August 25, 2010, 11:47 pm
I'm toying with the idea of converting my old house in New Zealand into a backpackers' hostel. The location is perfect, but is it worth it? Tourist season is about three months a year, the average backpacker expects a price tag of NZ$40 a night (about US$20), and I suppose the house would sleep about 12 to 16 people in relative dignity.
Monthly running costs of the house are about NZ$ 1600, or US$ 800 as it is.
Would that work, or ist gonna be a nightmare?