With the value of homes rising everyday, rental properties make up a large and ever-growing share of the housing market. In some areas, they make up as much as 30 percent of the housing stock. Some people have chosen to make an extra income off buying homes and selling them. When there’s a rapid increase in the supply of rental properties, landlords have increased options for choosing how to manage their properties. They can choose to operate as traditional landlords and try to find tenants looking for long-term housing. Or, they can design their properties with the needs of the future renter in mind and make the property more appealing with the help of interior design.
1. Choose Unique Storage
One of the first things that a renter will notice about an apartment is its interior design. When the landlord takes the time to create a stylish interior, renters will enjoy their stay more, and it will be more likely that they will stay on the property for a longer period. You can compare your house to other houses on the market. You can also look up local interior designers to create the design or take a few simple steps to optimize the space to look good on its own. For example, choose furniture pieces that are stylish and will look good in any interior design style, furniture that is not too large or small to move around, and look good in different areas easily. If you have limited storage space in the apartment, use stylish storage options such as baskets, shelves, and containers.
2. Purchase Greenery
You will want to have a well-maintained house, it will make your house look much more inviting and comfortable than if the place is a mess. Having a messy rental property, may cause you to miss out on some potential tenants looking for that clean and tidy environment. Houseplants can be used to add greenery to your property. They can also be used as decorations for different areas in the home. It’s a given that having houseplants can make the place look more lived in and give it a homey feel. But, there’s more to it than just looking nice. There are also health benefits to be enjoyed by those who live in a home with plants. San Antonio home buyers are looking for rental properties with a clean environment, and houseplants can help them find the home of their dreams.
3. Buy a Statement Rug
When it comes to renting a property, you may want to consider buying a statement rug for the living room. This can be a great way of making your property stand out from other properties with similar aesthetics. However, there are plenty of other things that you can do. You can buy some throw pillows and place them strategically in your home. You can also buy some decorative candles and place them in different areas so that the place feels more welcoming. Also, you can buy some throw blankets and place them at strategic places on your property.
4. Opt for Multifunctional Furniture
When renting a property, you don’t have the luxury of having your furniture. Instead, you have to do what is available in the rental unit. However, when designing your rental property with future renter needs in mind, you can choose to use multifunctional furniture to make the property more appealing. This involves choosing furniture that can be used for many purposes and not just one. For example, you might choose to place a couch with seats that can be used as dining tables or beds, depending on the renter’s needs. Similarly, you might place a dining table that doubles as a desk to make it easier for renters to entertain guests and work on laptops and tablets.
5. Transform the Walls
When you rent a home, you’re not looking for a new home a lot of the time. You want to find a place that you can afford and live in for the time being. And if there are many other renters in the same building, this means that the walls of your home may be shared with others. This can make it hard to find privacy. You can have your walls painted, use wallpaper, or go with a more modern design. But one thing that is often overlooked is the difference between paint and wallpaper. Paint is usually used on bare walls, while wallpapers are often used on walls that already have some color. One way to make the space more appealing would be to try out a design that uses both paint and wallpaper in an interesting combination. The combination of two different patterns can make for an interesting composition.
6. Consider Other Options to Make Money Off Your Home
If you have been redesigning your home and realize that renting out your home maybe is not something that will work out for you. You can look into the financial benefits of selling your home. If you are located in Texas, you can look up San Antonio home buyers to find someone to take the home off your hands. The options are endless, you can take some time to consider the best options for you.
Landlords are not easy to deal with and can be quite a hassle, especially if you regularly deal with them. But if you approach them with respect and understand their needs, they will likely be more willing to work with you to get things done. You can use these tips and tricks to make your property stand out among others and hopefully attract even more tenants in the future.