Property and Business

In order to maximise the profitability of your rental apartment, along with having a great location, it is essential that you carefully consider how you will be decorating and furnishing it. The rental market is extremely competitive, so you need to make your property stand out for all the right reasons. So, take a look at this guide in order to make your rental property as appealing as possible!

 

Neutral Colour Palette

Your life will be much easier if you decide on a colour palette early on in the renovation process. This will be an easy job, as the best choice is a neutral colour palette. All potential renters have completely different preferences when it comes to interior design, so providing them with a blank canvas that they can make their own is the best way to draw people in and increase the demand for your property. Not only this, but neutral colours help to draw light into any room which will work in your favour, as many people look for bright, airy living spaces when they’re wanting to rent. 

 

Wooden Flooring

Now your walls and ceilings are nice and bright, it’s time to focus on the floors. You don’t want the apartment to look sterile, so it’s important to balance out the walls with warm wooden flooring. You might want to opt for stone or grey coloured carpets in bedrooms (cream is never a good idea), but in the kitchen and living areas, a wooden floor is the best option both aesthetically and practically. The tenant can still put their touch on the flat easily with simple wooden floors. 

 

Clean Fixtures

When it’s time to choose things like the kitchen and bathroom, you should still keep things simple. For the kitchen, stainless steel appliances such as the fridge and oven are the best options. Go for an electric hob as they are much easier to clean and maintain than gas hobs. For the sink, a large stainless steel stink will be practical and will complement the appliances. Stick to simple, modern cupboards and a warm wooden countertop works well. If you have the money in your budget, go for a subway style white backsplash as it will be extremely easy to clean and it will offer something different. 

 

For the bathroom, again, stick to neutral colours. Stone, light grey or white tiles around the bathroom are the best option. If you can avoid paint in the bathroom, apart from on the ceiling, it is advisable to do so. Tiles last for years and years, whereas paint has a tendency to peel in the humid environment, particularly in flats that have poor ventilation. For the bathroom suite, a simple white bath, toilet and sink will look clean and fresh.

 

Cohesive Furnishings

You may not decide to offer your flat furnished, as it will depend on your target audience. If you are wanting to target families, it’s probably best not to furnish the property as they are likely to have built up their own collection of furniture. However, for city centre apartments targeting young professionals, a furnished property is definitely the way to go. The most important thing here is that everything looks cohesive. If you have a black tv stand, a white coffee table and a wooden dining table, it simply won’t be appealing. So, stick to either white or wooden furniture. When it comes to soft furnishings, there’s no need to invest in a designer sofa or expensive curtains. Once again, keep things simple in terms of colour and style and you’ll be good to go.