In Gilford, New Hampshire, the short-term rental market remains vibrant, with a consistent demand driven by seasonal attractions, an average 48% occupancy rate, and a daily rate of $415, making it a promising investment opportunity despite some regulatory adjustments.
Thriving Short-Term Rental Market in Gilford, New Hampshire
Gilford, New Hampshire, continues to excel as a vibrant and attractive destination for short-term rentals, particularly within the Lakes Region. The area boasts a diverse range of accommodations, including rustic cabins, lakefront homes, and cozy cottages, catering to a wide array of guest preferences. Despite the seasonal nature of the market, Gilford maintains a consistent demand for short-term rentals.
Current data indicates that short-term rentals in Gilford achieve an average occupancy rate of 48% and command an average daily rate of $415. This performance is bolstered by the area's natural attractions, such as Lake Winnipesaukee and Gunstock Mountain Resort, which draw visitors throughout the year. The local community's support for short-term rentals further enhances the appeal of Gilford as an investment location, making it an ideal spot for hosts and investors looking to capitalize on the region's enduring popularity.
Short-Term Rental Regulations in Gilford, New Hampshire for 2024
Overview of Regulations
To operate a short-term rental in Gilford, New Hampshire, property owners must comply with the following regulations:
1. Conditional Use Permit
- A conditional use permit must be obtained from the Planning Board for any dwelling to be used as a short-term rental (defined as a rental for up to 30 days).
2. Application Requirements
- Applications must include:
- A site plan of the property, showing sleeping areas, beds, bathrooms, and kitchen spaces.
- Emergency contact information for an owner or agent who can respond to the site within 60 minutes.
- Proof of an adequate septic system.
- A plan for trash storage and removal.
- Approval from the town’s fire department regarding life safety codes.
- An application fee as determined by the selectboard.
3. Permit Validity and Renewal
- Permits are initially valid for three years and can be renewed. However, they are not transferable.
4. Regulations on Use
- Limits on the number of guests per sleeping area.
- Limits on the number of parked vehicles per sleeping area.
- Limits on the height and placement of dumpsters.
- Noise regulations to ensure they do not disturb neighbors’ peaceful enjoyment of their property.
5. Violation and Enforcement
- Owners will be given an opportunity to correct any violations. Failure to correct violations can result in the revocation of the conditional use permit.
- If the permit is revoked, the owner must wait a year before applying for a new permit. A second revocation will result in a permanent ban on applying for a new permit.
6. Abutter Notification
- While there was some confusion, it is clarified that abutters are not notified until the permit has been acted upon.
7. Safety and Compliance
- Properties must comply with life safety codes and undergo necessary safety inspections.
- The town can address chronic problems and unresponsive owners through the permit system.
Top Neighborhoods for Airbnb Revenue in Gilford, New Hampshire
Why These Neighborhoods Are Appealing
Gilford, NH, is a lucrative market for Airbnb investors due to its proximity to Lake Winnipesaukee and popular ski resorts, offering year-round tourism opportunities. Here are the top neighborhoods generating significant Airbnb revenue and their appeal to guests:
1. Gilford Village
- Appeal: Located in the heart of Gilford, this area offers easy access to the town's recreational facilities, restaurants, and shops. Guests appreciate the central location and the variety of local amenities.
- Features: Close to Lake Winnipesaukee, ski resorts, and local events like the annual Gilford Old Home Day.
2. Areas Around Alton Bay
- Appeal: Alton Bay is a popular spot on Lake Winnipesaukee, attracting guests who enjoy boating, fishing, and other lake activities. The scenic views and waterfront access make it highly desirable.
- Features: Waterfront properties, semi-private beaches, and easy access to boating and other lake activities.
3. Neighborhoods Near Gunstock Mountain Resort
- Appeal: These areas are ideal for ski enthusiasts and those who enjoy winter sports. The proximity to Gunstock Mountain Resort ensures high demand during the winter months.
- Features: Ski-in, ski-out options, modern amenities, and stunning views of the surrounding mountains.
4. Weirs Road and Surrounding Areas
- Appeal: This area is known for its lakefront properties and easy access to Weirs Beach, restaurants, and the boardwalk. Guests enjoy the central location and various amenities.
