the year.
On average, short-term rental listings in Biddeford are booked for 248 nights annually, with an impressive average daily rate of $216. This translates to a typical host income of $47,000 per year, highlighting the profitability of investing in short-term rentals in this vibrant city. The peak season, which spans from late spring through the summer months, sees increased booking rates and higher prices, further enhancing the revenue potential for hosts.
Short-Term Rental Regulations in Biddeford, Maine for 2024
Registration and Fees
- All short-term rental properties must be registered annually with the city of Biddeford.
- An annual registration fee of $100 per unit is required.
Health, Safety, and Building Codes
- Hosts must ensure their properties meet all applicable health, safety, and building codes.
Guest Limitations
- There is a maximum limit of two adults per bedroom.
- Additional restrictions may apply to the total number of guests allowed in a property.
Noise Ordinance
- Hosts must comply with the city's strict noise ordinance, which could impact guests' activities.
Lodging Tax
- A 9% lodging tax is imposed on all short-term rentals, which is collected and remitted by Airbnb on behalf of the hosts.
Property Compliance
- Properties must be in compliance with local zoning laws and other city regulations.
- Hosts may be subject to inspections to ensure compliance with these regulations.
High-Revenue Neighborhoods for Airbnb in Biddeford, Maine
Why These Neighborhoods Are Appealing
Here are the top neighborhoods in Biddeford, Maine, that generate significant Airbnb revenue, along with the reasons they are attractive to guests:
Biddeford Pool
- Proximity to Beaches: Biddeford Pool is a coastal area with direct access to beaches, making it a prime location for guests seeking beach vacations.
- Outdoor Activities: The area offers various outdoor activities such as swimming, surfing, and beach walks, which are major draws for tourists.
Fortunes Rocks Beach
- Beachfront Properties: This area is known for its beachfront homes and condos, providing guests with stunning ocean views and direct beach access.
- Recreational Opportunities: Guests can enjoy a range of beach activities and scenic walks along the coast.
Hills Beach
- Scenic Views and Beach Access: Similar to Fortunes Rocks Beach, Hills Beach offers beautiful ocean views and easy access to the beach, making it a favorite among guests.
- Family-Friendly: The area is suitable for family vacations with its calm and safe beach environment.
Downtown Biddeford
- Historic Charm and Modern Amenities: The downtown area is revitalized with historic charm, modern shops, restaurants, and cultural attractions, appealing to a wide range of guests.
- Proximity to University of New England: It is also attractive to visiting families or scholars due to its proximity to the University of New England.
Kennebunkport and Nearby Areas
- Historic Homes and Coastal Charm: Kennebunkport and surrounding areas like Kennebunk offer historic homes, coastal charm, and a variety of outdoor activities.
- High Demand for Short-Term Rentals: These areas are popular for their scenic beauty and rich history, making them highly sought after by Airbnb guests.
Key Factors Contributing to Revenue
- Seasonal Demand: Peak season during late spring and summer months drives high booking rates and higher prices due to the area's coastal charm and outdoor recreational opportunities.
- Diverse Property Options: The availability of various types of properties, from historic homes to contemporary condos, caters to a wide range of guest preferences.
- Amenities and Services: Properties that offer amenities such as bike rentals, beach gear, fully equipped kitchens, and proximity to local attractions enhance their appeal and revenue potential.
Tips for Furnishing and Designing an Inviting Airbnb in Biddeford, Maine
Defining Your Property's Aesthetic
- Align your property's aesthetic with Biddeford's coastal charm and rich history. Incorporate elements that reflect the city's unique style, such as nautical themes or historic decor.
Choosing the Right Furniture
- Invest in quality furniture that is both comfortable and stylish. Avoid cheap, generic pieces that can be found in many other Airbnbs. Opt for statement pieces like couches, coffee tables, and dining room tables from premium retailers.
Functional and Comfortable Spaces
- Ensure each area of your property has a clear purpose. Create well-defined spaces such as a reading nook, dining area, or relaxation spot to enhance the guest’s experience.
Local Touches
- Incorporate local design elements and decorative items that highlight Biddeford’s coastal and historic features. This could include artwork, guidebooks with local recommendations, or nautical-themed decor.
Neutral Color Palette
- Use a neutral color palette for walls and large furniture pieces to create a relaxed and welcoming atmosphere. This allows guests to feel at home without being overwhelmed by bold colors.
Smart Technology and Amenities
- Add smart home features like keyless entry, smart thermostats, and streaming devices to enhance the guest experience. Also, provide essential items like toiletries, basic cooking ingredients, and a first aid kit.
Cleanliness and Linens
- Use white linens or solid-colored linens to symbolize cleanliness and ease of maintenance. Avoid old linens and bed covers that may appear dirty or outdated.
Lighting and Ambiance
- Choose lighting fixtures that create a warm and inviting ambiance. Avoid office-like lighting and opt for softer, more home-like lighting. Consider adding scented candles and quality shampoo and soap to indulge your guests.
Outdoor and Natural Elements
- If your property has outdoor spaces, incorporate natural materials like wood and stone to create an inviting atmosphere. For indoor spaces, adding a few plants can liven up the area.
Guest Amenities
- Provide amenities that cater to outdoor enthusiasts, such as bike rentals or beach gear. Fully equipped kitchens and proximity to local attractions can also be significant draws.
Personal Touches Without Intrusion
- Avoid leaving personal items like clothes, personal photos, or overpacked bookshelves. Keep the space clutter-free to make guests feel welcome rather than intrusive.
Protection of Valuables
- Do not leave valuable or sentimental objects in the property. These could get stolen or accidentally broken, so it’s best to store them securely elsewhere.
By following these tips, you can create an inviting and unique Airbnb space in Biddeford, Maine, that reflects the city's charm and enhances the guest experience.
