Why buy a yurt? Many of our customers would consider themselves yurt enthusiasts – drawn to their comfort, charm and aesthetics. People around the globe look forward to their yurt getaways. But another reason is that they can be excellent investments. Yurts are durable, affordable, and easily rentable. When used as vacation rentals, they can earn back their cost quickly. Let’s dig into the financial benefits of yurt ownership in more detail.
Yurt Investment: Why it Makes Financial Sense
Potential to Earn Income through the Sharing Economy
Yurts are easy to outfit as vacation rentals. You can advertise your yurt rental on sites such as Airbnb, which has listings for yurts across the globe. The site’s Superhosts (hosts with a 90% response rate, at least 10 trips, no cancellations, 80% five-star ratings) can earn annual rental income in the five or six figure range, according to Fast Company.
Yurts are perennially popular on rental sites. Airbnb declared 2014 “The Year of the Yurt” because so many renters were seeking out this unique circular form of accommodation. Yurts are comfortable enough for otherwise squeamish campers. And they can be placed in remote spaces, for a truly unique vacation experience. Investment in a yurt allows your family plenty of time to enjoy your new connection to nature. And when you’re not using it, you can bring in extra cash by hosting guests from all over the world.
If the glamping vacation rental approach is successful with one yurt, you can increase your income by adding more yurts to the same property. Aside from the modest price of the yurt itself, there can be very little additional construction cost, as yurts are typically built on raised wooden platforms.
Quick Return on Investment (ROI)
If you’re looking for a financially savvy home away from home, investment in a yurt is smart because it can bring a quick ROI. Guests have been willing to pay $60 or more for yurt accommodations on the weekdays, and up to $260 on weekends and holidays. Of course, the amount you can charge will depend on your location and amenities provided. Still, the same road to a return on your investment could be much longer with other structures, such as traditional cabins. Most people find they can erect yurts on their own, cutting costs. Even if you select to have a contractor add electricity, sewer access, and other interior features, your final cost will probably be far lower than with a traditional structure. That means it will take less time to earn back your investment in the form of vacation rentals.
Resell Your Yurt if Needed
There is a strong demand for yurts. Used yurts can be very difficult to find on second party sites such as Craigslist because they often sell quickly after being listed. If you decide to sell your property and take down your yurt, chances are you will be able to sell it for a sizeable portion of its original price.
For thousands of years, people have relied on yurts for reliable housing. Yet modern yurts are stronger than ever before, thanks to snow and wind upgrades, architectural fabrics, stainless steel hardware, and more. Your investment in a yurt will result in years—if not decades—of enjoyment for your family and guests.
Building a yurt on your property provides flexible living options. If your college-aged student boomerangs back home, a yurt can make a great landing pad. Yurts can also house aging parents as they provide single-story living. Finally, a yurt makes a cozy space for out of town guests.
A great investment is one that brings you both income and joy. Yurts live up to this lofty goal by providing a cozy retreat for your family as well as a potential method of earning extra money through vacation rentals. Plus, A Pacific Yurt is built tough, so it will retain its value well over time in case you decide to sell it.
Download our checklist, “Benefits of a Yurt Investment“