Airbnb’s have been on the rise in Regina. As of writing this blog, there are currently 298 listings for Airbnb’s in the city. Why is this number growing?
After hearing all of these fun facts. It may be easy to “make-up your mind” and determine that yes, let’s buy a house in Regina and turn it into an Airbnb rental—but of course there are some things that need to be looked at a little more closely.
It is important that you factor in additional costs such as:
Much like a long-term rental, there will be months that will be slower than others and the owner will need to make sure that they can afford the property in a downturn. But unlike long-term rentals, there is a bit more cleaning involved.
In addition, Airbnb’s rules are not set in stone and could change at a moment’s notice.
If you are going to buy a house in Regina for the sole purpose of turning it into an Airbnb rental, you need to consider who you want to attract and the best location and property to attract those people.
Nonetheless, it is best to look at this purchase as an investment property and not purely an Airbnb property. Would this property stand the test of time if Airbnb went out of business tomorrow (unlikely) and be put up as a long-term rental? If the investment did not end up generating the revenue that you expected, does the property possess desirable resale qualities that would allow for a quick sale?
Ensure that when you do buy a house in Regina, that the property has attractive features across the board. Investment properties always involve risk and it is good knowing what you are getting yourself into before you buy a house in Regina to turn it into an Airbnb rental.
If you have any questions about how to form a down payment and the dos and don’ts around them, I would be happy to meet and go through my home buyers guide!
Give me a call at 306-552-7047 or fill out my online contact form!
The Regina Real Estate Group delivers structured real estate strategy for buyers and sellers across Regina and surrounding communities. First-time buyers, move-up homeowners, downsizers, and investors benefit from data-driven pricing, disciplined marketing, and strategic negotiation designed to protect equity and long-term value.
With more than 450 successful transactions and deep local market insight, we provide clear guidance, preparation, and measurable results in every market cycle.
Connect with the Regina Real Estate Group for a complimentary consultation at 1-306-552-7047 and take the next step with confidence.
