Furnishing your rental property can sometimes allow you to charge a higher rent than you normally would for an unfurnished property. Some tenants are looking for furnished rental properties, such as first-time renters who have no furniture, or those looking for a temporary place to live for a few months or so.
It is important to know how to decorate a furnished rental property. You want the property to be attractive to the majority of renters because you don’t know how long each tenant will stay.
1. Paint
It is best to go with a neutral color for your unit, whether you plan to furnish it or not. Colors such as white, light gray, and eggshell will generally look great in every room and go with the most furniture. If you need to replace the furniture between tenants due to normal wear and tear, it will be easy to find new furniture that goes well with the paint.
2. Furniture
If you are going to furnish your Dallas rental property, it is usually best to purchase high-quality furniture, even if it’s on the more expensive side. If you choose cheaper furniture, it won’t last long and will need to be replaced fairly often, making your furnished property more expensive to maintain in the long run.
It’s helpful to remember that you don’t need a lot of furniture, as the property is often only a temporary residency for most tenants. This means that kitchen tables generally don’t need more than 4 chairs, and a living room doesn’t need much more than a sofa and a loveseat.
When choosing the living room furniture, choose dark colors to help prevent noticeable stains. If you choose to include a coffee table or end tables, go for sturdy, hardwood builds that are durable and generally aesthetically pleasing.
You don’t have to spend a fortune on beds, just make sure they are sturdy. Some tenants may want to supply their own mattresses, but you should provide new mattress pads for those who don’t. It’s also helpful to provide dressers, nightstands, or shelving to help with organization. It is usually best to try to find bedroom furniture that goes with the headboard. It’s important that your unit looks attractive in order to attract quality tenants, and matching furniture can go a long way in doing so.
3. Wall Decor
It is best to leave the walls bare in your furnished rental property. Your tenants may not have their own furniture or want to spend a fortune on new furniture, but they likely have their own wall décor. Your tenants may want to hang family photos or other decorations. Allowing them to do so will help make the property feel more like home.
4. Window Treatments
Everyone has their own taste when it comes to window treatments. Some people like curtains that hang down to the floor, and others prefer a simple valance across the top of the windows. When decorating your rental property, it is best to hang generic, horizontal blinds only. Curtains are relatively inexpensive, and if your tenants want to hang curtains, they can choose their own colors and styles.
The way you decorate your furnished rental property is an important part of attracting quality tenants, but there is more to property management than that. Our team at Specialized Property Management Dallas will handle all aspects of your rental property, such as finding tenants, collecting rent, and making repairs. We know what tenants look for in a rental property, so we can help you find quality tenants who will take good care of your property, furnished or not. For more information, call us at 214-233-7572 or contact us online.
