Airbnb & VRBO Performance in Fancy Gap Virginia.

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Fancy Gap, Virginia: Airbnb & VRBO Vacation Rental Market Overview

The short-term rental market in Fancy Gap, Virginia, is thriving, with an average 52% occupancy rate, a daily rate of $148, and monthly revenues of $19,031, driven by strong seasonal demand and the area's natural beauty.

Market overview

Thriving Short-Term Rentals in Fancy Gap, Virginia

Fancy Gap, Virginia, is experiencing a robust performance in the short-term rental market, driven by its captivating natural beauty and outdoor recreational opportunities. With an average occupancy rate of 52%, short-term rentals in Fancy Gap are in high demand, particularly during the peak seasons of late spring, summer, and fall, when visitors flock to enjoy hiking, biking, and the stunning autumn foliage along the Blue Ridge Parkway.

The average daily rate for these rentals stands at $148, contributing to a significant monthly revenue of $19,031. This strong performance is further bolstered by a growth in active listings, with a 8% increase over the last 12 months. The majority of these rentals are entire homes, equipped with essential amenities such as heating, parking, kitchens, and air conditioning, making them highly appealing to travelers seeking a comfortable and immersive experience in this picturesque rural community.

Short Term Regulations

Short-Term Rental Regulations in Fancy Gap, Virginia for 2024

General Requirements

  • Business License: All short-term rental owners/operators must obtain a business license from Carroll County, where Fancy Gap is located.

Taxes

  • Transient Occupancy Tax: Hosts must pay a transient occupancy tax, which is a local tax imposed on short-term rentals.

Zoning and Land Use

  • Zoning Regulations: Hosts must ensure their property complies with local zoning regulations, particularly in residential areas. Certain zoning districts may have specific restrictions or requirements for short-term rentals.

Safety and Health Standards

  • Safety, Health, and Building Codes: Properties must meet specific safety, health, and building codes. This includes having smoke detectors, a fire extinguisher, and carbon monoxide detectors in compliance with the Virginia Uniform Statewide Building Code.

Registration

  • Local Registry: While there is no statewide registry requirement as of 2024, localities may establish their own short-term rental registries. Hosts may need to register annually with the locality.

Operational Requirements

  • Maximum Occupancy: There may be local regulations limiting the maximum number of guests that can occupy a short-term rental property.

  • Emergency Contact Information: Hosts may need to post a sign with the emergency contact's name and phone number.

  • Maintenance and Services: Hosts are responsible for ensuring the property is maintained and ready for guests, including logistical arrangements for maintenance and cleaning services.

Compliance and Penalties

  • Compliance with Regulations: Non-compliance with local regulations can result in fines or other penalties. Hosts must thoroughly research and understand these requirements to ensure a legal hosting experience.

  • Penalties for Non-Registration: If a locality adopts a registry ordinance, there may be a penalty not to exceed $500 per violation for operators who fail to register their properties.

Neighborhood Performance

Top Neighborhoods for Airbnb Revenue in Fancy Gap, Virginia

1. Central Fancy Gap

  • This area is highly appealing due to its convenient location near Interstate 77 and the Blue Ridge Parkway. Guests favor rentals like "The Little House On the Mountain" and "Mountain Escape" for their proximity to major highways, cool weather, and stunning mountain views.

2. Hillsville Area (near Fancy Gap)

  • Although technically in Hillsville, these rentals are close enough to Fancy Gap to be considered part of the broader area. Properties like "The Dairy Barn" and "The Cottage at Bear Den" are popular for their vintage charm, contemporary amenities, and easy access to attractions in both Hillsville and Fancy Gap.

3. Creekside Cabins Area

  • This neighborhood is a favorite among guests seeking tranquility and easy access to outdoor activities. Cabins such as the "Bear Den" offer a serene escape with proximity to the Blue Ridge Parkway, Galax, and Mt. Airy, making it ideal for those looking to explore the local area.

4. Blue Ridge Parkway Area

  • Rentals in this area, such as the "New Cabin on the Blue Ridge Parkway," are highly sought after due to their breathtaking views and direct access to the Blue Ridge Parkway. This location is perfect for nature lovers and those wanting to experience the beauty of the mountains.

5. Buffalo Mountain Area

  • Located at a higher elevation, this area offers cool weather and spectacular views. Rentals like those in the "Mountain Escape" and "The Little House On the Mountain" are favored for their tranquil atmosphere and proximity to Buffalo Mountain and the New River Trail.

Why These Neighborhoods Are Appealing

  • Location and Accessibility: Many of these neighborhoods are conveniently located near major highways like I-77 and the Blue Ridge Parkway, making them easily accessible for guests.
  • Natural Beauty: The areas offer stunning mountain views, cool weather, and proximity to natural attractions like the New River and Buffalo Mountain.
  • Amenities and Activities: Guests can enjoy a range of activities including hiking, fishing, and exploring local markets and wineries.
  • Highly Rated Rentals: Properties in these neighborhoods are highly rated for cleanliness, location, and overall guest satisfaction, ensuring a comfortable and enjoyable stay.
  • Variety of Accommodations: From cozy cabins to charming cottages, there is a wide range of accommodation types to suit different preferences and needs.
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Design Tips

Creating an Inviting Airbnb in Fancy Gap, Virginia: Design and Furnishing Tips

Embrace the Natural Beauty

  • Incorporate elements of the surrounding Blue Ridge Mountains into your decor, such as using natural materials like wood, stone, and earthy colors.
  • Add large windows or skylights to bring in the scenic views and natural light.

