Short-Term vs Long-Term Vacation Rental: Which is Better to Choose in Beirut in 2024

Mar 7, 2024

Short-Term vs Long-Term Vacation Rental: Which is Better to Choose in Beirut in 2024

The debate between short-term and long-term vacation rentals is a hot topic among property owners in Beirut. While short-term rentals were once limited to hotels, platforms like Airbnb have expanded the market, allowing property owners to rent out their spaces for shorter periods. But what exactly are the differences between these two options, and which is more convenient for property owners in Beirut?

Short-Term Vacation Rentals in Beirut

Short-term rentals typically last for a few days or weeks, although they can be as short as a single night. These rentals can be arranged directly with the property owner or through online platforms. However, short-term rentals have raised concerns in Beirut, particularly in areas with high levels of tourism.

One of the main issues with short-term rentals in Beirut is that they can lead to a decrease in available long-term rental housing. Property owners may find it more profitable to rent their properties to tourists on a short-term basis, which can drive up rental prices and limit housing options for locals. Additionally, short-term rentals can sometimes cause disruptions in residential neighborhoods, as tourists may behave differently than long-term residents, leading to noise and increased traffic.

Short-term rentals can also pose challenges for the local hotel industry in Beirut, as they often offer lower prices and more flexible accommodation options. This can result in unfair competition and job losses in the hospitality sector. Moreover, regulating short-term rentals can be difficult for the city, leading to issues with safety regulations, zoning restrictions, and taxes. This lack of regulation can create a lack of accountability and potential safety risks for guests.

To address these issues, the city of Beirut has implemented regulations to level the playing field between short-term rentals and hotels. These regulations may include requiring permits, designating specific areas for short-term rentals, imposing local taxes, collaborating with rental platforms, and enforcing penalties for violations. The goal is to balance the benefits of tourism with the availability and affordability of long-term housing for residents.

Long-Term Vacation Rentals in Beirut

Long-term rentals typically last for six months or more, with some agreements extending to one year or multiple years. These rentals are usually arranged directly between the tenant and the landlord, and they offer stability and consistency for both parties. Long-term rentals can include residential properties, commercial spaces, vehicles, and equipment.

One advantage of long-term rentals in Beirut is the stability they provide. Landlords can carefully select tenants and expect consistent rental income. Managing long-term rentals is also simpler, as landlords only need to handle rent payments and basic upkeep. Additionally, long-term rentals offer the opportunity to benefit from local pricing changes, and landlords have fewer legal responsibilities compared to short-term rentals.

However, long-term rentals in Beirut do have their disadvantages. Landlords may face challenges if a tenant becomes problematic or if they need to evict them. Long-term rentals also generate lower rental income compared to short-term rentals. Additionally, landlords have a greater responsibility to provide a suitable living environment for long-term tenants.

Which is Better to Choose in Beirut in 2024?

When deciding between short-term and long-term vacation rentals in Beirut in 2024, property owners should consider their location, property quality, pricing strategy, and management capabilities. Short-term rentals offer a wide selection of properties, free listings, flexibility in pricing, and potential for high income. However, they require more administrative and maintenance costs.

Long-term rentals provide stability, simplicity in management, and the opportunity for long-term relationships with tenants. However, they have lower rental income and fewer opportunities for pricing adjustments.

Ultimately, the choice between short-term and long-term vacation rentals in Beirut depends on individual circumstances and goals. Property owners should carefully evaluate their options and consider seeking professional advice to make an informed decision.

Pet-Friendly Home Design: A Comprehensive Guide to The Harmony of Pets, Furniture, and Flooring

