Buying a home near Sunday River that can also serve as a rental is an appealing way to balance lifestyle and financial goals. Whether you plan to offer short weekend stays, full-season leases, or long-term housing, understanding the differences among rental types can help you make confident, informed decisions.
Define Your Goals First
Before you start running the numbers or comparing rental models, take a step back and think about how you intend to use the property.
Ask Yourself:
Do you want this to be primarily your getaway that occasionally generates income?
Or is your priority to maximize rental revenue, with personal use fitting in around bookings?
The answer will shape nearly every decision—from how often you make the home available to which type of rental best suits your plans.
Homeowners who value flexibility often prefer short-term rentals, which allow for personal use between guests.
Those focused on steady income may favor seasonal or long-term leases, which reduce turnover and keep occupancy predictable.
Being clear on your goals from the outset helps you set realistic expectations and ensures your property serves both your lifestyle and financial interests.
Understand the Market
Winter is the busiest rental season in the Sunday River area. Properties close to the mountain—or within easy reach of the resort—see the strongest demand, especially those with modern amenities like gear storage, fireplaces, and reliable heating systems.
Short-term rentals (typically less than a month) attract vacationers and weekend guests. They often yield the highest nightly rates but require more involvement, including cleaning coordination, guest communication, and marketing.
Seasonal rentals are leased for the duration of ski season, usually November through April. They provide steady income and minimal turnover, making them a popular option for owners who want predictable occupancy.
Long-term rentals (six months or more) appeal to year-round residents or professionals working in the area. They bring consistent income and lower management needs but reduce flexibility for personal use.
At Sunday River Real Estate, we regularly list seasonal rentals throughout the resort area. For homeowners, this option offers a balanced approach—steady income for the ski season without the frequent turnovers of short-term stays. Our team can help you understand what similar properties are renting for and what makes them most appealing to guests.
Do the Math First
Before buying, take a comprehensive look at potential income and expenses.
Include:
Mortgage, property taxes, and insurance
Utilities, heating fuel, and snow removal
Maintenance, cleaning, and management costs
Many owners aim for a 6–8% annual return after expenses. Ask your agent for recent rental performance trends in your neighborhood to gauge realistic expectations.
Due Diligence Matters
While most towns in the Sunday River region don’t currently have formal rental ordinances, it’s still important to understand neighborhood expectations and association rules.
If your property is part of a condo or homeowners association, confirm any requirements around rentals, parking, or guest access. Clear communication with neighbors and proactive property care help keep the local rental market positive for everyone.
Decide How You’ll Manage It
Your management style should align with the type of rental you choose.
Short-term rentals: Expect more frequent coordination—guest inquiries, bookings, and turnovers. Some owners manage directly, while others hire local services for cleaning and guest support.
Seasonal rentals: Typically one lease and one tenant for the season, making these simpler to oversee.
Long-term rentals: Can be handled independently or through traditional property managers, often for 8–12% of monthly rent.
Consider your availability and proximity when deciding how involved you want to be.
Maximize Guest and Tenant Appeal
A well-cared-for property consistently attracts quality renters. Focus on upgrades and amenities that enhance comfort and function:
Dependable heating, insulation, and WiFi
Mudrooms and secure gear storage
Durable flooring and practical finishes
Clean, uncluttered spaces and professional photography for listings
Highlight what makes your home stand out—whether that’s slope proximity, privacy, or scenic views.
Think Long-Term
Your Sunday River property can serve multiple purposes over time—a personal getaway, seasonal rental, or future residence. Keeping up with maintenance, budgeting for improvements, and choosing the right rental model ensures it remains both enjoyable and financially sound for years to come.
