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While the specific data for Peaks, North Carolina is not provided, the broader context for North Carolina and particularly vibrant tourist destinations like Asheville suggests that short-term rental performance in similar areas is strong, with high occupancy rates, increasing nightly rates, and a thriving tourism industry driving lucrative opportunities for investors and hosts.
Thriving Short-Term Rental Market in Asheville, North Carolina
Asheville, North Carolina, continues to shine as a top destination for vacationers, and its short-term rental market is flourishing. Despite national trends showing slower growth in hotel demand, Asheville's short-term rental sector has seen a staggering 57% growth in demand from 2019 to 2024, significantly outpacing the 5% growth in hotel demand during the same period.
The city's allure, with its lush botanical gardens, hiking trails in the Pisgah National Forest, and a vibrant brewery scene, attracts nearly 12 million visitors annually. This high demand translates into strong occupancy rates for vacation rentals, with properties in the mountains or those offering scenic views of the Blue Ridge Mountains being particularly popular. While specific average daily rates are not provided, it is clear that larger properties, such as five-bedroom homes, command higher daily rates and generate substantial yearly revenue.
As the Ad Hoc Short-Term Rental Committee works to establish regulations, the sector remains a lucrative investment opportunity, with balanced inventory and consistent year-round demand, making Asheville an ideal location for vacation rental investments.
Short-Term Rental Regulations in Pinehurst, North Carolina for 2024
Definition and Zoning
- A short-term rental is defined as a transient lodging use of a residential dwelling rented for less than 30 days for financial or other consideration, exceeding 14 days in a calendar year. This excludes homestays where the full-time resident remains on site.
Permitted Zoning Districts
- New short-term rentals are only permitted in the Hotel (H) Zoning District and the Village Mixed Use (VMU) Zoning District. Existing rentals before October 27, 2022, can continue as nonconforming use with a nonconforming use certificate.
Maximum Occupancy
- Maximum occupancy is limited to two persons per bedroom.
Parking Requirements
- One parking space is required per bedroom.
Health and Safety Regulations
- Installation of smoke detectors (one per bedroom) and carbon monoxide detectors (one per floor) is mandatory.
Additional Requirements
- Cooking facilities are not permitted in bedrooms.
- Bedrooms and other habitable rooms must meet size, ceiling height, egress, and minimum light and ventilation requirements as per the Pinehurst Municipal Code, the North Carolina State Building Code, and the North Carolina Vacation Rental Act.
Other Regulations
- Trash disposal procedures and sanitation schedules must be followed.
- Compliance with noise ordinance hours is required.
- House rules and the owner's or manager's contact information must be posted at the main entrance of the property.
Taxation
- A hotel occupancy tax rate of 6% and a combined sales tax rate of 7% apply to short-term rentals in Pinehurst.
Temporary Exemption
- Property owners can rent out their home or accessory dwelling in any zoning district for up to 14 days in a calendar year without needing a development permit or complying with Ordinance #22-15.
Practical Tips to Run a Successful Short Term Rental Business in Charlotte, North Carolina
To ensure a smooth and successful short-term rental business in Charlotte, North Carolina, several practical tips can be implemented:
Noise Regulations and Quiet Hours
Inform your guests about quiet hours and noise regulations to maintain a peaceful environment for both your guests and neighboring residents. Clearly outline these rules in your rental agreement and provide a reminder in your digital and physical house manual.
Digital and Physical House Manual
Create a comprehensive house manual that includes essential instructions, Wi-Fi passwords, and other important details about the property. This manual should be both digital (accessible via a shared link or app) and physical (a printed copy available at the property).
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, and consider sending a welcome message with all the necessary details before their arrival.
Parking Instructions with Photos
Ensure that guests know where to park by providing detailed parking instructions accompanied by photos. This can help prevent confusion and potential issues with neighbors or local parking regulations.
By implementing these tips, you can enhance the guest experience, reduce potential issues, and maintain compliance with local regulations such as those related to zoning, business licensing, and tax obligations in Charlotte.
