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Rising incomes lead tenants to prefer luxurious rentals. Updates like fresh paint, deep cleaning, new curtains, wall panels, better lighting, and kitchen upgrades can boost appeal and rent.
With rising incomes, tenants now prefer homes with luxurious features both inside and outside.
With rising incomes, tenants now prefer homes with luxurious features both inside and outside. While a house provides a place to live, it can also be a smart investment for the future. Investing in your rental property can yield high returns and it doesn’t always have to mean major renovations or extensive remodeling. You can significantly enhance the appeal of your property within a modest budget with strategic updates which will further allow you to command higher rent.
A Fresh Coat Of Paint Can Leave A Lasting Impression
Painting your property is one of the easiest and most impactful ways to make it feel brand new. Neutral and modern colors like whites, greys, or pastels not only appeal to a wider audience but also make spaces look brighter and more spacious.
Navy blue paint adds personality to small spaces in a large room, offering depth and character without overwhelming the space. White remains a classic choice for its ability to reflect light and make walls appear to recede and light colors create an illusion of space. For those drawn to neutral tones, opt for a luminous gray that shifts with the light and shadows, adding sophistication and intrigue beyond a basic white backdrop. Similarly, a pale yellow color scheme can complement the warmth of wooden counters and terracotta tiles in a cozy pool house kitchen, enhancing its inviting charm. Certain spaces, influenced by architectural style, lighting, or existing furniture, call for unconventional choices—like khaki—which bring a timeless and tailored appeal.
Professional Deep Cleaning Can Make A Sparkling Difference
Cleanliness can make or break a tenant’s decision. From removing years of grime from tiles to reviving the sparkle of kitchen counters and bathroom fixtures, deep cleaning enhances the overall look and hygiene of your space.
Nowadays, people are hiring professionals from various online applications because they are easy to book, offer quality service and promise the timely completion. One can book deep cleaning for a furnished and unfurnished apartment by paying a minimal cost. The option covers living room cleaning, bedroom cleaning, decor item cleaning, floor cleaning, bathroom cleaning, and kitchen cleaning.
Squeaky clean washrooms and utility areas speak volumes about the maintenance and appeal of a property.
Upgrade Your curtains
Curtains are often overlooked but can dramatically change the vibe of a room. Switching to high-quality, elegant curtains in colors that complement your walls can elevate the perception of your property’s interiors.
Teal green curtains with white accents are currently trending, bringing a refreshing, nature-inspired look to any space. For a rich and elegant aesthetic, layering curtains in complementary shades can enhance the overall decor. Sheer curtains are also a popular choice, allowing natural light to brighten the room while adding a soft and airy feel.
A beaded curtain can help in visually separating your space. It is an excellent room divider, which further adds drama to your room.
Add Wall Panels
One of the main benefits of wall panelling is it helps prevent damage around high-traffic areas in your house and they are an affordable way to add texture and sophistication to your interiors. Whether you opt for charcoaL, WPC, or PVC wall panels, they give an impression of luxury without breaking the bank. Installing panels in the living room or master bedroom can create focal points that prospective tenants love.
Moreover, enhancing your rental property with better lighting and well-maintained windows & doors can make a significant difference. Windows and doors serve both functional and aesthetic purposes, subtly signaling a well-cared-for home. Polishing dull wooden surfaces, replacing outdated fixtures, or simply fixing squeaky hinges can create a positive impression on tenants.
Energy-efficient windows and doors minimize air leakage and heat transfer, reducing energy costs by 7% to 15% annually. Double-glazed windows, for example, help retain heat in winter and keep interiors cool in summer, improving comfort while lowering utility expenses.
Lighting also plays a crucial role in transforming a space. Well-placed lighting highlights architectural features, artwork, and decor, enhancing a home’s overall appeal. Replacing dim or outdated fixtures with energy-efficient LED lighting not only improves aesthetics but also attracts environmentally conscious tenants.
Upgrade the Kitchen for Maximum Appeal
The kitchen is often a major deciding factor for tenants. A few affordable upgrades can significantly enhance its appeal. Installing sleek cabinet handles, replacing old faucets with modern ones, or even adding a stylish backsplash can elevate the space without a hefty investment.
Consider painting kitchen cabinets in subtle yet inviting shades like sage green,or soft gray to create a modern look. Adding under-cabinet LED lighting enhances visibility and adds a touch of sophistication. A well-organized, visually appealing kitchen can leave a lasting impression, increasing the likelihood of higher rent and long-term occupancy.
These simple upgrades contribute to a more attractive, comfortable, and energy-efficient rental property, making it easier to secure long-term tenants and justify higher rent.
By making these cost-effective upgrades, you can go for all or only a few upgrades from the ones listed above which might cost about Rs 30,000 and it gives you a chance to command over Rs 5000 extra in rentals translating to Rs 60,000 per annum.
It is authored by Amit Agarwal, CEO & Cofounder of NoBroker
The views expressed in this article are those of the author and do not represent the stand of this publication.