However, in 2016, the City of Asheville began to really enforce the rules on investment vacation properties. So your neighbor would have to be annoyed to the point of reporting the violation, and even then the fines issued by the city were not usually enough to dissuade homeowners from continuing to use their Asheville homes as vacation rentals. However, this was a complaint-based system and the fines imposed by the city were minimal. The City of Asheville has long had restrictions on using private homes as short-term rentals, and most houses in the city limits were subject to 30-day minimums for vacation rentals. City Restrictionsīefore buying a home to use for Airbnb or VRBO in Asheville, it’s important to understand where you can and can’t use a home for such purposes. But this is not an option for a homeowner who wants to rent their second home (non-primary residence) as an STVR. Homestays have become increasingly popular as the city has clamped down on conventional vacation rentals. The owner may rent rooms in the home for up to 30 days as long as the owner lives in the home on a full-time, permanent basis. The key difference between a homestay and an STVR is the homestay is owner-occupied. The City of Asheville has very specific limitations on homes rented for less than 30 nights. Short-Term Vacation Rentals are also referred to as STVRs. In the City of Asheville, short-term vacation rentals are properties rented for less than 30 nights.
It’s also important to understand the types of vacation rentals that exist in Asheville. These include restrictions imposed by the City of Asheville, as well as private deed restrictions and zoning considerations. There are some important rental restrictions to consider before investing in a short-term rental in the Asheville, NC market. What Types of Restrictions Exist for Vacations Rentals in Asheville? These select homes with big views and easy proximity to amenities in town have incredible potential as vacation rentals. Some of these homes can be located just outside of the City of Asheville or towns like Black Mountain and Weaverville, and they can still have amazing mountain views. As a general rule, these homes are located in more rural locations, but that’s not written in stone. This type of vacation home will look great in photographs, and those pictures are great at attracting vacation tenants on sites like Airbnb and VRBO. Sometimes, only “layered” mountain views will be considered. The Mountain Home with Big ViewsĪnother common renter (that looks for vacation rentals in the Asheville area) wants a home on top of a mountain with jaw-dropping mountain views. When condo units in Asheville are available for use as a vacation rental, they also sell for more than an otherwise similar unit that does not have the option to be used as a vacation rental. These specific condos are in high demand and typically sell quickly when they come on the market. In some cases, these permits don’t apply to the entire building, but only to units on certain floors. There are some condominium buildings downtown that were issued short-term vacation rental (STVR) permits and “grandfathered in” as permitted vacation rentals. Some of these are in the Central Business District in Downtown Asheville. Downtown CondosĪs a general rule, short-term vacation rentals are not permitted within the Asheville city limits ( more on this in a moment), but there are exceptions. Homes near Downtown Black Mountain or Downtown Weaverville are great options for in-town vacation homes. Cottages and bungalows closer into town are also very desirable because they give guests easy access to shops, restaurants, and nightlife. In-town Cottagesīuyers considering buying a home in Asheville to use as an income-producing vacation rental shouldn’t limit themselves to just cabins. Many vacation renters run Google searches for things like “Asheville cabin rentals” or other similar terms. Maybe there’s even a mountain stream that runs through the property. Many vacation home buyers (and renters) envision the storybook log cabin home in an idyllic setting in the woods. Here are a few common types (but this not an exhaustive list). There are many types of vacation homes that do well as investment properties in the Asheville area. What Types of Vacation Homes are in Asheville?
The types of vacation homes available for sale in the Asheville area.But before jumping into your search for a vacation rental, there are several important things to consider. It’s safe to say we get more inquiries from buyers looking for vacation homes in Asheville, NC than we do buyers looking for multi-family investment properties. Asheville vacation homes have become a very popular type of investment property.
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