Airbnb & VRBO Performance in Wilmington Vermont.

Short-Term Rental Regulations in Wilmington, Vermont for 2024

State and Local Regulations

General Requirements

• Short-term rentals (STRs) are defined as furnished dwelling units rented to the public for fewer than 30 consecutive days and more than 14 days per calendar year.

Zoning and Permits

• All STRs in Wilmington require a Zoning Permit before use. The fee is 10 cents per square foot, plus an $18 filing fee.
• STR permits are valid for one year, down from the previous two-year validity.

Cap on STRs

• The number of STR permits is capped at 150. The town council can grant exemptions to this cap after a public hearing.

Inspections

• Every STR must be inspected by the town code enforcement officer every two years.

Safety and Health Standards

• STRs must meet state fire safety codes, including emergency exit windows, smoke and carbon monoxide alarms, stairways, and handrails. Inspections by the State Fire Marshal are required.

Wastewater and Parking

• Bedrooms added after 2007 require a Wastewater Permit with a change in occupancy. Typically, two occupants per bedroom are allowed.
• A site plan is required to show parking spaces for all STR guests, with 0.75 spaces per bedroom. Parking spaces must be 10x18 feet.

Fire Marshal Permits

• For STRs accommodating more than 8 guests, additional permits from the regional Fire Marshal are required.

Taxation

• STR operators must collect and remit the state meals and rooms tax (9%) and any local option tax (1%). Starting August 1, 2024, a 3% surcharge will be added to STR bills, which goes to the state Education Fund.

Advertising and Registration

• STR operators must include their Vermont meals and room tax account number in any advertisements.
• STRs must be registered with the Vermont Department of Taxes and, if applicable, with local tax authorities.

Additional Regulations

• No more than two STR units may operate on one property without being licensed as a Lodging Establishment by the Vermont Department of Health.
• STRs cannot offer food service without a license from the Vermont Department of Health.

Compliance and Enforcement

• The Commissioner may inspect STRs and their records at reasonable times. Non-compliance can result in violations and potential failure of septic systems.
• Existing STRs must comply with new regulations, and any changes of use or structure require a zoning permit.

Top Neighborhoods for Airbnb Revenue in Wilmington, Vermont

1. Downtown Wilmington

• Appeal: Guests favor this area due to its easy walkability to the center of town, access to restaurants, shops, bars, and gift shops. Properties like the "Walk To Wilmington Village" rental, which is highly rated for its location and amenities, contribute to the high revenue.
• Amenities: Proximity to historic downtown, free bus to Mount Snow, and private porches and yards.

2. Areas Near Mount Snow

• Appeal: The proximity to Mount Snow, a popular ski resort, makes these areas highly attractive for guests. Rentals such as the "Mt Snow Chalet: Peaceful Escape w/Hot Tub" and the "Home in Wilmington" with easy access to Mount Snow are in high demand.
• Amenities: Quick access to skiing, hiking trails, and other outdoor activities.

3. Readsboro and Surrounding Areas

• Appeal: Guests are drawn to the peaceful and scenic surroundings, such as the "Home in Readsboro" which offers panoramic views, a babbling brook, and a clawfoot soaking tub. The area's natural beauty and access to hiking, antiques, and local inns add to its appeal.
• Amenities: Panoramic views, scenic roads, access to lakes, picnics, and covered bridges.

4. Areas Near Molly Stark State Park

• Appeal: The proximity to Molly Stark State Park and other natural attractions makes this area appealing. The "Beautiful Timber Frame Retreat" is a favorite among guests due to its privacy, natural setting, and quick access to hiking trails and lakes.
• Amenities: Great hiking spots, privacy, and access to restaurants and breweries in downtown Wilmington.

General Appeal of Wilmington

• Natural Beauty: Wilmington's picturesque location in the Green Mountains, along with its historic covered bridges and charming downtown area, makes it a desirable destination for vacationers.
• Outdoor Activities: The town offers a variety of outdoor activities such as skiing, hiking, fishing, and boating, which attract tourists year-round.
• High Revenue Potential: With an average Airbnb revenue of $39,000 per year for various types of rentals and a cash on cash return of 3.00% on vacation rentals, Wilmington is a prime location for investors.

