Whether you own a vacation rental property or a standard rental property, if you decide you want to have it furnished, you can be looking at many options to choose from. Furnished rental properties stand out more and make them desirable to potential tenants.
If your rental property is listed on a website or in a print ad featured an advertising board, the appearance of your rental property is what can make a difference in obtaining a tenant or not. Even if you have made yourself a restricted budget, there are many options on ways to furnish a rental property in a cost-effective manner.
There are many ways for furnishing your rental property, whether you are furnishing a high-end rental vacation beach home to a rental property in a lower-income neighborhood.
There are many factors to attracting a certain type of demographic into your rental property, and a good portion of it depends on location. If your rental property is in a master-planned family community, you’ll want to furnish it with families in mind.
This means making the home child-friendly and versatile for a family to come in and make a life there. If your rental property is located in more of a metropolitan city, you’ll, where more single people reside, you’ll want to decorate it in a manner that goes with more desirable to someone who is single.
Establishing a budget is essential when figuring out how to furnish your rental property. Make a list of all the rooms you need to furnish, then calculate the amount of furniture you will need per room. You can then figure out the average cost per room and determine how much you want to spend on furniture.
If you have to do any reconstruction on the rental property, you should include those cost as well into the amount you’ll be spending.
Never underestimate on how much paint can enhance a room. The color scheme a room is can make a big difference in how the room appears and what target market it will attract.
Even though many tenants will usually want to paint over the existing paint, doesn’t mean a fresh coat of paint won’t attract them to desiring your rental property.
Let’s face it, decorating a rental property with new furniture can be a costly expense you are spending on someone besides yourself to have a comfortable place to live.
Of course, it is an investment which eventually will provide you with a return, but still if you can save why not? Take a look at various reseller apps and websites and view their inventory. Many times you’ll be surprised what is available to you at a much lower cost than if you were to go to a store and purchase the items brand new.