Owning a rental property, or multiple
rental properties, can be an exciting and great way to earn extra income. While finding the right location and type of
property is a major factor in deciding which property to buy, you should also
consider the inside of the property as well.
Properly furnishing and decorating your rental property can help to
entice potential renters. For example,
if you own a rental property on the beach, a renter might be more likely to
rent your property for their vacation if the home is decorated and furnished
with a tasteful beach theme, lending the relaxation and “getaway” feel they
might be looking for on their vacation.
This article will discuss four simple tips to furnishing a rental property
to entice potential renters
in a property overseer
The first tip to entice potential renters
is to hire a rental company to help oversee your rental property. While this tip is not directly related to
decorating your property, it is essential that you have someone who can dedicate
the time and energy to helping rent out your property, especially if you have a
full time job or do not live in the area.
The property overseer aids in checking in on the property, as well as
arranging renters, leaving you with less work to do. Also, rental companies
have more experience in this area, and you are sure to get more renters than
you would on your own.
While using bright colors or pastels in
your own home is perfectly fine if that is your style, you should stick to
using neutral colors in your rental property.
This is because you need to cater to everyone’s style, which might not
include having a colorfully painted home. Sticking to neutral colors such as
beige, tan, eggshell, etc. will allow your tenants to decorate and add their
own touches, as these colors are great matches for any color scheme.
Flooring is a major aspect of what someone
will consider when renting. Remember to
install flooring that is cost effective but also looks nice, and will sustain
the wear and tear of multiple tenants moving in and out. If you choose to use carpet in the property,
stick to a neutral color such as an or beige.
If you choose to use hardwood flooring, make sure you use carpet in the
bedrooms, as people typically like to have carpet in their sleeping
quarters. Tile is also a great option to
make a kitchen look nice.
If you choose to furnish your rental
property, again stick to furniture that is nice and good quality, but is
standard in style. Keep in mind that you
might have to update furnishings every few years, as style tends to change and
the wear and tear from tenants also plays a part. Potential renters will be looking for clean
and stylish furniture. Enlisting the
help of your rental company can also help you stage your home to look appealing
to potential renters.