- Features: Dedicated parking spots, pools, tennis courts, and stunning lake views from private decks.
5. Areas with Lake Winnipesaukee Views
- Appeal: Properties offering breathtaking views of Lake Winnipesaukee are highly sought after. Guests enjoy the scenic beauty and the opportunity to engage in various lake activities.
- Features: Modern kitchens, outdoor spaces for barbecues, cozy fireplaces, and family-friendly setups.
These neighborhoods are prime targets for Airbnb investments due to their proximity to recreational facilities, scenic beauty, and the consistent demand from tourists seeking outdoor adventures and comfortable, well-appointed accommodations.
Creating an Inviting Airbnb in Gilford, New Hampshire: Design and Furnishing Tips
Entryway and First Impressions
- Ensure the entryway is welcoming and thoughtfully designed to make guests feel special. Add simple touches like a key holder, a small table for keys and mail, and a decorative piece that reflects the local charm.
Living Room
- Lighting Control: Incorporate lamps, dimmer switches, and secondary lighting options such as floor lamps, table lamps, and sconces to provide versatility and a cozy atmosphere.
- Comfortable Seating: Include a variety of seating options, such as a sofa, armchairs, and a pouf, to accommodate all guests. Ensure there is enough seating for the number of guests the property can sleep.
- Occasional Tables: Provide enough tables for guests to place drinks and snacks, promoting a comfortable and social environment.
- Layout and Conversation Areas: Design the room to evoke conversation and consider adding nooks with lamps for a cozy reading experience. Use swivel chairs to enhance flexibility in the space.
Dining Area
- Seating Capacity: Ensure there is enough seating at the dining table for all guests. This is crucial for creating a welcoming and functional space.
- Avoid Rugs Under Dining Tables: Omit rugs under the dining table to prevent them from getting worn out quickly.
Bedroom
- Luxurious Bedding: Offer high-quality bedding and provide extra layers stored in the closet. Use different fill options for pillows to cater to various preferences.
- Temperature and Lighting Control: Install ceiling fans or provide fans in each room. Ensure each bed has bedside tables with lamps, preferably with USB ports or wireless charging features.
- Blackout Shades: Use blackout shades to cater to different sleep preferences and ensure a restful stay.
Bathroom
- Hooks and Storage: Install sturdy hooks in the bathroom for towels and other items. This helps keep the space organized and convenient for guests.
Outdoor and Additional Amenities
- Outdoor Spaces: Emphasize outdoor amenities such as patios, decks, hot tubs, and access to nearby activities like skiing, hiking, and water sports. These features are highly valued in Gilford.
- Local Charm: Incorporate local art, landscapes, or rustic wooden furnishings to reflect the quaint New England aesthetic and enhance the home's charm.
General Tips
- Functional Design: Opt for lightweight, functional designs that make the most of available space, especially in family-friendly or group accommodations.
- Cozy Textiles: Use cozy textiles like soft blankets and plush throw pillows to create a warm and inviting atmosphere.
- Guest Experience: Design the space with the guest's experience in mind. Ensure there are enough pillows, towels, and seating for all guests, and provide fans and other comfort-enhancing items.
Discovering Gilford, New Hampshire: Local Attractions and Insider Tips for Airbnb Hosts
Cultural and Historical Attractions
- Benjamin Rowe House: A historic house dating back to 1838, now serving as a small museum with period furniture and artifacts. It's a great place for guests to immerse themselves in the town's history.
- Gilford Meetinghouse: Built in 1774, this meetinghouse is a significant historical landmark and offers a glimpse into the town's past.
- Kimball Castle: Overlooking Lake Winnipesaukee, this historic castle provides breathtaking views and a unique cultural experience.
Outdoor and Nature Activities
- Lake Winnipesaukee: The largest lake in New Hampshire, perfect for boating, canoeing, kayaking, and swimming. Guests can enjoy the scenic beauty and various water activities.
- Ellacoya State Park: Located on the southwest shore of Lake Winnipesaukee, this park offers a sandy beach, picnic facilities, and opportunities for swimming and camping.
- Gunstock Mountain Resort: A four-season resort with skiing, snowboarding, tubing, a mountain coaster, and miles of hiking and biking trails. It's ideal for both winter and summer activities.
