While specific data for Washington, Vermont is not provided, the state as a whole is experiencing a robust growth in short-term rentals, with a 16% increase in active units and a record 51,290 reservations in September 2023, highlighting a thriving tourism sector and lucrative investment opportunities.
Thriving Short-Term Rentals in Vermont: A Beacon of Success
Vermont, particularly areas like Stowe and other ski resort towns, is experiencing a significant surge in the short-term rental market. As of September 2023, Vermont saw a record high of 11,747 active short-term rentals, with 51,290 reservations, indicating a robust demand for these accommodations. The average monthly revenue per rental, although slightly dipped to $4,181, still reflects a strong financial performance after three years of substantial growth since the pandemic.
In towns like Stowe, known for its picturesque landscapes and world-class ski resorts, the average projected annual revenue for a short-term rental is an impressive $79,400, according to AirDNA. This highlights the lucrative potential for investors and hosts in these areas. The consistent growth in occupancy and revenue underscores Vermont's appeal as a top destination for tourists, making it an excellent choice for those looking to invest in or operate short-term rentals.
Short-Term Rental Regulations in Vermont for 2024
State-Level Regulations
- Registration with the Vermont Department of Taxes:
All short-term rental operators must obtain a Vermont meals and rooms tax account number and include it in any advertisements for the rental.
Tax Collection and Remittance:
- Collect and remit a 9% Vermont Meals and Rooms tax on all rental charges, including cleaning fees and guest fees for reservations of 29 nights or shorter. An additional 1% local option tax may apply in certain municipalities.
Starting August 1, 2024, a new 3% surcharge will be applied to short-term rental income, which operators must collect and remit along with the existing taxes.
Safety Standards:
Short-term rentals must adhere to state fire safety and life safety codes, including installing operable emergency exit windows and functional smoke and carbon monoxide alarms.
Required Information Posting:
Hosts must post certain information within the rental units, including contact details for the person responsible for maintenance and contact information for the Department of Health and the Department of Public Safety's Division of Fire Safety.
Safety Compliance Form:
- Operators must complete the 'Short Term Rental Safety, Health and Financial Obligations' form and display it inside the rental property.
Local-Level Regulations
- Killington:
Short-term rental operators must register their rentals with the Zoning Administrator and renew their applications annually by November 15.
Burlington:
Hosts must live on the same property as the unit they operate (except in limited circumstances). There are proposed reforms to limit the number of housing units that can be converted to short-term rentals.
South Burlington:
Short-term rentals are only permitted in homes where the owner resides full-time (defined as at least six months and one day each year). Operators must register with the city for an annual fee and make rentals available for inspections.
Stowe:
Short-term rental operators must collect and pay the 9% Vermont Meals and Rooms tax and the town’s 1% local option tax. Hosts operating three or more units are required to obtain a food and lodging license.
Woodstock:
- Hosts must obtain a permit before renting out their property. There are limits on the number of times a property can be rented out per year, and hosts must provide on-site parking and display notices regarding parking, garbage, and noise limits.
Additional Requirements
- Insurance:
While not always legally required, it is highly recommended to obtain appropriate insurance coverage for short-term rental properties, as homeowner’s policies often have business activity exclusions.
Local Zoning Laws:
- Rules can vary significantly between municipalities, and hosts must comply with local zoning laws and regulations.
Top Neighborhoods for Airbnb Revenue in Washington County, Vermont
1. Waterbury Center
- Appeal: Waterbury Center is highly appealing due to its central location near popular attractions such as Stowe Mountain Resort, Bolton Valley, and the Ben & Jerry's Ice Cream Factory. Guests praise the area for its stunning mountain views, proximity to hiking and skiing trails, and the charming local shops and restaurants in Waterbury Village.
- Popular Listings: Properties like the "Badger Cottage," "Full House 3 Bedrooms/3.5 Baths," and "Vermont Getaway Home" are highly rated for their rustic charm, modern amenities, and scenic views.
2. Stowe
- Appeal: Stowe is a favorite among guests for its world-class ski resorts, including Stowe Mountain Resort, and its vibrant downtown area with numerous restaurants, shops, and the famous Von Trapps Lodge & Brewery. The area offers a mix of outdoor adventures and cultural experiences.
- Popular Listings: The "Serviced apartment in Stowe" and "Stowe area, Lake view, Newly Renovated 2024" are top choices for their central location, mountain views, and easy access to ski resorts and local amenities.
3. Waterbury
- Appeal: Waterbury attracts guests with its historic village, close proximity to Ben & Jerry's Factory, and easy access to ski areas like Stowe and Sugarbush. The area is also known for its local breweries, hiking trails, and scenic views.