Reflect Local Culture and Heritage

  • Incorporate local music and arts themes, as Fancy Gap is part of Virginia’s Heritage Music Trail. Consider adding musical instruments, vinyl records, or local art pieces.
  • Use traditional Appalachian crafts and textiles, such as handmade quilts, woven baskets, and woodcarvings, to add a touch of local culture.

Cozy and Rustic Ambiance

  • Opt for a rustic and cozy interior design, featuring elements like exposed beams, wooden floors, and a fireplace to create a warm and inviting atmosphere.
  • Use plush furnishings and comfortable seating areas to make guests feel at home.

Outdoor Integration

  • Since Fancy Gap is known for its outdoor activities, ensure your Airbnb has a seamless transition between indoor and outdoor spaces. Add a porch or patio with outdoor furniture and scenic views.
  • Provide outdoor gear such as hiking boots, bicycles, or picnic sets to encourage guests to explore the area.

Casual yet Elegant Dining

  • Design a dining area that reflects the casual yet elegant dining experience available in Fancy Gap. Use wooden tables, comfortable chairs, and add some local artwork.
  • Include a fully equipped kitchen with rustic touches and modern amenities to cater to various cooking needs.

Local Touches and Memorabilia

  • Add local memorabilia such as maps of the Blue Ridge Parkway, pictures of Pilot Mountain, or items related to the nearby Mayberry area to give guests a sense of place.
  • Incorporate books and guides about the local history, music, and outdoor activities to keep guests informed and engaged.

Comfort and Practicality

  • Ensure the space is well-equipped with modern amenities while maintaining a rustic charm. This includes comfortable bedding, Wi-Fi, and entertainment options.
  • Provide storage for guests’ outdoor gear and offer practical items like hiking guides, trail maps, and recommendations for local attractions.

Unique Shopping Inspirations

  • Draw inspiration from local shops and boutiques that specialize in vintage and unique items. Add one-of-a-kind decorative pieces and antiques to give your Airbnb a distinctive character.
  • Use local materials and handmade items to create a space that feels authentic and connected to the community.
Insider Tips
Practical Tips

Practical Tips to Run a Successful Short-Term Rental Business in Fancy Gap, Virginia

To ensure the success of a short-term rental business in Fancy Gap, Virginia, several practical tips can be implemented. First, it is crucial to adhere to and inform guests about local noise regulations, including quiet hours, to maintain a peaceful environment and avoid any potential fines or complaints. Creating a comprehensive digital and physical house manual is also essential; this should include detailed instructions, Wi-Fi passwords, and other pertinent information to make the guest experience seamless.

A simplified check-in process can significantly enhance guest satisfaction. Utilizing smart locks eliminates the need for physical key exchanges and provides guests with immediate access upon arrival. Additionally, providing clear parking instructions accompanied by photos can help avoid confusion and ensure a smooth start to the guest's stay.

By focusing on these aspects, hosts can not only comply with local regulations but also offer a well-organized and welcoming environment, which is key to attracting positive reviews and repeat bookings in the competitive Fancy Gap market.

Local Vendors

Here is a brief list of house cleaning providers in Fancy Gap, Virginia:

House Cleaning Services

  • Sparkling and Beyond: Offers professional cleaning services, including deep cleaning for houses, businesses, and commercial properties. They use state-of-the-art equipment and have years of experience.

Local Cleaning Professionals

  • Care.com Listings: Provides a list of affordable cleaning ladies and house cleaning services in Fancy Gap, VA, with options starting at $20.00/hr. You can search by rates, reviews, and experience.

Rated Cleaners

  • Angi Listings: Features a list of the top 10 best cleaners in Fancy Gap, VA, with real reviews and ratings to help you choose the right service.
Management fees

Short-Term Rental Management Fees in Fancy Gap, Virginia: A Breakdown

In Fancy Gap, Virginia, the fees for managing short-term rentals can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes comprehensive tasks such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 20% to 30% of the rental income.

Basic services, which may include fewer responsibilities, can cost less, usually around 10% to 20%. Additionally, property owners may incur extra fees for services like cleaning, repairs, or design enhancements. These fees can be structured as either a percentage of the rental revenue or as flat rates, and they may exclude certain costs such as cleaning fees, which are sometimes calculated separately. Understanding these fee structures is crucial for hosts to manage their properties efficiently and comply with local regulations in Fancy Gap, Virginia.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Fancy Gap should generate as a short term rental and look at the performance of properties around yours.

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Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Fancy Gap.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
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⇤ Airbnb Statistics for Virginia