Are you looking for ways to increase the revenue your Orlando vacation rental generates? You may have considered adding amenities such as a game room to provide extra entertainment for your guests. But do vacation rentals with game rooms actually make more money than those without them?
In this article, we explore the potential benefits of including a game room in your Orlando vacation rental property. We’ll look at the advantages of adding a game room, various factors that could influence the success of having a dedicated game room, and design inspiration from properties we manage in the area.
The Advantages of Adding a Game Room
One of the main benefits of having a game room in your vacation rental is that it appeals to a wider variety of guests and helps your property stand out from all of the other rentals available. Game rooms can provide entertainment for guests who are traveling with children, couples on a romantic getaway, and groups looking for some competition among friends.
Popular types of games to have include pool tables, foosball tables, and air hockey! We’ve seen everything from fantastic standalone arcade games and indoor electronic basketball games to classy poker tables. Hands down, the allure of this bonus space is often enough to convince potential renters to choose your property over one without a game room.
Considerations to Evaluate Before Adding a Game Room
Granted, there may be other factors to consider before you invest in adding a game room to your property. For example, do you have enough space? You may need to renovate or rearrange existing furniture and fixtures to accommodate the necessary equipment. The most common types of game rooms found in Orlando are garage conversions, but you can also use bonus living areas like an upstairs loft to strategically add extra amenities like a themed foosball table! Keep scrolling through to view design inspiration for both ideas.
Another factor to consider is the cost of adding a game room compared to its potential return on investment. If you increase your nightly rate by a certain amount, will it make up for the cost of installing and maintaining a game room over time? This can often be difficult to determine without extensive market research in your specific resort community.
What Does the Data Say?
The real reason you’re here is to find out if adding a game room to your Orlando investment property will increase your income, right? Well, when we look at data across the entire Orlando market from the last 3 years that compares approximately 8,500 vacation rentals in the area, we see apparent trends that having a game room not only increases occupancy but also significantly raises the average daily rate on average.
Game Room Inspiration: Orlando Vacation Homes
Would Adding a Game Room Increase Your Orlando Vacation Rental Income?
Ultimately, whether or not vacation rentals with game rooms make more money than those without them depends on many factors. However, if you have the space and resources available, adding a game room could be an effective way to attract more renters and maximize income from your Orlando vacation rental property!
Would you like a professional opinion? Our team would love the opportunity to assess your Orlando investment home and provide personalized insights about what may help increase your rental income. Email us today for a risk-free analysis of your property or schedule a time to chat with Alice on her calendar.