Real estate businesses are still in style in 2022. Rental apartments often look monotonous and impersonal, but yours don’t have to be. Landlords should always find exciting ways to create a welcoming and comfortable ambiance for renters. Tenants may decide to extend their contract or recommend their friends, which means you get more opportunities for less cost.
Short-term or long-term rentals
Before decorating or upgrading your rental apartment, you must determine if you’re accommodating short-term or long-term renters. Short-term or transient tenants only occupy the rental for a few days to a few weeks, and long-term tenants are under lease contracts with a minimum of 6 months. Those different tenant classifications significantly dictate how many customizations you should make to the rental apartments.
Getting multiple short-term renters for a whole month is more profitable than a long-term one, but getting a long-term renter is more stable. It would help if you styled your rental apartment considering the kind of tenants you will be accommodating. If you’re unsure how to style the space, you can use virtual staging to check how it looks with furniture. Additionally, virtual home staging can be a game-changer in showcasing the potential of your rental unit. By digitally furnishing the space, you can give potential tenants a clear vision of how they could utilize the area.
Upgrades for comforting and welcoming rental apartments
1. Clean and declutter regularly
No one wants a messy and dirty apartment, so make sure you have a cleaner available, especially if you anticipate hosting multiple short-term renters. Make sure to include the surrounding areas because clean spaces are warm and welcoming to newcomers.
2. Install privacy blinds
Privacy is one of the most important considerations when choosing an apartment, so add that to your priority. You can show renters that you take their privacy seriously by installing privacy blinds that could also double as sunlight blockage.
3. Provide Internet access
Applying for phone and internet lines is tedious for some renters, especially if they only plan to stay for a few months. You would take a load off their mind by providing Internet access, which you can add to the rental amount beforehand.
4. Create a signature look for all rental spaces
In marketing, creating a brand or identity is one way to ensure recall. Reputation and identity are linked, so if you want to develop a great marketing strategy, make sure your apartments have a distinct style.
5. Add indoor plants
Plants are aesthetically-pleasing, and they improve air quality in enclosed spaces. One way to create a comfortable rental space is by adding plants to battle stuffiness and humidity. Taking care of plants is also a therapeutic activity.
6. Use color-changing smart bulbs
If you have the budget for smart bulbs, you should try them as upgrades in your short-term rental apartments. Color-changing smart bulbs allow your renter to choose what color or ambiance he wants for a specific room, and it’s the ultimate simple yet impactful aesthetic upgrade.
7. Supply extra beds or mattresses for potential guests
Gatherings have become more intimate since 2020, so you should anticipate your tenant will have a house party once in a while. Sometimes your long-term renter will have guests over, and you can use that as an opportunity to make more money by supplying extra sleeping arrangements. Your tenants will appreciate the additional service.
8. Rearrange the furniture
You can try rearranging the furniture for a more exciting look. That way, you can check what works with your available space. The rearrangement will also make the room look larger when taking pictures for digital posting.
9. Replace rusty faucets, showerheads, or plumbing
Rusty plumbing could potentially affect the apartment’s water quality. The bathroom is one of the most critical parts of the rental apartment, so you should leave a great first impression on new and potential tenants by replacing them from time to time.
10. Decorate empty walls with personalized artwork
Is there a blank space that looks too empty? Add a touch of home. Cover the bare walls of your rental apartments with artworks that reflect your personality. Your transient renters may find those personal touches unique and memorable.
A rental apartment business is an excellent source of passive income, so you should keep the apartment welcoming and comfortable to improve performance. The ten ways mentioned above could enhance your apartment’s reputation, trust, and customer satisfaction.