Hey there landlords! Have you ever thought about diving into the world of designing rental properties? Designing a rental space is not only about making it visually appealing, but also about attracting top-notch tenants. Let’s explore the latest trends and ideas that will make your property a hot spot for future tenants!
- Picking Colors that Pop:
The days of boring beige walls are far behind us. It’s time to embrace colors that make your property pop! You can add a vibrant accent wall or even decor in bold shades. Think an electric blue, sunny yellow or even a splash of fiery red. This can even be incorporated by choosing colorful kitchen utensils, like a red coffee maker and kettle for example. These eye-catching colors make your property stand out and create a memorable impression on your prospective tenants.
- Open concept layouts:
Open concept layouts have been trending for some time now, and for good reason. Tenants are looking for spaces that flow and have a feel of spaciousness. In fact, an open floor plan is at the top of the wish list for most renters (Renting Toronto, 2022). There’s no need for all those walls separating living spaces. So knock ‘em down and create a space that allows tenants to socialize, entertain, and even cook all in one place.
- Sustainable features:
If you want to attract environmentally conscious tenants, then incorporating sustainable features is definitely the way to go. Installing environmentally friendly appliances, opting for LED lighting, and obtaining water-saving fixtures are all ways in which you can create a more sustainable space. Sustainability also takes into account the materials that you use. There are plenty of eco-friendly materials available allowing you to create a space that is beautiful and green. And by “green”, I don’t mean the colour, it’s a lifestyle!
- Up to date Tech:
Tech-savvy tenants want tech savvy living spaces. Try to integrate some smart features in your rental. Smart home features are generally easy to install and add a lot of convenience. This is sure to impress prospective tenants and makes your property modern and up-to-date. It’s as simple as getting a smart thermostat!
- Furnishing:
If you’re planning on furnishing your rental make sure to make it timeless. Tenants are looking for that sleek, modern feel when it comes to furniture. If the tenant wants to spice things up, they can always add their own decor and make the space more personalized. Be sure to get furniture that is easy to clean and maintain. Also, don’t be scared to tie in some nice artwork. Artwork can be used to hide eyesores like exposed cables and uneven paint (Strebe, 2020). Another nice touch is replacing old outdated blinds (Strebe, 2020). Replacing blinds doesn’t have to be expensive and can really change the look of a rental. Overall, you’re better off opting for simple furniture and decor when it comes to rental properties.
Using the above ideas, you’ll create rentals that tenants will be lining up for! Let your creativity run wild and transform your space into a place tenants will soon be calling home. Once you’ve designed your space, Payquad can help with the rest. At Payquad, we handle all things rentals from payments to maintenance requests. So get to work and we’ll take care of the rest!
References:
Renting Toronto. (2022, October 19). Tips for designing a rental property that appeals to future tenants. Renting Toronto. https://www.rentingtoronto.com/blog/tips-for-designing-an-appealing-rental-property-34j5km
Strebe, S. (2020, November 19). 9 budget design ideas to transform your rental into a Mansion. MyDomaine. https://www.mydomaine.com/how-to-update-your-rental-apartment
