As an owner, picture the perfect cabin getaway: roaring fires, lakefront views, rustic charm. It’s an escape to a less cookie-cutter world, offering something condos or houses don’t: an experiential feel.
Suffice it to say, this level of character makes a cabin a good investment, one that’s uniquely lucrative for vacation rental. And there’s never been a better time to buy.
Not only have Evolve cabin rentals seen a 37% increase in booking value since mid-2021, but many of the best places to buy a vacation rental right now happen to be cabin-centric locales.
In This Article:
Questions to Ask When Buying a Cabin
Types of Cabins to Buy
When to Buy a Cabin
Where to Buy a Cabin
How to Buy a Cabin
Questions to Ask When Buying a Cabin
While cabins have incredible income potential, these are the things to know before jumping into an investment.
1. Will my income offset costs?
Highly sought-after vacation destinations can offer impressive returns on investment, but you first need to consider whether the costs tied to your annual revenue are worth it. Our real estate experts say it’s best to look for markets with lower list prices, ample inventory, and worthwhile cap rates. Then, use our vacation rental income calculator to properly estimate profit margins with all expenses factored in.
2. When will demand peak in this area?
Great news: the vast majority of cabin rental markets have dual-seasonality. If you’re purchasing in the Poconos or Blue Ridge Mountains, for instance, you’ll see both summer and winter travel demand — with interest running into the shoulder seasons, too. (Fall foliage can bring in a lot of leaf-peeping travelers.)
The exception is a few select ski towns with little summer presence (though it’s worth noting that most of the best places to buy a ski property do carry multi-season value). Cabins in winter-heavy markets can still be a good investment, so long as you prepare for your vacation rental to have lower occupancy once the slopes close.
To help you zero in on the busiest time(s) of year for a variety of cabin-friendly areas, browse our Vacation Rental Market Analysis reports. Then connect with our team to get a more tailored look at your investment options.
3. What upfront costs will this property require?
Cabins have a lot of old-world character, but with that comes the risk of extra maintenance before your new home is rentable. Our team encourages thorough inspections before investing in a cabin to make sure the wood, insulation, bug infestations (inevitable in woodsier areas), and other elements of the cabin can be properly assessed.
4. How accessible is this cabin?
While the idea of owning a remote cabin might sound like a vacationer’s dream, guests won’t book the home if the roads are impossible to navigate. Same goes for a mountain home if a heavy snow falls but plows can’t make it to your property. Our experts say it’s key for the home you choose to be easily accessible by both guests and vetted service partners at a moment’s notice.
Types of Cabins to Buy
The first consideration when choosing a cabin type is the market you’re most interested in. A-frame cabins, for instance, are more common in northern areas like the Poconos, Catskills, and New England mountains, whereas more classic log cabins are found farther south in the Smoky and Blue Ridge Mountain ranges.
The second factor is price point. If you can afford a large family-style cabin, our experts say that’s the type of cabin to buy every time. Doing so opens up the opportunity for traveling groups, and you’re likely to see greater returns from including the upscale amenities these larger luxury homes tend to offer. (That said, even one-room log cabins have the potential to make impressive annual revenue if you furnish and market the home to elevate its rustic charm.)
Here’s a quick look at the appeal of some popular types of cabins to buy, and how they might affect your bottom line.
1. Log Cabins
Quaint and rustic, classic log cabins typically attract outdoorsy travelers. They also tend to be more energy-efficient, since the thick log exterior traps heat and keeps the home toastier after nightfall. Log cabins are generally more rare, too, so scoring one as a vacation rental owner can translate to extra earning potential.
2. A-Frame Cabins
The stunning architectural impact and massive windows that let in loads of natural light are the biggest draws for travelers booking A-frame cabins. The downside: that distinct, sloping roof often means there’s a lack of conventional storage space. You’ll need to be creative in how you keep your cabin stocked, making sure all essential vacation rental supplies are easily accessible without cluttering the clean lines of each room.
