Styling Your Property for Rental

30 July, 2024

Depending on whether you intend to sell or rent your property, there are key distinctions to consider in how to style it. When you rent a house, the main goal is to provide tenants with a move-in-ready space they like, whereas when selling a property, the focus is on showcasing its potential as a future residence.

 

How Does Styling for Rental Differ from Selling?

The objectives of styling a property for rental purposes differ from those of selling, so certain tactics are required.

 

1. Intended Audience
1. Selling: The intention is to attract buyers looking for a long-term investment. The arrangement should highlight the property's possibilities and let buyers visualise how they may customise the area.
2. Renting: The primary goal is to have the house ready to move into. Tenants typically seek ease and functionality, with the majority preferring properties that require less customisation which many landlords do not even allow.
2. Decor and Furnishings:
1. Selling: Neutral colours and minimalist furniture allow purchasers to imagine their own belongings in the space. Upscale touches and ornamental objects can boost the perceived value.
2. Renting: Renting prioritises practicality and durability. Although aesthetics are important, the furniture must be durable enough to withstand continuous use. Even though the tones need to remain neutral, it is acceptable to incorporate some stylistic touches to enhance the attractiveness of a property.
3. Investment in Presentation:
1. Selling: To boost a home's exposure in listings, it is typical to spend extra funds on staging and high-quality photos.
2. Renting: Achieving a balance between cost effectiveness and a well-presented space is important for generating returns over time through rental income.

 

Is It Worth Renting Furniture?

Landlords sometimes face the decision of whether or not to lease furnishings for their rental homes. Here are some things to consider:

 

1. Cost vs. Convenience: Renting furniture can save you money, especially if you don't want to make a substantial upfront investment. It allows you to effortlessly update or adjust the decor without purchasing new items.
2. Attracting Tenants: Furnished properties attract a broader range of renters, including professionals, expatriates, and students looking for convenience. A well-equipped property can demand higher rents and reduce the vacancy period.
3. Maintenance and Replacement: Companies that provide furniture rental services typically handle maintenance and replacements, ultimately saving their customers time and effort. This ensures you won't have to worry about furniture deterioration and your property stays in good condition.

 

What Kind of Items to Buy That Can Be Reused in Future Developments?

A wise strategy for landlords is to put money into multi-purpose, durable products. Here are some items for you to consider:

 

1. Modular Sofa: Modular sofas can be very adaptable, with components that can be adjusted to fit different settings. Their adaptable design appeals to a wide range of tenants, and they can be reused across numerous homes, making them an affordable investment.
2. Neutral and Durable Furniture: Choose furniture with neutral tones and long-lasting materials. Furniture like dining tables, chairs, and beds that are durable can be repurposed in various locations. Neutral colours allow them to blend effortlessly with different decorating styles.
3. Multi-functional Furniture: Furniture such as sofa beds, extendable dining tables, and storage ottomans have two functions: They help to save space and are perfect for rental properties. These items provide tenants with useful answers while increasing the property's worth.
4. Quality Accessories: Purchasing high-quality accessories such as rugs, curtains, and lighting can improve the property's overall appearance. Select classic styles that can be utilised in various environments. These accessories can be quickly replaced to give the decor a new look without spending a lot of money.
5. Appliances: Investing in energy-efficient, top-notch appliances is beneficial. They attract tenants who care about the environment and also reduce long-term utility expenses. Appliances that are durable and long-lasting can be moved to multiple locations as needed.

 

Understanding these small variations and making thoughtful judgements will boost the desirability of your rental property and ensure its continued competitiveness in the market and should create a happier letting for your tenant too.