{"id":21795,"date":"2023-03-01T13:42:53","date_gmt":"2023-03-01T13:42:53","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=21795"},"modified":"2023-03-01T13:42:54","modified_gmt":"2023-03-01T13:42:54","slug":"bbs-a-growing-option-for-home-buyers","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/bbs-a-growing-option-for-home-buyers\/","title":{"rendered":"B&Bs: A Growing Option for Home Buyers"},"content":{"rendered":"\n

Small inns and bed and breakfasts saw business rapidly decline during the pandemic. But operators are recasting their inns and offering them to home buyers in a new light\u2014as a new home.<\/p>\n\n\n\n

The Wall Street Journal<\/em> reports that home buyers are purchasing spacious B&Bs and renovating them into single-family homes. A shortage of homes for sale and a desire for larger homes is fueling demand.<\/p>\n\n\n\n

Rick and Suzanne Weichert purchased the 4,800-square-foot Jabberwock Inn in Monterey, Calif., for $2.38 million in 2014. In 2020, they closed for four-and-a-half months during the start of the pandemic. They recently listed the home for $4.95 million as a single-family home, believing a buyer from the Bay area may gravitate to the half-acre property\u2014one of the largest in the area\u2014to work remotely.<\/p>\n\n\n\n

\u201cIt was an insanely difficult year,\u201d Suzanne Weichert told The Wall Street Journal<\/em> about their decision to sell.<\/p>\n\n\n\n

B&B revenue dropped 43.7% to about $1.3 billion in 2020, compared to 2019, according to the research company IBISWorld. The number of B&Bs also fell, dropping about 1,400 to a total of 7,340.<\/p>\n\n\n\n

Dave Elliott, who co-owned two properties called the Taylor House B&B in Jamaica Plain in the Boston area, told The Wall Street Journal<\/em> that running a B&B has never been profitable, even before\u00a0the pandemic. The inn has 11 guest suites in two adjacent properties. The properties are \u201cworth more money on the open market as a residence\u201d since it has both a pool and dock access, Paul Leys of Gustave White Sotheby\u2019s International Realty told The Journal<\/em>. The inn closed after 24 years\u00a0and was\u00a0listed on the market this summer for $3.35 million.<\/p>\n\n\n

\n
\"\"<\/a>
Image by Michelle Raponi<\/a> from Pixabay<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n

\u00a9National Association of REALTORS\u00ae
Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"

Small inns and bed and breakfasts saw business rapidly decline during the pandemic. But operators are recasting their inns and offering them to home buyers in a new light\u2014as a new home. The Wall Street Journal reports that home buyers are purchasing spacious B&Bs and renovating them into single-family homes. A shortage of homes for … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-21795","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nB&Bs: A Growing Option for Home Buyers - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/bbs-a-growing-option-for-home-buyers\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bbs-a-growing-option-for-home-buyers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bbs-a-growing-option-for-home-buyers\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"B&Bs: A Growing Option for Home Buyers\",\"datePublished\":\"2023-03-01T13:42:53+00:00\",\"dateModified\":\"2023-03-01T13:42:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bbs-a-growing-option-for-home-buyers\\\/\"},\"wordCount\":298,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bbs-a-growing-option-for-home-buyers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/victorian-house-g8d1bbdcb2_640.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bbs-a-growing-option-for-home-buyers\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/bbs-a-growing-option-for-home-buyers\\\/\",\"name\":\"B&Bs: A Growing Option for Home Buyers - 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