- Popular Listings: The "Village Suite," "Village Oasis 2," and "Waterbury Village Townhouse" are highly rated for their modern amenities, central location, and walking distance to local shops and restaurants.
4. Montpelier
- Appeal: Montpelier, the state capital, is appealing for its unique blend of small-town charm and access to Vermont's natural beauty. Guests enjoy the historic downtown area, nearby hiking trails, and the convenience of being less than 40 minutes from major ski areas.
- Popular Listings: The "Entire 2nd Floor Walk to Montpelier" is a favorite for its location, beautiful porch, and easy access to Vermont's attractions.
5. Williamstown
- Appeal: Williamstown is attractive due to its central location between Killington and Sugarbush ski areas, its historic charm, and the nearby attractions like the Bar Hill Distillery and Norwich University. Guests appreciate the peaceful surroundings and easy access to outdoor activities.
- Popular Listings: The "Garden Getaway" and "Cozy/Private, close to hospital, i-89" are highly rated for their comfortable accommodations, beautiful views, and convenient location.
These neighborhoods are consistently popular among Airbnb guests due to their unique blend of natural beauty, outdoor activities, and access to local culture and amenities.
Furnishing and Design Tips for an Inviting Airbnb in Washington, Vermont
Choosing the Right Furniture
- Select Durable and Functional Pieces: Opt for furniture made from durable materials such as wood or metal, which can withstand wear and tear. Consider multi-functional items like sofa beds, folding tables, and ottomans with storage compartments to maximize space.
- Comfort and Quality: Prioritize comfort and quality, especially for high-traffic areas like sofas and beds. Choose sturdy beds with easy-to-clean surfaces and consider memory foam mattresses for durability.
- Space-Saving Solutions: Use beds with drawers, wall hooks, and stackable containers to optimize storage and keep the space tidy.
Decorating for Comfort & Style
- Cohesive Aesthetic: Define a cohesive style and aesthetic that complements the unique charm of Washington, Vermont. Use a consistent color palette throughout the home to create balance and symmetry.
- Personal Touches: Incorporate local artwork, photographs, or personal touches that reflect the area's culture and beauty. Avoid personal items like family photos to maintain a welcoming atmosphere for guests.
- Accessories: Use throw pillows, blankets, rugs, and lamps to tie the space together and add warmth.
Room-Specific Tips
- Bedroom:
- Ensure a solid, easy-to-clean bed with a mattress cover.
- Provide ample storage for linens and personal items.
- Include a full-length mirror and a power socket for hair dryers/straighteners.
- Living Area:
- Choose a durable, easy-to-clean sofa, preferably with washable covers.
- Consider a sofa bed to increase guest capacity.
- Add plants and decorative items to liven up the space.
- Dining Area:
- Use a tough and resistant dining table that can be dressed up with tablecloths and decor.
- Opt for comfy, lightweight chairs that are sturdy yet easy to move.
- Kitchen:
- Equip the kitchen with essentials like a coffee maker, microwave, toaster, and kettle.
- Include basic cookware, utensils, and dinnerware.
- Provide storage for food and cooking supplies.
- Workspace:
- Ensure a sturdy desk and comfy chair for guests who need to work.
- Provide good lighting and easy access to power outlets.
- High-speed internet is crucial for business travelers and digital nomads.
Safety and Convenience
- Safety Considerations: Ensure all furniture is safely placed and does not create hazards, especially for families with young children. Install smoke detectors, carbon monoxide detectors, and a first aid kit.
- Accessibility: Consider making your Airbnb accessible to guests with disabilities by including features like ramps, wide doorways, and grab bars in bathrooms.
- Easy Maintenance: Choose furniture that is easy to clean and maintain. Use durable towels in neutral colors that can be bleached, and provide enough storage for guests' toiletries and personal items.
Budgeting and Shopping
- Budget Effectively: Plan your budget carefully, considering both the quality and cost-effectiveness of the furniture. Shopping at thrift stores, online second-hand marketplaces, and discount furniture stores can be cost-effective.
- Splurge Wisely: Identify key areas where it's worth splurging, such as statement pieces like couches or dining tables, to create a memorable and inviting space.
By following these tips, you can create an Airbnb in Washington, Vermont, that is both inviting and reflective of the city's unique style, ensuring a positive experience for your guests.
Local Attractions and Insider Tips for Washington, Vermont
Local Attractions
Outdoor Activities
- Hiking Trails: Explore the beautiful landscapes of Washington through various hiking trails. Recommended spots include trails within the Vermont State Park system and nearby areas like Mt. Philo and Mt. Mansfield.
- Fishing and Fly Fishing: Enjoy freshwater fishing in the local streams and lakes, with the Vermont Fish & Wildlife Department maintaining several hatcheries in the area.
