I stayed in this home with my wife and three children (13, 13, 16). We strongly recommend this home to anyone who is visiting Reykjavík.
This property had three attributes that I look for in a great VRBO: the property itself was warm, open, clean, and matched its description and pictures perfectly. If anything, the hosts have made the home even better than its images suggest (for example, where there is only a single chair in the living room according to the image, there is now a love-seat). Second, the area around the home is stunning and the location is very convenient to stores (including two grocery stores and few eat-in/take-out restaurants) and to major roadways that take you where you want to go. In our case, we went both into the city of Reykjavík as well as to some national parks in the opposite direction. Finally, the hosts were very helpful and responsive. We visited Iceland shortly after a major volcanic eruption and some of the attractions we wanted to see were closed. The hosts helped us find some other options and assured us that their home was unaffected (they were right).
You will not go wrong with this home. We only wish we had more time in it!