3. Family Cabins
With sprawling floor plans, family-sized cabins give groups the ability to enjoy each other’s company with enough room to spread out. Most are equipped with luxe, family-friendly amenities (think: hot tubs, fire pits, entertainment systems, and easy-to-enjoy outdoor spaces), meaning you can typically charge more per night. Just remember the upkeep for a larger cabin can also increase your expenses.
4. One-Room Remote Cabins
Perfect for traveling couples or solo getaways, one-room cabins foster a simple, unfussy experience. These cabins can also be a good investment because they tend to have significantly lower maintenance costs, as a lack of luxury amenities can all be considered part of that getting-off-the-grid ambiance.
When to Buy a Cabin
The best time to buy depends on the market. In ski towns, it’s good to have your vacation rental up and running (and winterized) before peak season. For summer-heavy markets, capturing that warm-weather travel increase with spring readiness is key. Of course, for cabins with dual-seasonality, there are multiple opportunities to capitalize on rising booking trends.
That said, current vacation rental owners planning to sell know when those peak seasons happen, too — meaning most won’t put their homes on the market in the lead up to busy months.
That’s why our team recommends looking for cabins to buy in the off months, just after a market’s high season dies down. This is when you’ll find the most inventory available, along with lower list prices.
Plus, properly furnishing and marketing a vacation rental can take a few months, so an off-season purchase gives you more runway to perfectly prepare for the five-star guest experiences that maximize income.
Where to Buy a Cabin
Another key consideration that will determine if a cabin is a good investment: location, location, location!
If a mountain home sparks your interest, the Smoky Mountains are an established favorite among cabin-seekers, with stunning scenery and multi-season appeal. Be sure to consider towns like Gatlinburg, TN and Bryson City, NC when exploring your options in the region.
For more of a hidden-gem investment, look to emerging markets. Fairbanks, AK is an up-and-coming vacation spot known for long days and starry nights, and Hocking Hills, OH is gaining ground as an outdoor adventurer’s paradise.
Lake cabins see a ton of success in destinations like Lake George, NY or Brainerd Lakes, MN. Try Pequot Lakes, Nisswa, Brainerd Lake, or Crosslake if the latter catches your eye.
Regardless of the specific market you land on, our experts recommend you keep these other essentials in mind when shopping for your ideal cabin investment.
1. Breathtaking Views
Unsurprisingly, the best-performing cabin rentals offer memorable nature views, whether it’s a lake, a landscape of trees, or stunning mountain scenery. A cabin with a vista is always a good investment, because a wow-worthy view never goes out of style.
2. Easy Access to the Local Area
This means proximity to ski slopes or snowshoe trails for mountain cabins, or swimming and boat rentals for lakefront rentals. While you can set higher rates with a waterfront or slopeside property, you’ll likely see lower list prices a couple miles from seasonal attractions. Our team can help you weigh revenue against expenses to choose a home with great earning potential and a faster recoup of your investment.
3. Desirable Amenities
If the market you’re eyeing has winter interest, travelers often look for homes with fireplaces and expert snow removal. If there’s summer demand, they want great outdoor space, a grill, and even an outdoor shower. Guests also favor different amenities when booking a lakefront cabin versus a mountain cabin, so make enhancements that embrace your home’s unique perks (like a private dock and kayaks, or a place to drop wet ski gear). And, of course, key amenities like easy parking and WiFi are valuable for any cabin.
How to Buy a Cabin
When it’s officially time to search cabins for sale, finding the perfect one can be a minefield to navigate on your own. Our real estate experts take the guesswork and heavy lifting out of the equation by helping you:
- Define your personal and financial goals
- Understand the nuances and earning potential of any market
- Connect with preferred real estate agents in the area for expert local assistance
- Manage your new property to maximize income and stay ahead of the competition
Of course, if you want proof of performance upfront, our listings for sale page features vetted homes that already have a proven track record of vacation rental success.
Frankly, there’s never been a better time to invest in a cabin. We’ve helped tens of thousands of owners maximize their earning potential — and we’d love to help you.
