Airbnb & VRBO Performance in Wolfeboro New Hampshire.

Short-Term Rental Regulations in Wolfeboro, New Hampshire for 2024

Definitions and Applicability

• Short Term Rentals: Defined as the rental of any dwelling unit, or portion thereof, for an occupancy of less than 30 consecutive days.

Approval and Compliance

• Special Exception: Short term rentals are permitted by special exception in all zoning districts.
• Inspections: The dwelling unit must pass an inspection by the Wolfeboro Fire and Rescue Department and the Code Enforcement Officer, ensuring:
• Smoke and carbon monoxide detectors meet current New Hampshire State Fire Code and New Hampshire State Building Code requirements.
• All doors and windows designed for emergency egress comply with applicable codes.
• No basement space is used as a sleeping area unless there are two means of egress with properly sized windows or doors conforming to the New Hampshire State Fire Code and New Hampshire State Building Code.
• A functioning fire extinguisher is visibly installed in any kitchen area.

Occupancy and Capacity

• Maximum Occupants: The maximum number of occupants shall be two per bedroom, determined based on the New Hampshire Department of Environmental Services approved septic design or the Town of Wolfeboro Assessing Department Records, whichever is fewer.

Septic and Sewer Requirements

• Subsurface Sewage Disposal: For properties not served by Town sewer, the subsurface sewage disposal system must be properly functioning and have a New Hampshire Department of Environmental Services approval for the number of bedrooms. If the system lacks such approval, an evaluation by a New Hampshire Septic System Evaluator must be performed, and a current NHDES approval obtained for any new system installation.

Parking Requirements

• Onsite Parking: The property must comply with the current parking requirements of Article XXII of the ordinance, with all parking being onsite and in designated parking areas.

Tax Compliance

• New Hampshire Room and Meals Tax License: The property owner must submit proof of a current New Hampshire Room and Meals Tax License identification number.

Approval Validity and Renewal

• Approval Duration: Approval of a short term rental is valid for two years from the date of approval and must be renewed every two years. Approval is property owner specific, and any change in ownership requires a new application.

Revocation

• Revocation of Approval: Approval may be revoked for failure to comply with this article or with any condition of approval. If revocation occurs, the property owner may not apply for reinstatement for a period of one year.

State and Local Taxes

• Meals and Rooms Tax: New Hampshire imposes a 9% Meals and Rooms (Rentals) Tax on all rentals that are less than 185 consecutive days, including any cleaning or service fees.

Additional Considerations

• Homeowners Association Rules: If the property is part of a homeowners association, additional rules and regulations may apply.
• Local Enforcement: While regulations are in place, enforcement may be lenient, as indicated by few Airbnb listings including their license numbers.

Top Neighborhoods for Airbnb Revenue in Wolfeboro, New Hampshire

Why These Neighborhoods Are Appealing

Wolfeboro, situated on the shores of Lake Winnipesaukee, is a popular destination for vacationers due to its scenic beauty, outdoor activities, and charming local amenities. Here are the top neighborhoods generating significant Airbnb revenue and their appeal to guests:

1. Lake Winnipesaukee Area

• Appeal: This area is highly sought after due to its direct access to Lake Winnipesaukee, offering activities such as boating, kayaking, and fishing. Properties here often come with private docks and stunning lake views, making them ideal for families and water sports enthusiasts.

2. Downtown Wolfeboro

• Appeal: Downtown Wolfeboro provides easy access to local shops, restaurants, and cultural attractions like the Wright Museum of World War II and The Libby Museum. Guests appreciate the convenience and charm of staying in the heart of the town, with many properties offering upscale amenities and waterfront views.

3. Kingswood Golf Course Area

• Appeal: This area is attractive to golf enthusiasts and those looking for a more relaxed, scenic stay. Properties near the Kingswood Golf Course often offer spacious grounds and are close to other outdoor activities such as hiking and biking trails.

4. Cotton Valley Trail Area

• Appeal: The Cotton Valley Trail is a popular spot for outdoor activities like hiking, biking, and cross-country skiing. Guests are drawn to this area for its natural beauty and the opportunity to engage in various sports and recreational activities.

5. Wright Museum and Surrounding Areas

• Appeal: The Wright Museum of World War II is a significant attraction in Wolfeboro, and staying in the surrounding areas provides guests with easy access to this and other local historical sites. The neighborhood also offers a mix of historical charm and modern amenities.

