Pricing help please
Posted: Sun Jun 25, 2017 5:21 pm
Hi
Sorry, very newbie issue but I am really struggling with pricing. We have a 6 bedroom cottage that can sleep 12 - 16 (possibly more but we can seat 16 at dining tables & in lounges so that seems a sensible max). It's an ongoing project, outside is a bit shabby but will take a few more months to finish & we could do with seeing if we can get some income over the summer. The cottage is also next door to our house/business which is a HUGE renovation project so also a but untidy & in need of some work.
Consequently we want to set the prices lower than market value and explain that this is because the cottage is an ongoing project & the price reflects the condition (rather than price too high & have people complain). There aren't many large cottages near us so we hope we'd have some appeal because of the cottage size.
I have been warned that this could attract the wrong kind of customer but I'm not sure how else we can be honest & not get disappointed customers.
Also, I am unsure whether I should offer a price for 8 or 10 visitors (8 would mean we use 4 bedrooms & could close off a section of the cottage effectively) and then have an additional price per person per night up to 16. That way, if people are looking for something smaller they can pay less. Is that a silly idea? The main listing sites seem to offer that as an option.
I'm also planning to let for whole weeks only in school holidays & do 3 night/4 night breaks outside this period.
Any advice gratefully received.
Em
Sorry, very newbie issue but I am really struggling with pricing. We have a 6 bedroom cottage that can sleep 12 - 16 (possibly more but we can seat 16 at dining tables & in lounges so that seems a sensible max). It's an ongoing project, outside is a bit shabby but will take a few more months to finish & we could do with seeing if we can get some income over the summer. The cottage is also next door to our house/business which is a HUGE renovation project so also a but untidy & in need of some work.
Consequently we want to set the prices lower than market value and explain that this is because the cottage is an ongoing project & the price reflects the condition (rather than price too high & have people complain). There aren't many large cottages near us so we hope we'd have some appeal because of the cottage size.
I have been warned that this could attract the wrong kind of customer but I'm not sure how else we can be honest & not get disappointed customers.
Also, I am unsure whether I should offer a price for 8 or 10 visitors (8 would mean we use 4 bedrooms & could close off a section of the cottage effectively) and then have an additional price per person per night up to 16. That way, if people are looking for something smaller they can pay less. Is that a silly idea? The main listing sites seem to offer that as an option.
I'm also planning to let for whole weeks only in school holidays & do 3 night/4 night breaks outside this period.
Any advice gratefully received.
Em