Pet-Friendly Home Design: A Comprehensive Guide to The Harmony of Pets, Furniture, and Flooring Pets are an integral part of many households, providing love, companionship, and endless entertainment. However, they can sometimes wreak havoc on our furniture and floors. It's a common sight to see a beautifully designed home with a shredded couch or scratch marks on the wood floor. As a new homeowner, this can be especially frustrating as you strive to create a stylish and well-maintained space. But fear not! With a little planning and consideration, it is possible to have a pet-friendly home that is both stylish and functional. When it comes to furnishing your home with pets in mind, there are several key factors to consider. First and foremost, you'll want to choose materials that are resistant to damage caused by pets. This includes opting for furniture with metal framing instead of wooden legs, which can be chewed on by young puppies or dogs with a penchant for destruction. Additionally, selecting fabrics that are durable and easy to clean is crucial. Denim, canvas, leather, faux leather, and synthetic fabrics are excellent choices as they can be wiped clean and are less likely to be scratched or ruined by your pet's claws. Another important consideration is the color of your furniture. While it may be tempting to choose dark upholstery fabrics and rugs to hide stains and pet hair, they can actually highlight them. Instead, try to match your color scheme with your pet's fur to make any messes less noticeable. Patterned fabrics can also be a great option as they can help disguise any pet evidence. In addition to choosing the right furniture, it's important to think about the flooring in your pet-friendly home. Wood floors may be popular, but they are not scratch-proof. Consider harder types of wood, such as oak or maple, or explore manufactured hardwood that is more resistant to scratches. Stone tiles and concrete are also scratch and water-resistant options, though they may be colder underfoot. If you prefer carpet, be prepared to clean up stains quickly and invest in regular deep cleanings to keep it looking fresh. Of course, grooming your pet regularly is another essential aspect of maintaining a pet-friendly home. Frequent bathing and brushing can help minimize shedding and keep pet hair from clinging to your furniture and floors. Additionally, keeping your pet's nails trimmed or filed can make it harder for them to scratch your surfaces. Having the right cleaning tools on hand is also crucial for keeping your pet-friendly home looking its best. A lint brush is a must-have for gathering up fur balls, and a handheld vacuum cleaner can make quick work of any messes. Regular vacuuming and dusting can prevent pet hair from turning into dust bunnies and keep your space looking clean and fresh. In addition to these practical tips, there are also some design strategies you can employ to create a stylish and pet-friendly home. One option is to incorporate furniture and accessories that are specifically designed for pets. For example, there are pet-friendly sofas and chairs that have built-in pet beds or covers to protect against pet hair and stains. These pieces can be both functional and stylish, seamlessly blending into your home's decor. Another design strategy is to create designated pet spaces within your home. This can help contain messes and give your pets their own comfortable areas. For example, you can set up a cozy corner with a pet bed, toys, and a scratching post. By providing your pets with their own designated spaces, you can help prevent them from taking over your furniture and floors. When it comes to choosing accessories for your pet-friendly home, consider options that are both stylish and practical. For example, opt for decorative storage bins to keep pet toys and supplies organized. Look for stylish pet food and water bowls that can be easily cleaned and blend in with your home's decor. By choosing accessories that are both functional and aesthetically pleasing, you can create a cohesive and stylish look in your pet-friendly home. Finally, it's important to remember that accidents happen. No matter how well-trained your pet is, there may still be the occasional accident or spill. The key is to be prepared and act quickly. Keep stain removers and cleaning supplies on hand so that you can address messes promptly. Blot stains rather than rubbing them, as rubbing can spread the stain and damage the fabric. If you're unsure about how to clean a particular stain or fabric, consult the manufacturer's recommendations or seek professional help. In conclusion, it is possible to have a pet-friendly home that is both stylish and functional. By considering your pet's needs when selecting furniture and flooring materials, and prioritizing durability, ease of cleaning, and aesthetic appeal, you can create a space that is both comfortable for your pets and pleasing to the eye. With a little planning and maintenance, you can keep both your pet and your furniture happy in your new home.

Lebanese Real Estate Market 2023, current Status preview

Lebanese Real Estate Market 2023, current Status preview As Lebanon enters the year 2023, its real estate market continues to be a complex landscape shaped by a combination of historical, political, and economic factors. Lebanon, a small but historically rich Mediterranean country, has long been a melting pot of cultures, a hub for commerce, and a touristic destination. Its diverse landscapes, vibrant cities, and historical sites have made it an attractive journey for both local and international real estate investors. However, the Lebanese real estate market is a complex and ever-evolving domain that has faced its fair share of challenges. Lebanon offers a diverse range of real estate properties, from historical homes to modern high-rise apartments along the coast. Investors can choose from residential, commercial, and vacation properties. As well as attracting foreign realtors. Property prices are often affected by economic and political events, making it essential in the market. While the persistent devaluation of the Lebanese Pound against the US Dollars has created a huge gap, many real estate investors are facing issues of affordability with their clients. And when we think that international investors could be helpful, they are faced with political instability and economic crises which would make them hesitant in investing their money in Lebanon. Covid era has affected properties and their owners, so many investors have shifted their focus towards the rental market over buying properties. In response, there has been an increased demand for affordable housing, developers are exploring ways to create more cost-effective options. Property owners of traditional houses ventured into renovating and restoration projects that turned out appealing to those who seek characteristic homes – adding sustainable and modern facilities to attract environmental buyers and investors. The challenges that this market is facing are constrained. And the most significant challenge is the political instability, investors and homebuyers are aware of the sudden change and unrest of policies, many are cautious, preferring to wait for stability before making significant investments. Additionally, we need not to forget about the Lebanese diaspora, their population played a vital role in real estate, though everything is at halt with them with the recent changes especially since 2019. While the economic crisis marked high inflation and unemployment has impacted purchasing specially with the dual currency exchange, the quoted prices added complexity to the transactions and trades. Also, the banking sector set a huge challenge for taking loans to secure desired properties. Moreover, the bureaucratic processes involved in real estate can be time consuming and somehow confusing to both local and foreign investors. For instance, there’s no license program to become a realtor, one has to make connections and gain trust from property owners and homebuyers, this may cause disorder and time to establish a proper reputation. Despite the political instability and economic turmoil, the Lebanese real estate market continues to offer potential for investors and homebuyers. Keeping an eye over property prices and staying informed about currency fluctuation, as well as being aware of the legal requirements for anyone considering an investment. The country strives for stability and financial recovery and there is hope to revive the real estate sector. The introduction of the Fresh Dollars method has facilitated the transaction process and it has played a positive role in developing the market and helping it to recover, slowly but surely balanced. The course of action requires effort to face the political issues and create a favorable environment. And for those who are willing to take up the challenges, Lebanon’s real estate market still holds big promises, especially that it’s a beacon of opportunities. Focusing on the assets that this country holds like rich history, natural landscapes and cultural diversity will always be attractive destinations for investors.