Furnishing and Design Tips for an Inviting Airbnb in Wilmington, Vermont

Understand the Local Style and Guest Preferences

• Wilmington, Vermont, is known for its rustic and cozy decor, reflecting the classic Vermont aesthetic. Incorporate elements such as wooden furniture and local art to create a warm and inviting atmosphere.

Choose Timeless and Durable Furniture

• Opt for sturdy, easy-to-clean furniture that can withstand frequent use. For example, choose solid beds with storage, sofas with washable covers, and dining tables that are resistant to wear and tear.

Enhance with Local Decor

• Incorporate unique local decor to give your Airbnb a distinctive character. This can include local artwork, handmade crafts, and elements that reflect the natural beauty of the area.

Utilize Smart Storage

• Use space-saving furniture with big functionality, such as beds with drawers, wall hooks, and stackable containers. This helps keep the space tidy and provides guests with designated spots for their personal items.

Create a Welcoming Ambiance

• Add amenities like cozy fireplaces, hot tubs, and well-equipped kitchens to enhance the guest experience. These features are particularly appealing in a cold climate and can make your property stand out.

Ensure Functional and Comfortable Spaces

• Provide high-quality, durable towels and basic toiletries. Ensure there is ample storage for guests' toiletries and personal items. Include essentials like a hairdryer, first-aid kit, and basic cookware.

Optimize for Natural Light and Views

• Make sure to measure your rooms and arrange furniture to maximize natural light and scenic views. This can significantly enhance the appeal of your property, especially in a location known for its natural beauty.

Incorporate Mirrors and Lighting

• Use mirrors to make your space feel bigger and brighter. Ensure there is good lighting, including desk lamps and sufficient power outlets, which are crucial for guests who need to work.

Consider Guest Needs and Preferences

• Provide amenities that cater to various guest needs, such as high-speed internet for business travelers, comfortable workspaces, and pet-friendly accommodations if applicable.

Maintain a Consistent Theme

• Stick to your chosen theme, whether it is rustic, cozy, or modern, to create a cohesive and inviting environment. Avoid mixing and matching items from different brands to ensure consistency.

Add Touches of Nature

• Incorporate plants and natural elements to liven up the space and connect it to the surrounding environment, which is a key attraction in Wilmington, Vermont.

Discovering Wilmington, Vermont: Local Attractions and Insider Tips

Top Local Attractions

Natural Beauty and Outdoor Activities

• Hogback Mountain and 100-Mile View: A striking overlook with panoramic views, accessible via Route 9.
• Molly Stark State Park: Offers hiking, camping, picnicking, and a steel fire tower with breathtaking views.
• Mount Snow Resort: World-class skiing, mountain biking, golf, and scenic chairlift rides.
• Harriman Reservoir (Lake Whitingham): Ideal for boating, fishing, swimming, and picnicking.

Trails and Hiking

• Haystack Mountain Trail: A 5-mile round-trip hike with stunning views from the top.
• Valley Trail: Connects Mt. Snow, West Dover, and Wilmington, featuring woods, meadows, and wetlands.
• Hoot, Toot, and Whistle Trail: A scenic trail along the river and lake, perfect for walking and snowshoeing.
• Hogback Mountain Trails: Quiet woodland trails on the north side of Route 9.

Cultural and Historical Sites

• Art of Humor Gallery: Features cartoonist Skip Morrow’s work in downtown Wilmington.
• Wilmington Historical Society Museum: Explore the town’s rich heritage and historical sites like Memorial Hall and the Crafts Inn.
• Clark Historical Museum: Located nearby, offering insights into local history.

