Rental Property Renovation Tips: The days of getting less rent from the old house are now over. By making some budget-friendly interior changes, you can make your ordinary room look like a five star hotel. You can increase your rental income by making just a small one-time investment.
Interior Design Hacks to Boost Rental Income: Is your old house giving you less rent than expected? Landlords often complain that their rental income is not increasing even in times of inflation, but have you ever wondered when a tenant pays more? The answer is, when he feels luxury and comfort at home. Today we are going to tell you about those 5 interior changes, by adopting which you can make your old and simple room look like a 5-star hotel. After these small investments, tenants may be willing to pay your quoted price.
Wall Putty and the Magic of ‘Accent Wall’
A simple paint job and a good finish can make a world of difference to a wall. Get premium wall putty done on the walls of the house, so that the walls get a mirror-like shine. Make one wall of the living room an accent wall. Apply textured design or royal wallpaper on it. It gives a ‘luxury feel’ to the tenant at first sight and you can directly increase the rent by Rs 2000-3000.
Make lighting great
Hotel rooms look so beautiful because a lot of work is done on layered lighting. Don’t rely on just one tube light. Install ‘warm white’ cove lights and spots in the false ceiling. Hang floor lamps or stylish pendant lights in the corners. It makes even a small room look bigger and expensive.
modular kitchen makeover
Tenants, especially those with families, look at the kitchen first. A clean and modern kitchen can increase the rent by 10 to 20%. There is no need to demolish the entire kitchen for this. Just get new Sanmica and ‘basket fittings’ installed on the old drawers. Install ‘backsplash tiles’ on kitchen walls. It is easy to clean and looks very premium.
bathroom fittings
Tenants reduce the rent after seeing old yellowed tiles and dripping taps. Install new age ‘silver’ or ‘matt black’ tap fittings in luxury bathrooms. A big LED mirror will change the look of the entire bathroom. To make the bathroom look like a hotel, separate the shower area with a glass partition. This small change takes the rental into the premium category.
Smart Storage & Wardrobe
Tenants always look for extra space. Make floor-to-ceiling wardrobe in the bedroom. Use mirror finish in this, so that the room looks bigger. Install ‘floating shelves’ in the room. These not only look modern but also give the tenant space to decorate their belongings.
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