As regards your Plano rental property, it’s cost-effective to design interiors that will stand the test of time. Though trends may work in the short term, keeping your rental house on trend will result in unceasing and costly renovations. Contrary to that, the most profitable rental properties have a wide appeal that will last well into the future. Here are proven effective suggestions to keep your rental not only significantly relevant but at the same time ready for what comes next to future-proof your rental home.
Choose Classic Over Trendy
You can indeed be tempted to appeal to today’s renters by assimilating the latest fad into your rental home’s interiors (or even exteriors). But the truth is, to generate a timeless look that will last, it’s a fine idea to stick to a simple, classic design. The classic design utilizes a simple, sophisticated style that is both functional and highly adaptable. To acquire a classic look, take and use neutral colors and natural materials like wood, stone, and brick. As distinguished from trendy, loud, or ornate design, classic design is timeless in that it works well together with a wide range of styles and aesthetics and outlasts short-lived design fads. It is one of the first effective steps toward forming a future-proof rental property.
Keep Walls & Floors Neutral
Trendy colors come and go as swiftly as some other fads. Despite that it may be alluring to affix that accent wall or repaint your entire rental property the color of the year, bear in mind, you will wind up needing to repaint often to keep your rental property from looking dated. To provide your rental home with timeless appeal, prefer to use neutral shades in your paint and flooring choices instead. Neutrals are desirable in a rental house on the account that they offer 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 at the same time enabling the resident to make it appear and feel like home.
Invest in Good Lighting
Another effective way that you can future-proof your rental property is to get high-quality lighting fixtures and bulbs. For several landlords, lighting in their rental homes is an afterthought. They utilize the cheapest light fixtures and bulbs they can get since they conceive it will save them a few dollars. Even though that might be true in the short term, investing in appropriate lighting decreases utility costs and, in few cases, could multiply interest in your rental house, making it easier to rent, and motivating renters to stay longer. That is because few renters desire a home that has dark or inadequately lit rooms.
If your rental has outmoded or outdated light fixtures, update to new, classic fixtures that will bestow ample light. Preferably, try to replace tacky fluorescent lighting with clean, fresh recessed lighting, which is both functional and versatile. At any rate, switch out those cheap light bulbs for quality, strong LED bulbs. This alone will optimize energy efficiency and essentially reduce the number of times the light bulbs will be required to be changed every year.
Add Smart Upgrades
One final note, as opposed to other trends that come and go, smart technologies are here and, in all probability, to stay. To get your rental property ready for a future where such technologies are increasingly in demand, consider adding some smart upgrades. Integrating a smart thermostat could definitely reduce utility costs and appeal to renters who desire to control such features from a smartphone or tablet. In the same manner, smart locks are usually quite budget-friendly and convenient, offering peace of mind for residents when they will have to be away from their homes for the day or weekend.
There are several different varieties of smart home technologies that you can add over time or invest in at one time. Conditional on where your rental property is located and what your target renters are seeking, it’s a brilliant idea to at least start making even a few upgrades before the opportunity to be ready for the future passes you by.
Would you like to learn and figure out more strategies to make your rental home as profitable as it can be, year after year? Give Real Property Management One Source a call! Our Plano rental market experts can offer practical guides and plenty of advice 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 214-960-1612.
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