The short-term rental market in Kennebunk, Maine, is thriving, with new ordinances in place to ensure safety and compliance, and offering attractive investment opportunities with high ROI, particularly through platforms like Airbnb and Vrbo.
Thriving Short-Term Rental Market in Kennebunk, Maine
Kennebunk, Maine, is experiencing a robust short-term rental market, driven by its appealing tourist attractions and strategic regulatory measures. The town, which will implement a new short-term rental ordinance in January 2025, has seen significant interest in short-term rentals, particularly through platforms like Airbnb and Vrbo. The ordinance, supported by about 75% of voters, aims to ensure safety and compliance, requiring owners to register their properties, undergo fire department inspections, and provide renters with a "Good Neighbor Policy" manual.
While specific occupancy rates and average daily rates for Kennebunk are not detailed in the available sources, neighboring Kennebunkport serves as a strong indicator of the region's potential. In Kennebunkport, short-term rentals have shown impressive returns, with Airbnb ROI reaching as high as 9.1% and traditional rental ROIs up to 4.1%. This vibrant tourism economy, coupled with the new regulatory framework, positions Kennebunk for continued success in the short-term rental market.
Short-Term Rental Regulations in Kennebunk, Maine for 2024
Key Regulations
Registration and Licensing
- Effective January 1, 2025, any person seeking to operate a short-term rental unit must register the unit with the Town Clerk’s office.
Definition of Short-Term Rental
- A short-term rental unit includes any dwelling unit or accessory dwelling unit that is rented for a term of less than 15 consecutive days.
Registration Requirements
- Each registration must include the street address, unit number (if applicable), tax map and lot number, and the owner’s name, address, telephone number, and email address.
Inspection and Safety
- Short-term rental units must undergo an inspection by the Kennebunk Fire Rescue to ensure compliance with applicable fire prevention and life safety requirements. No registration will be issued until any identified issues are resolved.
Fees
- A $250 registration fee is required for each short-term rental unit.
Annual Renewal
- Registrations must be renewed annually by January 1, with a new inspection required each year.
Good Neighbor Policy
- The Town will develop a Good Neighbor Policy, which must be provided to renters by the operator of the short-term rental unit.
Advertising
- The registration number must be displayed in the short-term rental unit and used in all advertising for the unit.
Transfer of Ownership
- Any change in ownership requires a new registration, but does not require a new fire inspection until the registration is renewed.
Enforcement and Penalties
- Violations of applicable fire prevention and life safety requirements will be enforced, with penalties for non-compliance.
High-Revenue Airbnb Neighborhoods in Kennebunk, Maine: Why They Are Appealing to Guests
Neighborhoods Generating the Most Airbnb Revenue
Kennebunk Beach
- Appeal: Located near popular beaches such as Mother's Beach, Gooch's Beach, and Parson's Beach, this area is highly attractive for guests seeking a coastal vacation. The proximity to the beach and scenic views make it an ideal spot for summer rentals.
Kennebunkport
- Appeal: Known for its historic charm and tourist attractions like Dock Square, Kennebunkport offers a unique blend of coastal living and cultural experiences. Guests are drawn to its quaint shops, restaurants, and the scenic beauty of the area.
Mother's Beach Area
- Appeal: This area is popular due to its family-friendly environment and easy access to Mother's Beach. The combination of beach activities and nearby amenities makes it a favorite among families and vacationers.
Gooch's Beach Area
- Appeal: Similar to Mother's Beach, Gooch's Beach area is appealing for its beach access and the variety of activities available. It is also close to other local attractions, making it convenient for guests.
Downtown Kennebunk
- Appeal: The downtown area is attractive for its walkability to cafes, shops, and other local amenities. Guests appreciate the convenience of being close to town while still having easy access to beach activities.
Why These Neighborhoods Are Appealing
- Proximity to Beaches and Tourist Attractions: These neighborhoods offer easy access to beaches, historical sites, and other tourist attractions, making them highly desirable for short-term rentals.
- Seasonal Demand: The strong tourist draw during peak seasons, such as summer and holidays, significantly increases rental income and occupancy rates in these areas.
- Amenities and Activities: The presence of amenities like restaurants, shops, and cultural sites enhances the guest experience, making these neighborhoods more appealing for vacationers.