Revamping your Bedroom on a Budget

Revamping your Bedroom on a Budget19 Budget-Friendly Bedroom Ideas to Elevate Your Space While a luxurious bedroom may seem like a dream, clever and affordable ways exist to create a stylish and inviting space. Here are 20 budget-friendly ideas to transform your bedroom: 1 - Embrace Architectural Elements: If your bedroom has built-in shelves or decorative molding, use them to your advantage. These features can add character and charm to your space without spending extra money. 2- Experiment with DIY Projects: DIY projects can be a great way to add personality to your bedroom on a budget. Try creating a fabric scrap banner, building a simple bookshelf, or installing floating shelves. 3- Display Your Books: Instead of hiding your books away, display them on shelves or a floating shelf. This adds visual interest and creates a cozy, lived-in feel. 4- Add Sconces: Sconces on either side of your bed can instantly elevate the look of your bedroom. They provide warm, ambient lighting and create a more inviting atmosphere. 5 - Install Decorative Shelves: Displaying art and knick-knacks on decorative shelves is a great way to add personality and style to your bedroom. 6- Paint a Faux Headboard: If you can't afford a headboard, paint a faux one directly onto the wall. This DIY project can create a stunning focal point and add a touch of elegance to your bedroom. 7- Swap Out Light Fixtures: Replace the standard light fixture with a more stylish option, such as a sputnik light, vintage chandelier, or boho pendant light. 8 - Upgrade Your Hardware: Switch out the knobs and pulls on your nightstands, dresser, and other furniture with more visually appealing options. This small change can add a touch of luxury to your bedroom. 9 - Plump Up Your Pillows: Overstuffed throw pillows and thick, lofty sleeping pillows can create a luxurious hotel-like feel in your bedroom. 10- Bring in a Tray: A tray on your vanity or nightstand can add a touch of sophistication and organization. Fill it with perfume bottles, jewelry, or a candle and water glass combo. 11- Make a Statement with a Blanket: If you can't afford new bedding, focus on a chunky knit throw blanket. This can draw attention away from a tired duvet or comforter. 12- Add Texture: Incorporate textural elements such as a faux fur throw, sheepskin rug, rattan baskets, or a woven light fixture to create a warm and inviting atmosphere. 13- Style Your Nightstand: Keep your nightstand clutter-free and style it with a cute lamp, fake plant, and a small piece of art or mirror. 14- Upgrade Your Mirror: Replace a plain mirror with an antique-inspired brass mirror or a curvy model with a shelf. 15- Fake Architectural Features: Use washi tape or paint to create faux wall paneling or a half wall that resembles wainscoting. 16- Update Lighting: Replace the standard light fixture with a more stylish option, such as a drum-shaped pendant, sputnik lamp, or small chandelier. 17- Raise the Curtains: Raise your curtain rod a few inches below the ceiling line to make your room feel larger and more elegant. 18- Showcase Special Pieces: Display decorative collections or special pieces, such as a guitar, on the wall to add a personal touch and create a bespoke look. 19- Hang a Wall Hanging: If you can't afford a fancy headboard, hang a tapestry or vintage textile above your bed to create a focal point and add visual interest. Creating a modern and stylish bedroom doesn't have to break the bank. With a little creativity and these budget-friendly ideas, you can transform your sleeping space into a chic and inviting retreat. Remember, a high-end look doesn't always require a high budget. Embrace DIY projects, thrift store finds, and clever styling tricks to achieve a modern decorative bedroom that reflects your personal style and doesn't compromise on comfort or coziness.