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Thinking outside the box - turn your home into a HOTEL!

Thinking outside the box - turn your home into a HOTEL!
by Kaushik Sirkar, Chandler REALTOR®
Chandler AZ Real Estate

Its a buyer's market. A strong buyer's market. Its tough on sellers and even harder on sellers whose homes are on the 'outskirts'. Some homes don't even get viewed. Some can't even be rented. What's an owner to do? Why not turn it into a hotel....

See this article from the Arizona Republic. One family was having a difficult time selling or renting there home in Pinal County. They decided to try something different. Now they rent their home out effectively as a hotel! Imagine getting a large, 5 bedroom house, fully furnished and stocked, for the same price as a small hotel room?

Sure, an actual hotel room would likely be located more towards the center of the Valley. But on the other hand, hotel rooms aren't that plentiful in more remote areas such as Pinal County.

This plan has been successful enough for one family to the point where one neighborhood has at least a dozen 'vacation' homes.

What will they think of next??

Thanks for Reading :)

Kaushik Sirkar, Chandler Realtor®
http://www.homesphx.com

Posted by Kaushik Sirkar on 05/14/2007 07:09 PM

Comments (12)

arizona real estate, phoenix real estate, chandler real estate, queen creek real estate, pinal county real estate

This post has been included in Arizona Information

12 Comments on Thinking outside the box - turn your home into a HOTEL!

MAY

2007

Two Words.

Zoning Problem ?

Kaushik what a interesting article. That is some creative thinking on their part. I have an investor client who talked about doing that with a property for incoming employees to his company.

You have to appreciate their creativity. I wonder how long the county will let it go on.

Definitely an interesting way to make do.. But like others above I wonder how long people will still be able to do this..

Anybody have any ideas how to find out whether this can be done in any community? Where do you start to look?

MAY

2007

Kaushik, it will be very weird that, but sounds fun :) as Michael wrote a different new way to make money :)

Kaushik, here in the North East we have Bed & Breakfast Inn's, which seem to me to be almost the same thing, but they have been approved through zoning for this.

I wonder how the Bank that holds the mortgage, and their Insurance Company is going to feel about this?

Rich - Thats one of my concerns. They are probably keeping it somewhat on the down-low...?

Ashley - Agreed, if nothing else it wreaks of creativity!

Jennifer - I'm guessing the county will let them be for a while. They have more pressing issues, like making sure the road infrastructure keeps up with all the rural growth!

Michael - Agreed!

Vicky - Seems like it CAN be done in any community, though it may just be against zoning laws!

Ray - Yes - you'd have to serve as your own hotel manager but do so from remote...

George - What is the zoning designation for a bed and breakfast?

Kaushik, I am not sure, but I would think that it has to have some type of business or commercial designation.

Someone has actually done this in my neighborhood and the neighbors have gone crazy. The owner did not get any permission from the Zoning commission. There are 6 rooms, people come and go. None of them are related, a clear violation of local Zoning laws. At this point, the Zoning commission has been called, but I don't know what they've done about it. This affects the resale value of neighboring homes and I would not recommend it to a potential buyer, even if it is "creative." The agent that knowingly sold the house as an illegal rooming house has essentially been shut out of the community by the residents. Their name is mud.

MAY

2007

Amy - Keep us posted on what happens! I was always thinking along the lines of what George said, a bed and breakfast type thing - or even the entire home rented to one group. All of this would of course require a zoning adjustment. But your situation sounds pretty bad!

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