When it comes to renovating a rental property the best format is plain and simple.
Everyone has their own ideas for the interior design of a property. What you think is a fantastic design is someone else's nightmare design. If you have bought rental properties then you will have looked at many properties before making a purchase. Remember how proud some owners are showing you their home. You politely walk around and when you left made a mental note about changing this or the other. Prospective contracts are exactly the same. Colors and designs in a property can make the difference between finding a tenant or the perfect tenant, charging a modest rent or an excellent rent. So when doing the interior of a rental property plain and simple is best.
A bright and airy interior in neutral colors will push up demand for your property. Here are a few things to consider.
Painting – magnolia on the walls with the skirting boards, door frames, doors etc. in white. These neutral colors make a room look fresh and spacious.
Flooring – beige carpets always help with creating a spacious illusion. For modern interiors laminated flooring is popular.
Kitchens – people can get carried away with kitchens and spend several thousand of pounds renovating. A simple design with several under bench units and draws works best with space left for an oven, a fridge, a washing-machine and a dryer. A couple of overhead cupboards finish the kitchen. The more space the tenant can see to add their own personal items the more it will feel like their own place. The best units to use are from your local diy store such as B & Q. They are of a standard design easily mixed and matched making it simple to replace damaged doors or draw fronts without the cost of replacing a whole kitchen if something gets damaged. Between tenants a kitchen can quickly be refurbished or updated, if needed, with a change of doors and draw fronts for a fraction of the cost of installing new made to measure units.
Bathrooms – are another room that can be excessively priced for renovation. White bathroom units with matching bath, toilet and basin can be quite cheaply purchased from a local diy store. Other suggestions are tiled floor, white tiles around the bath, magnolia painted walls, white skirting boards, doors and door frames. A shower over the bath, unless there is a separate shower in the bathroom, plumbed directly to the boiler. This reduces costs associated with electric showers frequently breaking down. The bathroom will also need an extractor fan wired to the light with a timer set to continue for several minutes after the light is switched off.
It is rare to have a tenant for life, most tenants rent while making the decision to buy their own home. Some tenants can move with their jobs and others just simply like to move around until they find an area they like to live in. Expect to do minor work between tenants. Remember the simpler the design the easier it is to touch up.
PS – Plain and Simple