- High Occupancy Rates: With a median occupancy rate of 68% in Kennebunk, these neighborhoods benefit from consistent demand, ensuring higher revenue potential for hosts.
These factors combine to make these neighborhoods in Kennebunk, Maine, highly profitable and appealing for both investors and guests.
Furnishing and Design Tips for an Inviting Airbnb in Kennebunk, Maine
Creating a Welcoming and Locally Inspired Space
1. Choose Timeless and Functional Furniture
- Opt for sturdy, easy-to-clean furniture that reflects a timeless style. Consider pieces like storage beds, sofas with washable covers, and dining tables that are resistant to wear and tear.
2. Incorporate Smart Storage Solutions
- Use beds with drawers, wall hooks, pegboards in the kitchen, and stackable containers to keep the space tidy and organized. Provide designated spots for guests' personal items, such as luggage racks.
3. Select Space-Saving Furniture with Big Functionality
- Invest in versatile pieces like sofa beds, folding tables, or ottomans with hidden storage compartments to maximize the use of space.
4. Utilize Mirrors and Lighting to Enhance the Space
- Use mirrors to make the space feel bigger and brighter. Choose lighting fixtures that are warm and inviting, avoiding those that resemble office lighting.
5. Maintain a Neutral Color Palette with Local Touches
- Use a neutral color palette for walls and large furniture pieces to create a relaxed atmosphere. Incorporate local elements such as artwork, decorative items, or guidebooks that reflect Kennebunk's culture and history.
6. Ensure Accessibility and Comfort
- Make your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms. Opt for comfortable, lightweight chairs and durable mattresses.
7. Add Local and Personal Touches
- Decorate with posters and items that provide an atmosphere of the local place or remind guests of home. Include informative books, simple games, and scented candles to enhance the guest experience.
8. Keep it Clutter-Free and Guest-Focused
- Avoid leaving personal items, clothes, or overpacked bookshelves. Ensure the space feels like a hotel room but with a personal touch, without being too intrusive.
9. Invest in Quality Amenities
- Stock up on essential items like toiletries, basic cooking ingredients, and a first aid kit. Provide enough kitchenware and linens for the maximum number of guests.
10. Consider Smart Home Features
- Add modern conveniences like keyless entry, smart thermostats, or streaming devices to enhance the guest experience and make your Airbnb more appealing.
11. Timing and Maintenance
- Update your furniture during the off-season or short gaps between bookings to minimize disruption. Ensure your cleaning crew is aware of any new furniture or layout changes to maintain the property's condition.
By following these tips, you can create an inviting Airbnb in Kennebunk, Maine, that reflects the city's unique style and ensures a memorable stay for your guests.
Discovering Kennebunk, Maine: Local Attractions and Insider Tips
Outdoor Attractions
- Beaches:
- Gooch's Beach, Middle Beach, and Mother's Beach are must-visit spots for sunbathing, surfing, and beach walks. Note that parking permits are required, and the beaches are dog-friendly.
Colony, Parson’s, and Mother’s beaches offer soft sand and cool waves, with options for beach wheelchair rentals.
Kennebunk Boat Tours:
Enjoy whale watching, lobstering tours, or scenic cruises with companies like Sea Turtle Coastal Cruises, First Chance Whale Watch, and New England Eco Adventures. Fishing and shellfishing require state and local licenses.
Hope Cemetery & Woods:
A 75-acre nature reserve with trails perfect for morning runs or evening walks. The cemetery dates back to 1790 and offers a glimpse into the town's history.
Eastern Trail:
Part of the East Coast Greenway, this trail is ideal for biking and hiking, connecting Kittery to Casco Bay.
Kennebunk Land Trust Properties:
- Explore over 3,400 acres of preserved natural spaces, including forests, fields, and waterways.
Historical and Cultural Attractions
- Museum in the Streets:
A self-guided walking tour featuring 25 historical panels with photographs, documents, and records of Kennebunk's history. Maps are available at local stores and the library.
Brick Store Museum:
A community staple since 1936, this museum showcases the history of Kennebunk, including exhibits on shipbuilding, shipwrecks, and local art.
The Wedding Cake House:
- Known as the George W. Bourne House, this historic house is one of the most photographed in Maine and is part of the Museum in the Streets tour.
Shopping and Dining
- Lower Village:
Explore fine art galleries, shops, and cafes. This area also offers scenic boat tours and fishing charters.
