The biggest single-day shopping event of the year is rapidly approaching, and we're not talking about Black Friday or Cyber Monday. Rather, we're talking about Amazon (NASDAQ: AMZN) Prime Day, a day that's going to feature thousands of deals to the point where it may even be overwhelming.
If you're an Amazon Prime member, you may already be making a wish list and gearing up for those Lightning Deal announcements, which will drop throughout the Prime Day event. In fact, there are already some early Prime Day deal opportunities you can snag right now with your Prime membership.
But rather than simply load up on items for your personal wish list or purchases for the upcoming holiday season, it pays to think about the things you can stock up on to make your vacation home more appealing to renters. Here are a few Prime Day purchases that could help you attract guests and boost your bottom line in the long run.
1. Smart TVs
While renters don't necessarily book vacation homes so they can sit home during their travels and watch TV, having that technology is important. Many guests want nothing more than to unwind at the end of a day of sightseeing, and in the course of Amazon's Prime Day sale, you're apt to find many options for discounted TVs. In fact, Amazon Prime is already offering the Toshiba 55-inch 4K Fire TV on sale for $299.99 -- before Prime Day even begins. That said, an even better TV deal might drop during Prime Day itself, so keep your eyes peeled that day.
2. Coffee makers
There's nothing like a cup of gourmet coffee to win travelers over and get them to post positive reviews about your rental property. If your coffee maker has seen better days, Prime Day should offer a key opportunity to upgrade. Consider a device that brews cappuccino and espresso to really attract renters and entice guests to return.
3. Kitchen appliances
Some people go on vacation to take a break from regular life, cooking included. But families who travel and rent vacation properties often appreciate the opportunity to prepare meals at home, and so to this end, Amazon Prime Day could help you stock your kitchen on the cheap. You'll find dozens of kitchen gadgets on sale during Prime Day, from air fryers to pressure cookers.
4. Home security systems
If you own a rental property in a city or remote location, your guests may have some security concerns. And thanks to Amazon Prime Day, you can load up on security features, like exterior cameras, that make your property feel safer. In fact, you can already snag the Ring Video Doorbell Elite for just $199.99 for a certified refurbished model. Other deals are likely to drop on Prime Day itself, so it pays to see what's out there.
A well-furnished home is the key to attracting vacation property renters. If your rental is lacking in furniture, or has furniture that's seen its share of wear and tear, Prime Day could be your opportunity to replace it. Amazon will be discounting numerous furniture items, so you can upgrade your vacation home mattresses to give guests a more comfortable sleeping experience or buy that couch your sitting room has been missing.
Get in on the action
Amazon Prime Day kicks off at midnight pacific time on Tuesday, Oct. 13, and runs through Wednesday, Oct. 14. To capitalize on the big shopping event, be sure to sign up for Amazon Prime in advance. You can actually snag a 30-day trial for free if you're hesitant to commit to an Amazon Prime membership.
Also, keep in mind that other retailer sites may offer similar deal opportunities, so while you're busy searching Amazon, you may want to pause and scope out its competitors, like Target (NYSE: TGT) or Walmart (NYSE: WMT). And of course, those retailers may offer their share of early deals, too, so it wouldn't hurt to start looking sooner rather than later.
Either way, before you shop, set a budget for your purchases to ensure that you don't go overboard during this much-anticipated sales event. While loading up on items for your rental property on the cheap is a smart move, you don't want to take on too much debt in the process.