With regards to your Providence rental property, it’s cost-effective to design interiors that will stand the test of time. Even while trends may work in the short term, always keeping your rental house on trend will bring on repeated and costly renovations. By comparison, the most profitable rental properties have a wide appeal that will last well into the future. Here are quite a few applicable tips to keep your rental not only critically relevant but, as a matter of fact, ready for what comes next to future-proof your rental home.
Choose Classic Over Trendy
You might be tempted to appeal to today’s renters by adding the latest fad into your rental home’s interiors (or even exteriors). But definitely, to devise a timeless look that will last, it’s a far better thought to stick to a simple, classic design. The classic design utilizes a simple, sophisticated style that is both functional and highly adaptable. To secure a classic look, pick out neutral colors and natural materials like wood, stone, and brick. As distinct from trendy, loud, or ornate design, classic design is timeless in that it works well together with a wide range of styles and aesthetics and outlasts short-lived design fads. It is among the first steps toward establishing a future-proof rental property.
Keep Walls & Floors Neutral
Trendy colors come and go practically as fast as many other fads. Even though it may be fascinating to include that accent wall or repaint your entire rental property the color of the year, it’s almost certain you will turn out needing to repaint often to have your rental property from looking dated. To help give your rental home timeless appeal, use neutral shades in your paint and flooring choices. Neutrals are precisely desirable in a rental house given that they set up a really great backdrop for the renter to customize the space with their own furnishings and décor. Soft beiges, grays, and crisp white trim can accentuate a room while at the same time allowing the resident to do with the place as they please to feel more like home.
Invest in Good Lighting
Another practice that you can use to future-proof your rental property is to acquire terrific, high-quality lighting fixtures and bulbs. For countless landlords, lighting in their rental homes is an afterthought. They use the cheapest light fixtures and bulbs they can get due to the fact that they expect it will save them a few dollars. Conceding that that might be true in the short term, investing in great lighting decreases utility costs and, in many cases, could develop an interest in your rental house, making it easier to rent, and motivating renters to stay longer. The reason is that few renters ever want a home that has dark or inadequately lit rooms.
If your rental has worn or outdated light fixtures, do your best to upgrade to new, classic fixtures that will satisfactorily give enough light. If at all possible, try to replace tacky fluorescent lighting with clean, and new recessed lighting, which is both functional and versatile. At the very least, change out those cheap light bulbs for quality, durable LED bulbs. This alone will substantially increase energy efficiency and hugely reduce the number of times the light bulbs will necessarily be changed year by year.
Add Smart Upgrades
Lastly, in contrast with other trends that come and go, smart technologies are here and seemingly to stay. To get your rental property ready for a future where such technologies are increasingly in demand, consider adding some smart upgrades. Installing a smart thermostat could aid to reduce utility costs and appeal to renters who have the desire to control such features from a smartphone or tablet. In the exact same way, smart locks are usually quite budget-friendly and convenient, offering peace of mind for residents when they will necessarily have to be away from their homes for the day or weekend.
There are countless different kinds of smart home technologies that you can add over time or invest in altogether. Depending greatly on where your rental property is located and what your target renters are in search of, it’s always the right idea to at least commence making some upgrades before the opportunity to be ready for the future passes you by.
Would you like to know more with respect to strategies to make your rental home as profitable as it can be, year after year? Give Real Property Management Cache Valley a call! Our Providence rental market experts can offer useful advice and applicable tips to maximize your investment property’s potential, as well as our highly-rated property management services. You can reach us online or call us at 435-753-5200.
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