Since we launched this past summer many people have inquired about renting at Hudson Woods but since we aren’t currently renting out the model house, we wanted to provide some insights about the rental market in our area both for homeowners and those looking for short term getaways.
There has long been a concise but consistent pocket of repeat seasonal and weekend renting in our neck of the Hudson Valley. Now the market is evolving rapidly. As “short term rental” facilitators (think Home Away, AirBnB, Red Cottage, and most recently, onefinestay) become more predominant it’s easier for full-time homeowners and second homeowners to list their properties for weekend, monthly and even seasonal rentals.
“Renters have a strong need to get away from city stimulation and seek only the sounds of crickets and peepers and the light of the moon and fireflies,” says Helen Coyle Bergstein, owner of Nest Realty.
A pool is quite important for the full summer season, and her clients love swimming holes like Vernooy Kill Falls or Awosting Lake. The early weeks of Fall are very busy, as are Thanksgiving and December holidays. In the winter, the proximity to Belleayre, Windham and Hunter ski areas are the draw, and renters look for a home with a wood burning stove and (throw back!) a hot tub.
She estimates a typical summer rental with a pool in the area is in the $25,000 range. In other seasons, rates are in the $450 per night for 6 people. “Seasonal renters are usually more than one family. It’s likely that they’ll want it every year.”
Just in the last two years, the Hudson Valley has seen a boom of short term rentals because “the internet is ramping up,” says realtor Eric Bean, “and I’ve seen a couple higher end rentals start to pop up.” Often while showing potential buyers high end properties, “we do have a (rental) conversation, and over 90% of the time it’s ‘is the place AirBnB-able and what is the rate?’”
He notes that his clients whose taste in decor and furnishing is a “little more sophisticated,” have great success with New York renters. “It has to do with how it looks. For a New York buyer, the country cabin is ‘cute’, but when they see something glossy, they tend to gravitate towards that.” Eric is optimistic about the burgeoning market and how it will encourage more high-end properties to open up their doors to visitors.
Perhaps there’s no greater proof of the area’s appeal than onefinestay’s recent beta launch of their vacation home “portfolio” in the Hudson Valley. The London based hospitality service looks for properties with space, character and comfort and whose owners have interesting personalities. John Carter, Market Manager for the Hudson Valley at onefinestay, says: “Over the past 5 years the Hudson Valley has experienced a renaissance as one of the truly cool and authentic places to be in the New York area. Many of our hosts come from the creative world – artists, designers, architects – and their Hudson Valley homes serve as mediums for creative expression, making each home in our portfolio unique and full of character.” onefinestay take care of marketing and insurance, cleaning and preparing their hosts’ homes, and welcoming guests. Guests enjoy pristine sheets, towels and toiletries a curated selection of the owners’ local recommendations. And the onefinestay team are on hand 24/7 by phone. Below we have singled out some of our favorite homes listed with onefinestay….