flexiblefullpage - default
Currently Reading

How Short-Term Rentals Are Creating an Entirely New Buyer Profile

billboard - default
Home Design

How Short-Term Rentals Are Creating an Entirely New Buyer Profile

Short-term VRBO vacation rentals are helping homeowners relieve financial burdens imposed by skyrocketing borrowing costs and rampant inflation 

November 2, 2022
Homeowner greeting guest with suitcase outside of vacation rental
Image: Stock.adobe.com

The rise of VRBO real estate is introducing a new segment of homebuyers to the housing market, especially as Americans seek new ways to relieve the financial burdens of a market defined by rising mortgage rates and record high home prices. Not only do VRBO properties allow owners to reap the benefits of home equity gains, but they also provide a stream of revenue from renters.

Best of all, homeowners don’t always need to give up their homes in order to rent them out. According to Housing Design Matters, separate floors or living spaces can be split between owners and renters, leaving kitchens and entryways as communal spaces. With a number of live-in options and financial benefits, a growing share of short-term rental owners are leasing their homes out for a short time and moving in full-time down the road. 

In addition to a locked closet, what else can we do? Can the residence be divided in such a way that it can be rented and still have a space for the owner? You can’t add a second kitchen, but you could include a beverage center with a sink, under-counter refrigerator, coffee pot, and a small microwave.

One of our clients has a three-story townhome project about to start construction in the hip part of Greenville. We are now exploring how we can take the bottom floor and hold it for the owners’ occasional use and then rent the top two floors with VRBO. Of course, the owners can block out certain dates so they can use the entire place when they want.  

Read more

Related Stories

Housing Policy + Finance

The Downside of Rent-Control Measures

If implemented, housing experts say rent-control measures could actually discourage investment and development in the rental housing sector, contributing to the affordability crisis


Dakota Partners Provides Affordable Housing Through Homeless Prevention Response Fund Grant

The $1.27 million grant will be used to house formerly homeless residents at the Columbus Commons apartments in New Britain, Conn.

Housing Policy + Finance

Rent Control Policies Gain Traction—Economists Say They’re a Bad Idea

Support for rent control policies is building amid an ever-growing affordability crisis, but economists worry that if implemented, they could deter new housing development

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.