It is cost-effective to design your Berwyn rental property’s interiors to stand the test of time. Although trends may work in the short term, keeping your rental house trendy will lead to frequent & costly renovations. Instead, your rental properties will be more profitable if they have a wide appeal that lasts well into the future. Here are some tips to keep your rental relevant and 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. Neutral colors and natural materials like wood, stone, and brick make a very classic look. Avoid trendy, loud, or ornate design and stick to timeless, classic designs that work well with different aesthetics and 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. Before you add that accent wall or repaint your property the color of the year, think of how often you will need to repaint your rental property to keep it from looking dated. Give your rental home that timeless appeal by using paint and flooring in neutral shades. 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. Wanting to save a few dollars, they install the cheapest light fixtures and bulbs they can find. 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. Few renters want a home that has dark or inadequately lit rooms.
If your rental had outdated light fixtures, upgrading to new, classic fixtures would provide enough light. An easy switch is to replace fluorescent lighting with modern recessed lighting which is very versatile. The least you can do is replace those cheap light bulbs with long-lasting LED bulbs. Not only will it increase energy efficiency, but it will also reduce the number of times you need to change light bulbs each year.
Add Smart Upgrades
However, unlike other trends that simply pass, smart technologies are very likely to stay. Adding smart upgrades will get your rental property ready for when such technologies will be increasingly in demand. For example, a smart thermostat can help reduce utility costs and allows renters to control such features from a smartphone or tablet. Smart locks are also quite budget-friendly and convenient, and it gives your residents peace of mind when they are away from home.
With all the different smart home technologies available, you can choose to install them overtime or invest in them all at once. Depending on the location of your rental property and your target renter’s needs, it is good to start making a few upgrades before the opportunity to future-proof your home passes you by.
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 Chicago Edge a call! Our Berwyn 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 773-904-7700.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.