STR vacation home in Catskill area

[Abhijit Ghosh]

Hi All,

I am looking for my first STR vacation home in Catskills area. My budget is around 150k -200k. Following are some of the questions I have:

1)Is it worth buying a home or buying a lot and having a log cabin built?

2) What is the airbnb occupancy rate in Catskills area?

3)How much does it cost to make a 2 bed or 3 bed and 2 bath log cabin around 1500 sq ft?

4)any good property management companies?

Any responses would be appreciated.

[John Underwood]

You need to look at what is currently available for sale. Then see what local builders are charging per square foot to build the type of cabin you want. Then account for furnishings if builder is not doing turnkey.

Then you will know the answer to #1 

#2 Look on Vrbo and Airbnb and find similar properties to see what their occupancy is.

#3 See above

#4 Yes, You are the best PM for the best price and it is easy to self manage.