Dining and Shopping

• Downtown Wilmington: Eclectic culinary offerings, quirky shops, and local crafts.
• Dot’s Diner: A local favorite for traditional diner fare, especially breakfast.
• Jezebel’s Eatery: Known for paninis, desserts, and a good beer selection.
• Alpenglow: Offers a Swiss-inspired dining experience on Main Street.
• Beer Naked Brewery: Craft beers and wood-fired pizza with epic views.
• Metcalfe’s Distillery: Unique spirits and liqueurs, including Maple Bourbon and Vermont Moonshine.

Insider Tips

Transportation

• Use local taxi services like Walt’s Taxi or Mountain Drivers, or rideshare options like Uber. The Moover bus service is also available.

Events

• Deerfield Valley Blueberry Festival: An annual summer event featuring a street fair, blueberry-themed activities, live music, and a parade.

Hidden Gems

• Fairview Avenue Boat Launch: A sandy and rocky spot for swimming and boat launching.
• Boyd Hill Road Picnic Area: Great views and picnic facilities.
• Woods Road Picnic Area: A grassy picnic area and a small, sandy beach for launching canoes and kayaks.

Seasonal Activities

• Fall Leaf Peeping: Enjoy the spectacular fall colors along Vermont’s back roads.
• Winter Activities: Downhill skiing, tubing, cross-country skiing, and snowshoeing are available at nearby resorts like Mount Snow and Prospect Mountain.

By sharing these attractions and tips, your guests will be well-equipped to explore the full charm and beauty of Wilmington, Vermont.

Practical Tips to Run a Successful Short Term Rental Business in Wilmington, Vermont

To ensure the success of your short-term rental business in Wilmington, Vermont, several practical tips can make a significant difference in guest satisfaction and compliance with local regulations.

Noise Regulations and Quiet Hours

Inform your guests about quiet hours and noise regulations to maintain a peaceful environment and avoid potential complaints from neighbors. Include this information in your digital and physical house manual to set clear expectations.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, Wi-Fi passwords, and other important information. This manual should cover everything from appliance usage to emergency contact details, ensuring guests have all the information they need at their fingertips.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide clear parking instructions accompanied by photos to help guests navigate the property easily. This not only enhances the guest experience but also reduces the likelihood of issues or misunderstandings.

By implementing these strategies, you can ensure a smooth and enjoyable stay for your guests, while also adhering to local regulations and maintaining a positive reputation for your short-term rental property in Wilmington, Vermont.

Here is a brief list of house cleaning, repair, and maintenance providers in Wilmington, Vermont:

House Cleaning Services

• Local Cleaning Ladies: There are 24 affordable cleaning ladies listed in Wilmington, VT, with rates starting at $20.00/hr. These services can be found through platforms like Care.com.
• General House Cleaning Services: Several house cleaning services are available, with rates typically ranging between $30 and $50 per hour, depending on the size of the house and the type of cleaning needed.

Restoration and Emergency Services

• SERVPRO: Provides fire and water damage restoration, mold remediation, and professional cleaning services. They are available 24/7 and can respond to emergencies within 4 hours.

Additional Services

• SERVPRO also offers construction services and can handle tasks such as repairing damaged entryways, cleaning under and behind furniture, and polishing hard-to-clean surfaces.
• Various Providers: Some house cleaning services may also offer additional tasks like window cleaning, refrigerator cleaning, carpet cleaning, and laundry, though these services may vary by provider.

Short-Term Rental Management Fees in Wilmington, Vermont: A Range of Services and Costs

In Wilmington, Vermont, managing a short-term rental property can involve a variety of fees, typically ranging from 10% to 30% of the rental revenue, depending on the level of service chosen. Full-service management, which includes comprehensive services such as guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often starting at around 20% of the revenue.

Basic services, which might only include essential tasks like booking coordination and cleaning, may incur lower fees. Additionally, property owners may face extra costs for services like repairs, design and furnishing, and other optional amenities. For instance, Summer vacation rental management, which operates in Wilmington, charges a fee starting at 20% of the revenue, excluding cleaning fees, and can adjust based on the property's performance and location. This variability allows property owners to tailor their management services to their specific needs and budget.