If you’ve considered listing your home on Airbnb, chances are you’ve probably wondered about the proper Airbnb price to list for your property. After all, it can be hard to estimate exactly how much it should cost others to stay in your home temporarily — especially if it’s been a while since you and/or your spouse purchased it. And though Airbnb does have a built-in estimator, it only considers the location of your home and how many people your home can accommodate.
But fear not! You don’t have to give up on the idea of making some extra money by listing your home on Airbnb. As it turns out, there’s a brand new estimator that considers many more factors to ensure that you’re properly pricing your home — both for the sake of you and your potential Airbnb guests.
It’s an online company called Elliot & Me, and the new start-up can give you a much clearer picture on what your home is really worth, taking into consideration many more factors than are considered on the Airbnb site. It values your property based on seasonality, competing services and products, supply and demand signals, and historical trends, along with basics like location and number of guests that can stay.
And after you enter in all your details for your home, you get the added bonus of seeing not only the daily and weekly estimate on your property but also the highest and lowest months for you for renting, nearby events that may increase demand on your home, and interestingly enough, what nearby properties are worth.
Oh, and it’s totally free. Happy money saving and money making to you!
h/t Vogue Australia