In regards to your Boston rental property, it’s cost-effective to design interiors that will stand the test of time. Although trends may work in the short term, keeping your rental house on trend will cause consistent and costly renovations. On the contrary, the most profitable rental properties have a wide appeal that will last well into the future. Here are some points to keep your rental not only essentially relevant but, on top of that, ready for what comes next to future-proof your rental home.
Choose Classic Over Trendy
You can thus be tempted to appeal to today’s renters by integrating the latest fad into your rental home’s interiors (or even exteriors). But the reality is, to produce a timeless look that will last, it’s a good plan to stick to a simple, classic design. The classic design utilizes a simple, sophisticated style that is both functional and highly adaptable. To obtain a classic look, pick neutral colors and natural materials like wood, stone, and brick. Opposite to trendy, loud, or ornate design, classic design is timeless in that it works together with a wide range of styles and aesthetics and outlasts short-lived design fads. It is classified among the first actions toward making a future-proof rental property.
Keep Walls & Floors Neutral
Trendy colors come and go quite as easily as various other fads. Conceding that it may be appealing to use that accent wall or repaint your entire rental property the color of the year, in all likelihood you will turn out needing to repaint often to always keep your rental property from looking dated. To grant your rental home timeless appeal, pick neutral shades in your paint and flooring choices. Neutrals are specifically desirable in a rental house by reason that they develop into a nice 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 additionally granting the resident the chance to make it look like home.
Invest in Good Lighting
Another method that you can use to future-proof your rental property is to invest in fine lighting fixtures and bulbs. For various landlords, lighting in their rental homes is an afterthought. They make use of the cheapest light fixtures and bulbs they can obtain owing to the fact they suppose it will save them a few dollars. Despite the fact that might be true in the short term, investing in suitable lighting decreases utility costs and, in various cases, could grow and increase interest in your rental house, making it easier to rent, and encouraging renters to stay longer. This is due to the fact that few renters want a home that is dark or has inadequately lit rooms.
If your rental has obsolete or outdated light fixtures, don’t hesitate to upgrade to new, classic fixtures that will give adequate light. If it is possible, try to replace tacky fluorescent lighting with clean, up-to-date recessed lighting, which is both functional and versatile. At the very least, switch out those cheap light bulbs for quality, durable LED bulbs. This alone will create energy efficiency and exceedingly reduce the number of times the light bulbs will have to be changed annually.
Add Smart Upgrades
One last note, in contrast to other trends that come and go, smart technologies are here and highly likely to stay. To get your rental property ready for a future where such technologies are increasingly in demand, consider adding some smart upgrades. Putting up a smart thermostat could be useful to reduce utility costs and appeal to renters who fancy controlling such features from a smartphone or tablet. Likewise, 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 various different sorts of smart home technologies that you can add over time or invest in simultaneously. Contingent on where your rental property is located and what your target renters are searching for, it’s a great thought to at least initiate making particular upgrades before the opportunity to be ready for the future passes you by.
Would you like to ascertain and learn more strategies to make your rental home as profitable as it can be, year after year? Give Real Property Management Boston a call! Our Boston rental market experts can offer significant pointers and guidance 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 617-522-0099.
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