If you’ve weighed up the pros and cons and you’ve decided to furnish your Perth investment property, the next important step is to make sure your furnished rental property appeals to your target tenants.
Whilst you might love those canary yellow walls and millennial pink furniture, your tenants might not agree. So how do you make sure you’re not putting tenants off with your colour scheme?
Bright colours may be in style during Perth’s summer, but your tenants may not have the same appreciation for those vivid shades as you do. If you want to appeal to a wider pool of tenants, try opting for a more neutral colour scheme. Furniture in grey and beige may sound boring, but you can counteract these basic essentials with colourful accessories that won’t cost an arm and a leg to replace. If you’re considering re-decorating the walls of your investment property, paint is generally more durable than wallpaper. That way, you can simply repaint your rental property if you change your mind further down the line.
Style to your target market
One of the biggest considerations when styling your Perth rental should be your target market; after all, these are the people who will be living in your property! When it comes to decorating your rental home, make sure you identify your audience first. Are you targeting families, pet owners, couples or students? These different demographics will prioritise different things when it comes to choosing a furnished rental property. Students for example, will likely appreciate a desk space or a place to work, so make sure your choice of furnishings matches your market.
Opt for durable furniture and fixtures
Whilst your Perth property holds personal value to you, it should still be viewed as a long-term investment. If you don’t want to be replacing furniture and fixtures on a regular basis, try selecting durable interiors for your furnished rental property. This smart expenditure will ensure you’re not spending more than you earn on your investment and help you increase profit from your property in the long-term.
A word about storage
Storage is essential to the overall functionality of a rental property, so make sure you’re providing tenants with adequate space and storage areas for all their possessions. This will help your tenants keep your Perth rental clean and tidy between inspections.
Advice from your property management team
If you’re thinking about furnishing or re-decorating your managed rental property, the Perth property managers at Rentwest Solutions can advise you on what tenants are looking for in the current market. Our property management team have an in-depth knowledge of the Perth rental market, and can help you make the best decision for you and your tenants.
For more information about our property management solutions, or for advice on your managed properties with Rentwest Solutions, contact the team today at [email protected] or call us on 9314 9888