Airbnb & VRBO Performance in Conway New Hampshire.

Short-Term and All Rental Property Regulations in Conway, New Hampshire for 2024

Overview of Regulations

Following a series of legal and administrative developments, here are the key regulations and considerations for rental properties, including short-term rentals, in Conway, New Hampshire:

Licensing and Certification

• Certificate of Rental Compliance (CRC): All rental property owners must apply for a CRC using the specified form. This applies to all rental properties, including short-term, long-term, and seasonal rentals.
• Application and Fees: Owners must submit a completed application along with the required fees to the Conway Town Hall Code Compliance Department.

Inspections

• Inspection Process: Inspections will be scheduled at least two weeks in advance, respecting tenant and landlord schedules. The landlord or an owner's representative must be present during the inspection.
• Compliance Checklist: Inspections will use a checklist to assess compliance with housing standard regulations.
• Current Status: Enforcement of the rental inspection program is on hold due to a legal snag requiring an amendment to the ordinance. Inspections will not be enforced until the issue is resolved.

Housing Standards

• Life Safety Code: Multifamily housing must comply with the current edition of the Life Safety Code (NFPA 101) and relevant state fire marshal bulletins.
• Emergency Egress: Properties built before 2006 without bedroom window egress may be allowed to address this issue over a reasonable period, such as by the next inspection three to four years later.

Enforcement and Penalties

• Fines: Operating a rental property without a CRC will result in fines issued in accordance with state statutes.
• Legal Challenges: The current ordinance is facing legal challenges, including a lawsuit arguing that the program was implemented without proper legal authority and challenging warrantless inspections.

Grandfathering and Existing Units

• Life-Safety Issues: There is no grandfathering for life-safety issues. Existing units may be grandfathered from some portions of the building code.

Next Steps

• Ordinance Amendment: The town plans to amend the rental ordinance at the 2025 town meeting to include correct citations to state laws and set a fine schedule.
• Communication: The town will draft a letter explaining the situation to rental property owners and present it at the next Selectmen’s meeting.

Top Airbnb Revenue-Generating Neighborhoods in Conway, New Hampshire

1. North Conway

• Appeal: North Conway is a prime destination due to its location in the heart of the White Mountains. It attracts visitors year-round with world-class ski resorts, hiking trails, mountain biking paths, and a charming downtown area filled with shops and restaurants.
• Financial Prospects: Projects an ROI of 8% and an annual revenue of $43,000. The average daily rate (ADR) is $274, with a projected occupancy rate of 63%.

2. Conway Village

• Appeal: Located in the heart of Conway, this area offers easy access to family-friendly activities, skiing, snowboarding, golf, shopping, hiking, and dining. Guests appreciate the quiet neighborhoods, comfortable accommodations, and amenities like hot tubs and fireplaces.
• Financial Prospects: Anticipated ROI of 10% and an annual revenue of $41,000. The ADR is $273, with a projected occupancy rate of 61%.

3. Intervale and Surrounding Areas

• Appeal: These areas are close to popular attractions like Cranmore Mountain Resort, Attitash, and Story Land. Guests enjoy the proximity to skiing, hiking trails, and scenic spots like the Saco River.
• Financial Prospects: While specific financial data for Intervale is not detailed, its proximity to North Conway and Conway Village suggests similar high demand and revenue potential. The area is highly rated for its location, cleanliness, and amenities.

4. Bartlett and Nearby Ski Resorts

• Appeal: Bartlett is appealing due to its close proximity to ski resorts like Attitash and Cranmore. Guests also enjoy the spacious and centrally-located rentals, which offer easy access to various outdoor activities and family-friendly attractions.
• Financial Prospects: Similar to North Conway, the high demand for ski resorts and outdoor activities in Bartlett contributes to a strong revenue potential, although specific financial figures are not provided for this area alone.

These neighborhoods in Conway, NH, are highly attractive to guests due to their rich outdoor recreational opportunities, charming local amenities, and high demand for short-term rentals, making them lucrative options for Airbnb investors.