- Mount Major: Known for its stunning trails and breathtaking views of Lake Winnipesaukee and the surrounding mountains. It's a must-visit for nature lovers and hikers.
Family-Friendly Activities
- Gilford Beach: A family-friendly location for swimming and sunbathing, with serene walking paths and picnic areas nearby.
- Children’s Museums and Adventure Parks: Interactive exhibits and adventure parks with activities like jump balloons and kids' zip lines, perfect for families with children.
Entertainment and Events
- Bank of New Hampshire Pavilion: A 9,000-seat outdoor amphitheater hosting concerts and live events during the summer months. It's one of USA Today’s 10 Best Concert Venues in the country.
- Local Events and Festivals: Gilford hosts various seasonal events and fairs, including summer craft fairs and winter ice fishing derbies. Encourage guests to check the local event schedule to catch their favorite performers or participate in community activities.
Insider Tips
- Farmers’ Markets: Recommend visiting local farmers’ markets to discover locally grown produce and handcrafted goods, offering a taste of the community's spirit.
- Gilford Public Library: Suggest a visit to the library, which often hosts various clubs and activities for both children and adults, making it a hub of community activity.
- Dining and Shopping: Point out the local dining scene, which includes cozy cafes and upscale eateries, as well as shopping options like the Tanger Outlets in nearby Tilton.
Additional Recommendations
- Beans & Greens Farm: A local farm where guests can explore and purchase fresh produce and other local products.
- Escape Hour House: For those looking for a unique challenge, recommend the Escape Hour House, an escape room facility.
- Lockes Hill Trailhead: Suggest this trailhead for guests interested in hiking and exploring the natural beauty of Gilford.
By providing these recommendations, you can help your Airbnb guests make the most of their visit to Gilford, New Hampshire, and ensure they have a memorable and enriching experience.
Practical Tips to Run a Successful Short-Term Rental Business in Gilford, New Hampshire
To ensure the success and smooth operation of a short-term rental business in Gilford, New Hampshire, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform guests about quiet hours and noise regulations to maintain a peaceful environment for both guests and neighbors. Clearly outline these rules in the house manual and during the booking process to avoid any misunderstandings.
Comprehensive House Manual
Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This helps guests navigate the property easily and reduces the need for frequent inquiries.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide detailed check-in instructions, including photos of the property and its surroundings, to help guests locate the property and access it effortlessly.
Parking and Access Instructions
Include clear parking instructions with photos in the house manual to guide guests on where to park and how to access the property. This minimizes confusion and ensures a smooth arrival experience.
By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and maintain a well-managed and compliant short-term rental property in Gilford, New Hampshire.
Here is a brief list of house cleaning, repair, or maintenance providers in Gilford, New Hampshire:
House Cleaning Services
- Great Northern Cleaning:
- Offers house cleaning, rental cleaning, commercial cleaning, construction cleanup, carpet & upholstery cleaning, and window cleaning.
- Based in Gilford, NH, with additional locations in Laconia and Plymouth.
Provides trained, uniformed personnel with background security checks.
Lakeside Cleaning Service LLC:
- Provides reliable and professional cleaning services.
Although based in the broader NH area, they serve various locations including Gilford.
House Cleaning Services listed on Care.com:
A single listed service in Gilford, NH, with rates starting at $18.00/hr.
House Cleaning Services listed on Angie's List:
- Multiple house cleaners in Gilford, NH, with services varying by provider.
- Average cost ranges from $30 to $50 per hour.
Additional Services
- Great Northern Cleaning also offers disinfection services, which can be part of maintenance and cleaning needs.
Short-Term Rental Management Fees in Gilford, New Hampshire
In Gilford, New Hampshire, managing short-term rentals involves a range of fees that can significantly impact your revenue. Typically, short-term rental management fees range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging between 20% to 25% of the rental income.
Basic services, such as listing and booking management, may incur lower fees. Additionally, hosts should be prepared for other potential fees, including cleaning fees, repair costs, and design or setup fees. For instance, some management companies charge a separate cleaning fee that is passed on to the guests, while others may include it in their overall management fee.
Understanding these fee structures is crucial for maximizing your rental revenue and ensuring compliance with local regulations, including the 9% New Hampshire Meals and Rooms (Rentals) tax on short-term rentals.