It was the simplest of questions that changed my direction. In early fall, my daughter asked, “Mom, could we all take a family vacation next year?” She had visited her grandparents in California for a week, and later, my husband was able to fly out to see his parents over a long four-day weekend. Me? Heck, I was stuck at home.
Her question bounced around in my head for a while as I reviewed our financial goals…
- Stabilize Cottage East – get it off of codes violations by installing siding, windows and fixing brickwork
- Finish renovating Cottage West and make it into two separate units – a studio in the basement, and a 2 bed, 1 bath bungalow on the main level
- Finish renovating Cottage East with the same setup as Cottage East – two separate units.
- Renovate the Airstream – use it to travel in on family vacations and Airbnb it when it was not on the road
I looked at our income flow, our savings, and the calendar I had it all plotted out on. It was going to be 4-5 years before the Airstream would have any work done to it. And my daughter, now age twelve, she would be sixteen or seventeen by the time we got the RV on the road.
My dreams of us exploring the United States in our Airstream were going to be happening way too late. Kids grow up too fast!
As with most things, my plans change with questions like, “What if…?”
I asked myself, “What if I broke this RV project into three phases?”
- Phase One: Make it Airbnb worthy
- Phase Two: Make it roadworthy using the income from having it available on Airbnb
- Phase Three: Bling it out like a mofo, make even more money on it, and explore the U.S.!
And after a few calculations I realized not only was it doable, but I had the funds NOW, funds that will be well invested in something that can also bring me income as soon as January or February.
- Phase One: Make it Airbnb worthy and begin offering it on Airbnb. From what I can tell, we can earn around $75 per night on it. That price is lower than ANY of the Airstreams currently listed on Airbnb.
- Phase Two: Make it roadworthy – it needs new tires, and we need someone with know-how to examine the RV’s support structure underneath. We also need to make alterations to my van in order to tow it safely.
- Phase Three: Solar panels, smart tv, buffing the skin to a high shine, a covered deck outside the RV, and a large pond and waterfall near the firepit for ambiance. In place or on the go, it will look fantastic.
We started by pulling out the blah kitchen faucet, in order to replace it with this…
My husband removed all of the copper pipe, and it was a good thing too. In one spot, someone had drilled a screw right through one piece of pipe, and there were several tape-wrapped breaks in the line. We will replace it all with PEX.
We have a propane tankless water heater to buy and install. As well as a water pump in case we want to take it on the road and store water in a tank underneath the Airstream.
This little 3-in-1 breakfast station is sitting there waiting to be used…
And this arrived last week. I couldn’t wait to plug it in!
I’m going to take the 50s era theme and run with it. I found some fabulous fabric for the curtains as well as seat cushions or pillow covers. The project is challenging in areas, but it has the potential to be an excellent source of income and a great way for us to do some traveling through the United States. I’m so excited!