Tips for Furnishing and Designing an Inviting Airbnb in Conway, New Hampshire

Understanding the Local Style and Needs

• Reflect the Region's Natural Beauty: Incorporate rustic charm with wooden furniture, cozy fabrics, and earth-toned palettes to align with the outdoor lifestyle and natural beauty of Conway, NH.

Essential Amenities and Features

• Outdoor Spaces: Provide outdoor areas for relaxation, such as decks or patios, especially with views of the picturesque landscape or mountains.
• Cozy Fireplaces: Include fireplaces for winter evenings to enhance guest comfort and create a welcoming atmosphere.
• Fully Equipped Kitchens: Ensure kitchens are fully equipped for self-catering, including essentials like coffee makers, microwaves, and kettles.

Furniture and Decor Choices

• Durable and Easy-to-Clean Furniture: Choose furniture that is easy to clean and maintain, such as sofas with washable covers and sturdy, lightweight chairs.
• Local and Mountain-Themed Decor: Add unique touches like local artwork or mountain-themed decor to provide an authentic experience for guests.
• Timeless and Sturdy Pieces: Opt for timeless, sturdy furniture that will last, such as solid beds and dining tables that can withstand wear and tear.

Layout and Storage

• Optimize Room Layout: Measure rooms carefully and arrange furniture to maximize space and natural light. Avoid blocking light sources and ensure ample space to move around.
• Smart Storage Solutions: Use space-saving furniture like beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and functional.

Guest Comfort and Convenience

• High-Quality Bedding: Invest in high-quality, durable mattresses (at least 8 inches thick) and use mattress covers to extend their lifespan. Consider memory foam mattresses for their durability.
• Essential Toiletries and Appliances: Provide high-quality, neutral-colored towels, basic toiletries, a hairdryer, and a first-aid kit to enhance guest comfort.
• Accessibility Features: Consider making your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.

Seasonal and Local Considerations

• Update During Off-Season: Plan furniture updates during the off-season or short gaps between bookings to minimize disruption to guests.
• Seasonal Decor: Adjust decor and amenities according to the season to cater to the different activities and preferences of guests, such as skiing in winter and hiking in warmer months.

Enhancing the Guest Experience

• Mirrors and Lighting: Use mirrors to make the space feel bigger and brighter, and ensure there are power sockets near mirrors for hair dryers and straighteners.
• Local Attractions and Events: Highlight the proximity to local attractions like Cranmore Mountain Resort, White Mountain National Forest, and seasonal festivals to attract guests interested in these activities.

Discover North Conway, NH: Top Attractions and Insider Tips for Your Guests

Local Attractions

Outdoor Adventures

• Cranmore Mountain Resort: Offers year-round activities including skiing, tubing, a mountain coaster, and a Soaring Eagle Zip Line.
• Cathedral Ledge and Whitehorse Ledges: Popular spots for rock climbing with stunning views.
• Echo Lake State Park: Ideal for swimming, picnics, and scenic trails with views of Cathedral Ledge.
• Diana's Baths: A series of waterfalls and swimming holes along the Lucy Brook.
• Kancamagus Highway: Known for its scenic drives and fall foliage.

Family-Friendly Attractions

• Story Land Theme Park: A fairy tale-themed park with rides, trains, and a water park.
• Santa's Village: A Christmas-themed park with rides, water parks, and festive activities.
• Kahuna Laguna: An indoor water park at the Red Jacket Resort with slides, a wave pool, and adventure towers.

Cultural and Historical Sites

• Conway Scenic Railroad: Take a scenic train excursion through the Mount Washington Valley and Crawford Notch.
• New England Ski Museum: Learn about the history of skiing in the region.
• Mount Washington Observatory Weather Discovery Center: Interactive weather exhibits and a mock observatory shack.

Shopping and Dining

• Settlers Green Outlet Village: New England's largest tax-free shopping outlet with over 100 stores.
• North Conway Village: Explore quaint shops, antique stores, bookstores, and bakeries along Main Street.
• Local Cuisine: Enjoy dining at one of the nearly 100 restaurants, breweries, distilleries, coffee shops, and cafes in the area.

