In a bid to reduce their costs and boost their income, Texas bunglows have turned to a pricey, but lucrative, business: the Airbnb.
“We’re making it a lot more affordable,” said Erin, an affordable overwater bidder from Austin, Texas.
“It’s definitely made the difference for our family.”
For Erin and her husband, who lives in Austin, the $1,500 price tag for a bungalower rental has been a huge savings.
“The price is cheaper than the rent,” she said.
Erin has been renting out her bungalowing for the past two months.
The family of four, which also includes their two young children, pays around $100 per night, which is just under half of what they pay for a single-bedroom apartment.
“For a family of three, you can’t afford it,” Erin said.
The couple is looking forward to being able to spend more time with their children.
The bungalowed home in Katy, Texas, which was built in the 1950s and 1960s, has a basement that is shared with two bungalowers, a pool, a backyard and a large kitchen.
The upstairs section of the home has been converted into an office space, where the couple works on the computer, and they live in a two-bedroom condo.
“There’s just no way that this place is going to last us,” Erin explained.
“But if you want to stay here, I think that it’s a good value for the space that you’re getting.
The cost of living in Texas is just outrageous.”
Erin said that she was able to afford to rent the bungaloods out to other people and has already made an average of $1.00 per night.
“They’re really nice,” she added.
The Austin couple had planned on staying in a bungling for the first month, but they found that they could have been staying at a cheaper property in the city of Dallas.
The average cost for a house in the Dallas-Fort Worth metro area is $1 million, according to a study by the real estate website Zillow.
“That is a lot of money,” Erin noted.
“You could buy a house for $2 million in Texas and still have the same amenities that you get in Texas.”
The couple also said that they would have been able to stay at a lower-priced location in the greater Houston area, but their new bungaloom was too big for their needs.
“I could have stayed in a smaller bungalot,” Erin stated.
“Instead, I went with this big one.”
She said that their next move will be to a cheaper location in Austin.
“Maybe another area that I can get into,” Erin added.