Key Statistics

• Occupancy Rate: A median occupancy rate of 58% indicates strong demand for short-term rentals in these areas.
• Average Daily Rate: Properties in these neighborhoods can command an average daily rate of $336, reflecting their high appeal and value to guests.
• Annual Revenue: Hosts in Wolfeboro can expect an average annual revenue of $78,000, highlighting the profitability of investing in Airbnb properties in these neighborhoods.

These neighborhoods combine natural beauty, recreational opportunities, and local charm, making them highly appealing to guests and lucrative for Airbnb hosts.

Furnishing and Design Tips for an Airbnb in Wolfeboro, New Hampshire

Embrace the Local Charm

• Incorporate elements that reflect Wolfeboro's history and status as the "Oldest Summer Resort in America." Use vintage or vintage-inspired decor, such as antique furniture, nautical themes, and historic photographs of the area.

Highlight Natural Beauty

• Take advantage of the stunning views of Lake Winnipesaukee and the surrounding mountains. Use large windows, mirrors, and light-colored curtains to bring in natural light and enhance the views.

New England Style

• Adopt traditional New England-style decor, including wooden accents, cozy textiles, and classic color schemes like navy blues, reds, and whites. This will help create a warm and inviting atmosphere.

Outdoor-Inspired Interiors

• Bring the outdoors in by incorporating natural materials and motifs. Use wood, stone, and plants to create a seamless transition between indoor and outdoor spaces.

Local Art and Crafts

• Showcase local art and crafts to add a personal touch. Include works from local artists, handmade jewelry, and other unique items found in Wolfeboro's galleries and shops.

Cozy and Comfortable

• Ensure the space is cozy and comfortable, especially for winter visitors. Include plush furnishings, fireplaces, and warm lighting to create a welcoming ambiance.

Functional and Practical

• Balance aesthetics with functionality. Provide ample storage, comfortable seating areas, and well-equipped kitchens to cater to both short-term and long-term guests.

Seasonal Decor

• Adapt your decor to reflect the changing seasons. For summer, emphasize light, airy decor and outdoor living. For winter, focus on warm, cozy elements like throw blankets and festive lighting.

Community Touches

• Add touches that reflect the strong sense of community in Wolfeboro. Include local maps, guides to community events, and recommendations for local eateries and activities.

Technology and Amenities

• While maintaining the traditional charm, ensure the space is equipped with modern amenities such as Wi-Fi, smart TVs, and other conveniences that guests expect.

Attention to Detail

• Pay attention to small details that can make a big difference. Provide local treats, fresh flowers, and personalized welcome notes to make guests feel special and connected to the area.

Discovering Wolfeboro, New Hampshire: Local Attractions and Insider Tips

Outdoor Activities

• Lake Winnipesaukee and Lake Wentworth:
• Enjoy boating, fishing, swimming, or kayaking in the summer. In winter, experience ice fishing and snowmobiling.

• Visit Albee Beach on Lake Wentworth for a relaxing day or roast hot dogs on a grill.

• Hiking and Skiing:

• Hike the Ring Dike, an extinct volcano from the Jurassic Period, or explore the Sewall Woods Path for stunning fall foliage.

• Downhill ski at the Abenaki Ski Area, the oldest small ski area in America, and enjoy Nordic trails and night skiing.

• Water Sports:

• Take a scuba diving tour to explore submerged wrecks in Lake Winnipesaukee.
• Go tubing on Lake Winnipesaukee for a fun-filled day.

Cultural and Historical Sites

• Museums:
• Visit the Clark Museum Complex, which includes the Clark House (1778), an antique firehouse, a one-room schoolhouse, and an 1820s barn.
• Explore the Wright Museum of World War II, featuring exhibits on 1940s home life and a significant military vehicle collection.
• Discover local wildlife and natural specimens at the Libby Museum of Natural History.

• Learn about boating history at the NH Boat Museum and take a vintage boat ride on the Millie B.

• Historic Tours:

• Take a narrated tour of historic Wolfeboro on the Molly the Trolley, which includes scenic views of Lake Winnipesaukee and waterfront homes.

Arts and Entertainment

• Free Concerts:
• Attend free concerts at Cate Park in downtown Wolfeboro during the summer.

• Enjoy the Great Waters Music Festival, which features jazz, folk, classical, and Broadway music performances.

