If you own a buy to let property, you’ll know that one of the key factors that dictate the success of your investment is demand. After all, without tenants, you can’t make money on rental income and could be left out of pocket after efiled tax deductions and other necessary fees. In order to attract the highest levels of demand and ensure you’re generating consistent rental income month after month, you need to make your property desirable.
Aside from location and property type, the way you decorate and furnish your rental property can have a big impact on the amount of interest your property receives. To make sure you attract the most demand possible, take a look at these tips on how to decorate your buy to let property.
Stick to a neutral palette
You can’t go wrong with neutral shades when decorating a rental property. While some tenants might personally prefer a brighter and bolder use of colour in the home, the majority will favour a property with a neutral colour scheme. This is because neutral shades like white and beige allow people to visualise themselves living in a space, without the distractions of garish wallpaper or harsh colours that don’t reflect their personal style.
White is usually a good choice to go for, rather than beige which can sometimes make a room look dull and lifeless. RW Invest, a UK property investment company, use white in their buy to let properties as a way to attract a wider range of tenants and make the rooms appear more bright and spacious. If your tenant does prefer a bit more colour, they can often incorporate this with accessories like colourful cushions, rugs, and artwork that will complement the white walls perfectly.
Choose the right flooring
Flooring is a big part of any property and an important thing for buy to let investors to think about. While you want your flooring to look good and attract new tenant interest, you also need it to be practical. Light coloured carpets, for instance, aren’t the most practical choice as they tend to show up stains easily and can become dirty. You’ll want to decorate with a flooring type that’s hard-wearing and won’t need replacing so often, such as hardwood floors, laminate, or carpets in a darker colour.
Tackle mould and damp issues
Above all else, before putting your rental property on the market, you need to make sure you’ve investigated all possible issues and put a stop to them. Mould and damp should be both prevented and taken care of as quickly as possible, as if left untreated, it can lead to more costly repairs and cause your rental income to suffer.
When decorating rooms like the kitchen and bathroom, apply a fungicidal wash to surfaces and paint the walls with damp proof paint. You can also fill any gaps in old and cracked grouting by applying mould spray if damp has started to develop and make sure there are no cracks in the exterior of the building that could be letting rainwater penetrate your walls. It’s also a good idea to install some extractor fans in areas that produce a lot of moisture like the bathroom and kitchen and encourage your tenants to ventilate the property as much as possible.