Insider Tips

Seasonal Activities

• Winter: Enjoy skiing at one of the 7 alpine resorts or 6 cross-country centers. Don't miss snow-tubing options and the Mount Washington SnowCoach.
• Summer: Take scenic chair lift rides at Cranmore Mountain, visit swimming holes along the Saco River, and enjoy free concerts in Schouler Park.

Hidden Gems

• Schouler Park: A great spot for picnics, dog walking, and special events like the 4th of July Celebration.
• Black Cap Hiking Trail: A short, easy hike with stunning views of the Mount Washington Valley.
• Jackson Falls: A lesser-known but beautiful swimming hole off Carter Notch Road in Jackson.

Local Events

• Check local event calendars: North Conway hosts various events throughout the year, including the Mudbowl and other seasonal sports in Schouler Park.

Scenic Drives

• Explore Covered Bridges and Waterfalls: Take a drive to discover the many covered bridges and waterfalls in the area.

By sharing these attractions and insider tips, you can help your guests make the most of their visit to North Conway, NH, and ensure they have a memorable and enjoyable stay.

Practical Tips to Run a Successful Short-Term Rental Business in Conway, New Hampshire

To ensure a smooth and enjoyable experience for both you and your guests in Conway, New Hampshire, several practical tips can make a significant difference:

Noise Regulations and Quiet Hours

Inform your guests about quiet hours and local noise regulations to maintain a peaceful environment and avoid any potential issues with neighbors. Clearly outline these rules in your house manual and listing description.

Digital and Physical House Manual

Create a comprehensive house manual that includes essential instructions, Wi-Fi passwords, and other important details. Having both digital and physical copies ensures that guests can easily access the information they need.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks and include photos to help guests navigate the property.

Parking Instructions

Include detailed parking instructions with photos to help guests find and use the designated parking areas. This can prevent confusion and ensure that guests park in the correct spots, respecting both your property and neighboring residences.

By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and maintain a positive reputation for your short-term rental business in Conway, New Hampshire.

Here is a brief list of house cleaning, repair, and maintenance providers in Conway, New Hampshire:

House Cleaning Services

• Sparkling and Beyond: Offers standard cleaning services for commercial and residential properties, focusing on high-touch surfaces and areas like bathrooms, kitchens, and common areas. Prices vary based on property size, frequency of cleanings, and services requested.
• North Conway Property Management: Provides a 54-point cleaning and disinfecting service, particularly for short-term rentals and managed properties. Offers free estimates for their services.
• House Cleaning Services listed on Care.com: Includes 10 different house cleaning services in North Conway, NH, with average rates starting at $26.90/hr and an average of 4 years of experience.

Repair and Maintenance Services

• Snell Brothers Cleaning, Inc.: Offers a range of services including janitorial services, disaster restoration, mold remediation, fire, water, smoke, and soot damage repair, carpet cleaning, and green cleaning. They also provide 24/7 disaster restoration and recovery services.

Additional Resources

• Angie's List: Provides a list of top-rated house cleaners in Conway, NH, along with real reviews and ratings.

Short-Term Rental Management Fees in Conway, New Hampshire: A Comprehensive Guide

Managing short-term rentals in Conway, New Hampshire, involves a range of fees that can vary significantly based on the level of service provided. Typically, management fees for short-term rentals in this area range from 10% to 30% of the rental revenue. Full-service management companies, such as those offered by Summer and Awning, which include services like guest communication, marketing, pricing optimization, and maintenance, tend to charge on the higher end of this spectrum, often starting at 20% or 15% of revenue, respectively.

In contrast, basic services or half-service management may incur lower fees, such as Evolve's rate starting at 10%, but these often require the property owner to handle tasks like cleaning, guest communication, and property maintenance themselves.

Additional fees can also apply, including cleaning fees, which are usually mandatory and can be charged separately to the guest or included in the overall management fee. Other potential costs include consumables fees, repair and maintenance charges, and design or staging services to enhance the property's appeal. Understanding these fees is crucial for property owners to maximize their rental income while ensuring a smooth and profitable rental experience.