- Biking: Take advantage of the scenic bike routes, such as those offered by Central Vermont Cycling and Lake Champlain Bikeways.
Historical and Cultural Sites
- Rock of Ages Visitors Center & Quarry Tours: Although located in nearby Barre, this attraction is worth a visit to see the world-famous granite quarry.
- Local Farms and Orchards: Visit farms like Shelburne Farms to experience rural Vermont life, see farm animals, and enjoy local produce.
Nearby Attractions
- Montpelier State House: A short drive away, this historic state house is a must-visit for history enthusiasts.
- Downtown Montpelier: Explore the charming shops, restaurants, and cultural events in Vermont's capital city.
- Shelburne Museum: Located in Shelburne, this museum offers a rich cultural and historical experience with its extensive collections and exhibits.
Insider Tips
Seasonal Activities
- Winter: Enjoy snowshoeing, Nordic skiing, and ice fishing. Participate in events like the Lake Champlain Pond Hockey Classic.
- Spring to Fall: Take in the beautiful scenery during hikes, go biking on the local trails, or enjoy sailing and boating on Lake Champlain.
Local Eateries and Shopping
- Local Produce: Visit local farms and markets to taste the fresh produce Vermont is known for.
- Antique Shops: Explore the East Barre Antique Mall for unique shopping experiences.
- Community Events: Check out local events such as farmers' markets, food festivals, and holiday markets in the area.
Hidden Gems
- Floating Bridge: Visit the Floating Bridge in Brookfield, a unique and historic bridge that is a short drive from Washington.
- Covered Bridges: Explore the picturesque covered bridges scattered throughout the region.
Additional Tips for Airbnb Hosts
- Provide Maps and Guides: Offer guests maps and guides to local hiking trails, bike routes, and other outdoor activities.
- Recommend Local Restaurants: Share recommendations for local eateries and cafes that serve fresh, locally-sourced food.
- Highlight Seasonal Events: Inform guests about seasonal events and activities that they can enjoy during their stay.
- Offer Local Insights: Share insider tips on the best times to visit popular attractions and any local secrets that make the area special.
Practical Tips to Run a Successful Short-Term Rental Business in Vermont
To ensure a smooth and enjoyable experience for both you and your guests, here are some practical tips for running a successful short-term rental business in Vermont:
Noise Regulations and Quiet Hours
Inform your guests about noise regulations and quiet hours to maintain a peaceful environment. Include this information in your listing and house manual to set clear expectations. This helps in avoiding complaints from neighbors and ensures a respectful stay.
Digital and Physical House Manual
Create a comprehensive digital and physical house manual that includes essential instructions, Wi-Fi passwords, and contact information for maintenance and emergency services. This manual should be easily accessible and cover all aspects of the property, from appliance usage to safety features.
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 use the smart locks and ensure they have all necessary access codes before their arrival.
Parking Instructions with Photos
Include detailed parking instructions with photos to help guests navigate the property's parking area. This reduces confusion and ensures that guests park in the correct spots, avoiding any potential issues with neighbors or local authorities.
By implementing these tips, you can enhance the guest experience, reduce potential issues, and maintain a positive reputation for your short-term rental business in Vermont.
Here is a brief list of house cleaning services that may serve the Washington, Vermont area, although the specific providers listed may not be exclusively based in Washington, VT:
House Cleaning Services
The Maids
- Offers a variety of cleaning services including deep cleaning, one-time cleaning, spring or fall cleaning, same-day cleaning, move-out and move-in cleaning, and more.
- Serves areas including Burlington, Montpelier, Stowe, and other nearby towns, which may include services in the Washington, VT area.
Lime Maids
- Provides home cleaning and maid services with a focus on green and earth-friendly practices.
- Operates in various parts of Vermont, including Burlington and surrounding areas, and may extend services to other regions upon request.
General Information on Hiring Cleaning Services
For specific providers in Washington, VT, it is advisable to check local listings and reviews. Here are some tips for hiring a cleaning service:- Check services offered, references, background checks, schedule, availability, and insurance.- Inquire about their policy on tipping, bringing cleaning supplies, and emergency availability.
To find more localized services, you may need to check local directories or review sites such as Angie's List or Care.com.
Short-Term Rental Management Fees in Washington, Vermont: A Breakdown of Costs and Services
In Washington, Vermont, as in other parts of the state, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue. The fee structure is often tied to 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 falling between 25% to 30% of the rental income. In contrast, basic services that may only include minimal management tasks can cost less, usually around 10% to 20%. Additionally, hosts may incur extra fees for services like cleaning, repairs, or design, which can be included in the monthly management fee or charged separately depending on the property management company's policies.