• Theater:

• Watch community theater productions at the Village Players Theater, a launching ground for shows that often move to larger stages.

Shopping and Dining

• Downtown Wolfeboro:
• Browse eclectic shops, find fine art and upscale gifts, and enjoy dining at local restaurants with outdoor seating.

• Shop tax-free at locally-owned shops and boutiques.

• Local Markets:

• Visit the Wolfeboro Area Farmers’ Market for fresh produce and homemade goodies.

Insider Tips

• Bailey’s Bubble:

• Don’t miss the amazing ice cream at Bailey’s Bubble, a Wolfeboro institution.

• Millie B Boat Rides:

• Ride the Millie B, a 1928-style wooden boat, for a 45-minute narrated tour of Lake Winnipesaukee.

• High Meadow Farms:

• Enjoy horseback riding with spectacular views of the White Mountains and beautiful trails at High Meadow Farms.

• Pop Whalen Ice & Arts Center:

• Skate at the Pop Whalen Ice & Arts Center when outdoor skating conditions are not ideal.

• Castle in the Clouds:

• Tour the eccentric mountaintop estate of Thomas Gustave Plant, built in 1913, with breathtaking views, gardens, and hiking trails.

Seasonal Activities

• Summer Festivals:

• Attend outdoor festivals with games, music, food, and entertainment. Watch the Wolfeboro Off-Shore Ad Lib Precision Lawn Chair Drill Team in the 4th of July Parade.

• Fall Foliage:

• Enjoy fall foliage while walking the Sewall Woods Path or pick apples at one of the many local orchards.

• Winter Activities:

• Cut your own fresh Christmas tree at a local tree farm or participate in the ice fishing derby.

By sharing these attractions and insider tips, you can help your guests make the most of their visit to Wolfeboro, New Hampshire.

Practical Tips to Run a Successful Short Term Rental Business in Wolfeboro, New Hampshire

To ensure a smooth and enjoyable experience for both guests and the local community in Wolfeboro, New Hampshire, several practical tips can be implemented for a successful short-term rental business.

Noise Regulations and Quiet Hours

Inform guests about quiet hours and noise regulations to maintain a harmonious environment. Include clear guidelines in your digital and physical house manual, emphasizing the importance of respecting the neighborhood, especially during late hours.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should be easily accessible to guests, either through a welcome packet or a digital link provided upon check-in.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with a unique access code and detailed instructions on how to enter the property. This not only enhances convenience but also reduces the likelihood of lost keys.

Clear Parking Instructions

Include parking instructions with photos in your house manual to avoid any confusion. Specify designated parking areas, any restrictions, and how to navigate the property's parking layout. This helps in maintaining order and ensuring that guests park in the correct areas, respecting both the property and neighboring residences.

By implementing these strategies, you can enhance guest satisfaction, minimize potential issues, and contribute to a positive experience for all parties involved in the short-term rental business in Wolfeboro, NH.

Here is a brief list of house cleaning providers in Wolfeboro, New Hampshire:

House Cleaning Services

Wolfeboro Cleaning

• Offers home, commercial, maid, window washing, move-in/move-out, and other cleaning services.

Sparkling and Beyond

• Provides professional cleaning services, including deep cleaning and regular maintenance, using state-of-the-art equipment.

Care.com Cleaning Services

• Lists individual cleaning professionals with an average rate of $30/hr and an average of 5 years of experience.

Top 10 Best House Cleaners on Angie's List

• A list of highly-rated house cleaners in Wolfeboro, NH, with details on services, rates, and other important considerations.

Note that these services primarily focus on cleaning and do not include repair or maintenance providers. For repair and maintenance, you may need to look into separate local contractors or services.

Short-Term Rental Management Fees in Wolfeboro, New Hampshire

In Wolfeboro, New Hampshire, the fees for managing short-term rentals, such as those listed on Airbnb, can vary significantly based on the level of service provided. Typically, these fees range from 10% to 30% of the rental revenue. Full-service management, which includes comprehensive services like 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 may include fewer amenities, can be less expensive. Additionally, property owners may incur extra fees for cleaning, repairs, or design services, which can be calculated separately from the management fee. For instance, some management companies charge a consumables fee per reservation to cover items like linens, toiletries, and other essentials to ensure the property is guest-ready. Understanding these fee structures is crucial for property owners to make informed decisions when selecting a property management company.