Discover Biddeford, Maine: Local Attractions and Insider Tips
Local Attractions
Natural Beauty
- East Point Audubon Sanctuary: A scenic wildlife refuge with a short loop trail offering views of the rocky coastline and shorebirds.
- Fortunes Rocks Beach: A 2-mile stretch of sandy beach perfect for relaxing, swimming, and water sports. Parking is permit-only from June 15 to Labor Day.
- Timber Point Island: A protected land with scenic beaches and a 1.4-mile loop trail. Note the minimal parking.
Historical and Cultural Sites
- Biddeford Mills Museum: Explore the history of Biddeford's textile industry with tours and exhibits run by former mill employees.
- City Theater: Catch a show at this historic landmark opera house, open year-round with a variety of performances.
- Biddeford RiverWalk at Mechanics Park: Take a leisurely stroll along the river and hear the water whooshing over the Saco River’s dam.
Outdoor Activities
- Clifford Park: A 140-acre wooded oasis with 22 miles of trails for hiking and biking.
- Eastern Trail: Part of a multi-use trail system from South Portland to Kittery, accessible from the rear lot of Southern Maine Medical Center.
- Biddeford Ice Arena: Enjoy public ice skating and take lessons if needed. The arena also has a bar and lounge.
Food and Drink
- Palace Diner: A historic diner serving breakfast and lunch, known for its old-fashioned tuna sandwich on griddled challah.
- Magnus on Water: A community cocktail bar with nature-inspired cocktails and comfort foods.
- Banded Brewing Co.: Biddeford’s first brewery, located in the Pepperell Mill, offering a full food menu and a variety of beers.
- Round Turn Distilling: Sample their Bimini gin and other bar drinks.
Shopping
- Elements: Books Coffee Beer: A cozy bookstore, coffee shop, and bar with used books and Maine-themed titles.
- Biddeford Vintage Market: A spacious spot on Main Street packed with antiques, quirky art, and one-of-a-kind objects.
- Wooven: Offers handwoven bags, scarves, and other items made from recycled textiles.
Insider Tips
Dining
- Jackrabbit Café: Start your day with Scandinavian pastries and a Time & Tide Coffee pour-over. Go early for the warm tebirkes.
- Nibblesford: Pick up a take-home basket filled with Maine cheeses for a local treat.
Events
- La Kermesse Franco-Americaine Festival: Enjoy carnival rides, a parade, and music in early summer.
- River Jam Fest: Attend this annual festival in September.
Practical Information
- Beach Parking: For Fortunes Rocks Beach, obtain a parking pass from the City Clerk’s Office.
- Local Products: Visit Sweetcream Dairy for locally made ice cream and Lorne Wine for natural wines.
Hidden Gems
- Wood Island Light: Take a guided tour of this 200-year-old lighthouse, including a boat ride and access to the grounds. Reservations are required.
By sharing these local attractions and insider tips, you can help your Airbnb guests experience the best of Biddeford, Maine.
Practical Tips to Run a Successful Short Term Rental Business in Biddeford, Maine
To ensure the success of a short-term rental business in Biddeford, Maine, several practical tips can be implemented to enhance the guest experience and comply with local regulations.
Noise Regulations and Quiet Hours
Informing guests about quiet hours is crucial to maintain a peaceful environment and comply with local noise regulations. Include clear guidelines on quiet hours in your digital and physical house manual to avoid any potential issues with neighbors.
Creating a Comprehensive House Manual
Develop a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should cover everything from appliance usage to emergency contact details, ensuring guests have a smooth and hassle-free stay.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, along with photos of the parking area and any specific parking instructions. This contactless check-in method enhances guest convenience and reduces the likelihood of misunderstandings.
Additional Considerations
- Local Regulations: Be aware of and comply with Maine's short-term rental regulations, including the 9% Vacation (Casual) Rental Tax and any specific city ordinances in Biddeford.
- Guest Communication: Regularly update your property listings and communicate with guests through social media and other channels to build strong relationships and garner positive reviews.
By implementing these strategies, you can create a welcoming and well-managed short-term rental property that attracts repeat guests and positive reviews.
Here is a brief list of house cleaning providers in Biddeford, Maine:
House Cleaning Services in Biddeford, ME
Bee Friends Cleaners
- Offers comprehensive house cleaning, including residential, commercial, post-construction, vacation/Airbnb, deep cleaning, move-in/move-out, and eco-friendly services.
TBLJD Cleaning Services
- Provides professional and reliable cleaning services tailored to specific needs, with a commitment to excellence and a fully licensed and insured team.
Scrub N Shine Cleaners
- Specializes in house cleaning, apartment cleaning, and other cleaning services with a focus on transparency and a satisfaction guarantee.
Additional Resources
Care.com House Cleaning Services
- Lists various local house cleaning services in Biddeford, allowing users to compare rates, reviews, and experience.
Angie's List House Cleaners
- Provides reviews and ratings for house cleaners in Biddeford to help users choose the right service.
Short-Term Rental Management Fees in Biddeford, Maine: A Comprehensive Overview
In Biddeford, Maine, the fees for managing short-term rental properties can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle guest communication, marketing, and maintenance, tend to charge fees on the higher end of this spectrum, often between 20% to 30% of the rental income.
Basic services, such as registration and tax compliance, may incur lower fees. Additionally, property owners should be prepared for extra charges, including cleaning fees, repair costs, and design or amenity maintenance fees. For instance, some management companies charge a separate cleaning fee that is passed on to guests, while others may include it in their overall management fee structure.
Understanding these fee structures is crucial for property owners to ensure they are getting the best value for their investment and to comply with local regulations, such as the annual registration fee of $100 per unit and the state's 9% lodging tax, which may be collected and remitted by the management company.