In terms of your Katy rental property, it’s cost-effective to design interiors that will stand the test of time. Even though trends may work in the short term, working to keep your rental house on trend will give rise to continuous and costly renovations. In contrast, the most profitable rental properties have a wide appeal that will last well into the future. Here are several pieces of advice to keep your rental not only relevant but also, at the same time, ready for what comes next to future-proof your rental home.
Choose Classic Over Trendy
You will indeed be tempted to appeal to today’s renters by including the latest fad in your rental home’s interiors (or even exteriors). However, to successfully create a timeless look that will last, it’s a great idea to stick to a simple, classic design. The classic design utilizes a simple, sophisticated style that is both functional and highly adaptable. To get a classic look, select neutral colors and natural materials like wood, stone, and brick. In contrast with a trendy, loud, or ornate design, classic design is timeless in that it works really well with a wide range of styles and aesthetics and outlasts short-lived design fads. It is among the first measures toward having a future-proof rental property.
Keep Walls & Floors Neutral
Trendy colors come and go nearly as rapidly as several other fads. Though conceding it may be enticing to have that accent wall or repaint your entire rental property the color of the year, apparently you will, be needing to repaint often to retain and keep your rental property from looking dated. To impart and give your rental home timeless appeal, select neutral shades in your paint and flooring choices, alternatively. Neutrals are primarily desirable in a rental house due to the fact that they provide and establish a 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 indeed allowing the resident to freely work on it to make the space feel like home.
Invest in Good Lighting
Another technique that you can future-proof your rental property is to spend on excellent lighting fixtures and bulbs. For quite a lot of landlords, lighting in their rental homes is an afterthought. They just use the cheapest light fixtures and bulbs they can have cause they imagine it will save them a few dollars. Although that might be right in the short term, investing in effective lighting decreases utility costs and, in several cases, could add up interest in your rental house, making it easier to rent, and persuading renters to stay longer. This has to do with the fact few renters actually want a home that has dark or inadequately lit rooms.
If your rental has out-of-date or outdated light fixtures, change to new, classic fixtures that will bring sufficient light. If you can, try to replace tacky fluorescent lighting with clean, new recessed lighting, which is both functional and versatile. At the least, switch out those cheap light bulbs for quality, enduring LED bulbs. This alone will develop energy efficiency and highly reduce the number of times the light bulbs must be changed yearly.
Add Smart Upgrades
On a final note, as distinct from other trends that come and go, smart technologies are here and, in all likelihood, here to stay. To get your rental property ready for a future where such technologies are increasingly in demand, consider adding some smart upgrades. Incorporating a smart thermostat could support and help to reduce utility costs and appeal to renters who want to control such features from a smartphone or tablet. Same way, smart locks are usually quite budget-friendly and convenient, offering peace of mind for residents when they would like to be away from their homes for the day or weekend.
There are quite a lot of different forms of smart home technologies that you can add over time or invest in. Dependent on where your rental property is located and what your target renters are in search of, it’s an excellent thought to at least embark on making quite a few upgrades before the opportunity to be ready for the future passes you by.
Would you like to know and learn more as regards strategies to make your rental home as profitable as it can be, year after year? Give Real Property Management Heritage a call! Our Katy rental market experts can offer helpful clues and directions 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 832-449-5263.
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