Dock Square, Kennebunkport:
While in the neighboring town, visit Dock Square for a dense downtown area filled with shops, restaurants, and historic charm.
Local Dining:
- Enjoy award-winning restaurants like the White Barn Inn, HB Provisions for lobster and crab rolls, and Bandaloop for organic local foods. Don’t miss the Lobster Roll Trail of the Kennebunks.
Insider Tips
- Parking and Beach Access:
Remember to obtain parking permits for beach access, and consider using the trolley to leave your car behind.
Mobile Service:
Be aware that mobile device service can be spotty, especially when using maps for the Museum in the Streets tour.
Seasonal Activities:
Take advantage of free covered ice skating at the Waterhouse Center in winter and the Kennebunk Artisans Marketplace from May to October.
Local Events:
If visiting in July, enjoy the fireworks at the beach on the 4th. In winter, experience Kennebunkport’s Christmas Prelude, voted the 2nd Best Christmas Town in America by HGTV.
Nature and Wildlife:
- Visit the Rachel Carson National Wildlife Refuge and the Nature Conservancy Kennebunk Plains for additional natural beauty and hiking trails.
By sharing these attractions and tips, you can help your guests make the most of their visit to Kennebunk, Maine.
Practical Tips to Run a Successful Short-Term Rental Business in Kennebunk, Maine
To ensure a smooth and profitable short-term rental business in Kennebunk, Maine, several key practices can be implemented. Here are some practical tips:
Noise Regulations and Guest Communication
Inform your guests about the town's noise regulations and quiet hours through a clear "Good Neighbor Policy" as required by the new short-term rental ordinance. This policy should be provided to guests upon check-in to avoid any disturbances and ensure compliance with local rules.
Creating a Comprehensive House Manual
Develop both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual will help guests navigate the property easily and reduce the likelihood of issues arising during their stay.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with detailed instructions on how to access the property, along with photos of the parking area and any other relevant locations. This will ensure a hassle-free arrival and reduce the need for last-minute support.
Additional Tips
- Safety Compliance: Ensure your property meets all safety requirements by registering with the Town Clerk’s office and passing inspections by Kennebunk Fire Rescue, as mandated by the new ordinance.
- Clear Communication: Maintain open lines of communication with your guests, providing them with all necessary information and being available for any questions or issues that may arise.
- Property Maintenance: Keep your property in top condition by addressing any maintenance issues promptly, which can be facilitated by hiring a professional property manager if needed.
By following these tips, you can enhance the guest experience, comply with local regulations, and maximize the success of your short-term rental business in Kennebunk, Maine.
Here is a brief list of house cleaning providers in Kennebunk, Maine:
House Cleaning Services
Ace of Maids
- A green cleaning company using Norwex products exclusively.
- Offers residential, commercial, restaurant, and office cleaning services.
- Known for their professionalism, efficiency, and exceptional results.
East Coast Property Services LLC
- Provides high-quality residential and commercial cleaning services in York County, including Kennebunk.
- Offers recurring maid services, deep home cleaning, and move-in/move-out cleaning.
- Fully licensed, bonded, and insured with background-checked staff.
Marina Cleaning Services, Inc.
- Based in nearby Wells, ME, but serves Kennebunk.
- Offers personalized and quality cleaning services for offices, private homes, seasonal cottages, and retail facilities.
- Emphasizes custom cleaning to meet individual needs.
Pristine House Cleaning
- Serves various locations including Kennebunk and Kennebunkport.
- Known for their extensive service area and positive Google reviews.
Short-Term Rental Management Fees in Kennebunk, Maine
In Kennebunk, Maine, the management fees for short-term rentals, particularly those listed on platforms like Airbnb, can vary significantly based on the level of service provided. Full-service management companies, which handle tasks such as guest communication, marketing, booking management, cleaning, and maintenance, typically charge fees ranging from 15% to 30% of the rental revenue. These higher-end services are designed to free up the property owner's time and ensure the property is managed efficiently.
For more basic services, the fees may be lower, but additional costs can arise for specific needs like cleaning, repairs, or design enhancements. The variability in fees is influenced by factors such as property size, type, location, and the annual estimated or realized revenue. This flexible fee structure allows property owners to choose the level of management that best suits their needs and budget.