Minor Makeover on a Smaller Budget

Winterwood 3 is a great 2-bedroom plus loft townhouse located less than 5 minutes from the Thunderhead Lift. Its’ peaceful setting and serene wooded landscape makes for the perfect backyard retreat. However, what turned renters away was the dated interior. It needed a few cosmetic upgrades. The outcome? A fresh new look and feel to potential guests and added comfort for the owner.

Under the management of a different company, this little gem got lost in the shuffle. It was just another number and was not getting the attention that it deserved from its’ previous property management company. As a result, it was not producing the rental income the owners were hoping for.

When the owners approached Resort Town Properties, we discussed how an upgrade would give this property the facelift that it deserved and needed to generate the desired rental income. With a fresh paint job, granite countertops in the kitchen and 3 bathrooms, and a few new furnishings in the living and dining rooms, this quiet comfortable Steamboat property is now generating double the income for the owners.

The total remodeling budget for this property was $18,000. With the increased revenue from nightly rentals, the estimated payback time was 24 months

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