When it comes to Fairhaven rental properties, it’s more cost-effective to have interiors designed to stand the test of time. Trends are attractive in the short term but keeping your rental house on trend will require costly renovations. In contrast, the most profitable rental properties have an appeal that lasts well into the future. Here are some ideas to keep your rental not only relevant but ready for what comes next to future-proof your rental home.
Choose Classic Over Trendy
You might want to attract today’s renters by incorporating the latest fad into your rental home’s interiors & exteriors. But to create a timeless look that will last, it’s a much better idea to stick to a simple, classic design. The classic design utilizes a simple, sophisticated style that is both functional and highly adaptable. For a classic look, go for neutral colors and natural materials like wood, stone, and brick. Unlike trendy designs, classic design is timeless and, because it works well with many different styles, outlasts short-lived design fads. It is one way of creating a future-proof rental property.
Keep Walls & Floors Neutral
Trendy colors come and go almost as quickly as most other fads. Hold off from adding that accent wall or repainting your facade the color of the year, or else you will end up needing to repaint your rental property often to keep it from looking dated. If you want to give your rental home timeless appeal, stick to neutral shades in your paint and flooring choices instead. Neutral colors in your rental house provide a backdrop for your renter to furnish with pieces that reflect their personality. Soft beiges, grays, and crisp white trim become accents in a room that the resident can design to feel like home.
Invest in Good Lighting
Another way of future-proofing your rental property is by investing in quality lighting fixtures and bulbs. For many landlords, lighting in their rental homes is an afterthought. They try to save a few dollars by using the cheapest light fixtures and bulbs. In the short-term, it may seem to have worked but investing in good lighting actually helps you save on utility costs and even increase interest in your rental house making it easier to rent and encouraging renters to stay for a long period of time. This is because few renters want a home that has dark or inadequately lit rooms.
Switch out your rental’s old or outdated light fixtures for fixtures that will provide enough light. Tacky fluorescent lighting can be replaced with functional and versatile recessed lighting. At the very least, switch out those cheap light bulbs for quality LED bulbs. This alone increases energy efficiency and reduces the time you need to change light bulbs every year.
Add Smart Upgrades
Finally, you might want to consider installing smart technologies. Prepare your rental property for a future where these technologies will be the norm by beginning to add smart upgrades now. Did you know that aside from letting renters control a smart thermostat’s features from a smartphone or tablet, it can also help lower utility costs? And smart locks are budget-friendly upgrades that offer peace of mind for residents who have to be away from their homes for a certain amount of time.
You can choose among the many smart home technologies that you can add to your home according to your budget and preference. Depending on your rental property’s location and the type of renters you want to attract, you can begin making a few upgrades while the opportunity is at hand.
Would you like to learn more about strategies to make your rental home as profitable as it can be, year after year? Give Real Property Management Success a call! Our Fairhaven rental market experts can offer valuable tips and suggestions 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 908-239-7579.
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