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Basic principles of apartment renovation for renting

This article discusses the basic principles of apartment renovation for renting, enumerating the key elements for a successful rental. It highlights the importance of focusing on the most important areas such as the kitchen, bathrooms, and common living spaces to create a good impression. It identifies the cost effective solutions to improve the apartment for renting purposes, such as painting, repairs, and minor renovation works. It discusses the benefits of such renovations by stressing the potential to attract tenants, thus improving financial returns. It further emphasizes the importance of properly assessing all the involved costs before starting any major renovation project.

Let’s say you are a happy owner of an apartment that you bought as an investment in the future to rent out. How to make repairs in such housing, so that later there would be no problems, and the tenants were satisfied? Our tips site will tell you about the basic principles of repairing a rental apartment.

Renovation of an apartment for rent

Before proceeding with the repair in an apartment intended for rent, you need to decide on the target audience of tenants. Who exactly will you rent out to? Students, young families without children and pets, daily tourists and business travelers or respectable businessmen who have come on business?

It is advisable to make expensive repairs only in the latter case, if you plan to rent an apartment for an impressive amount to people accustomed to comfort. In all other cases, especially if the apartment will be rented by the day, emphasis should be placed on the “hard-to-kill” finishes and furnishings.

In addition, you should not invest a lot of money in renovations if the apartment is located in a remote, non-prestigious area. Such housing cannot be rented out at a high price because of the location, that is, investments in repairs will not pay off.

Renovation of an apartment for rent

Let’s first decide that you cannot save on rough finishing and utilities! This part of the repair must be done immediately with the highest quality, as “for yourself”. You don’t plan to do major repairs every time you change tenants? So the floor screed, wall leveling, electrical wiring, sewerage, water supply must be done “for centuries”, for a long time. The outer shell will be much easier to replace if there is a high quality base underneath. Therefore, there are no peculiarities in the implementation of a rough finish, everything is as in a normal repair..

Important! Consider soundproofing to reduce the risk of problems with neighbors. Let it be. These are additional costs, we agree, but they will pay off if you come across noisy tenants.

Renovation of an apartment for rent

What else we don’t save on is plumbing, it will create a favorable impression of the apartment; potential tenants will definitely pay attention to the bath, sink and toilet bowl first of all. Let the plumbing be not the most expensive, why do you need design options, but definitely of high quality, from a manufacturer with an excellent reputation. Otherwise, there is a risk that, for example, you will have to change the faucets soon, and this is a loss of profit from rental.

Important! The risk of water leakage in rented apartments is quite high. Therefore, worry about additional and high-quality waterproofing of “wet” zones, and buy a washing machine exclusively with aqua protection.

Renovation of an apartment for rent

Now let’s move on to finishing. Here, an apartment for renting has differences from repairing for yourself. Here are the main tips and recommendations of designers:

  • Choose light shades, almost everyone likes them, and the apartment will seem more spacious. Don’t be afraid of white! It will be the easiest to update it and the impression of the apartment will be favorable.
  • On the floor there is a 32-grade laminate, commercial linoleum, ceramic tiles, quartz-vinyl tiles, about the pros and cons of which the portal wrote in detail. These are the most resistant, practically “indestructible” floor materials.
  • On the walls, wallpaper for tint or permanent paint that can be washed.
  • Plastic skirting board, economical.
  • Stretch ceiling. It is he who, in case of flooding by neighbors from above, will protect the rest of the finish, it looks beautiful at the same time, and serves for a very long time.

Important! The weakest point in finishing an apartment for rent is the outer corners. We strongly recommend that you protect them with plaster-recessed corners or aluminum strips..

Renovation of an apartment for rent

Now to the furniture. It may not exist only if you plan to rent an apartment to a family for a long time. We warn you that in this case it will be more difficult to find tenants! Not everyone is ready to move from hum to corner with their own sofa and wardrobe. In any case, you need a kitchen and a wardrobe, it is very desirable to save money, not under the order, but in a standard size.

Some owners save money and bring their own old furniture to the apartment for rent. The option has the right to be implemented, but in this case, at least update the facades, countertops, and upholstery so that the furniture looks presentable. Covers for upholstered furniture and mattress toppers on the bed are very desirable. This moment is especially relevant if you are not against pets and small children at your lodgers.

Renovation of an apartment for rent

The furnishings of the apartment that you plan to rent out for daily rent has its own nuances:

  • As many sleeping places as possible. Even in a one-room apartment, you can find a place for a bed and a sofa. It is clear that all the sofas are folding, you can even stock a couple of folding beds in the pantry in case a large company of visitors is staying with you.
  • Furniture with removable covers, curtains that can be easily machine washed, a minimum of the rest of the textiles to facilitate the cleaning process for each of the temporary residents.
  • A minimum of open shelves and small decorative items – along with carpets, which we recommend to get rid of altogether, these are the main dust collectors.
  • A kitchen with lots of home appliances and a huge refrigerator is not needed. Staying for a day or a couple of days, the tenants are unlikely to devote much time to cooking.
  • You don’t need a lot of wardrobes either, but we recommend taking care of the rack for an open suitcase.

Renovation of an apartment for rent

We state: apartment renovation for renting is almost always a fairly budgetary project, universal, aimed not at individuality, but at performing its functions. In such apartments you will not find parquet on the floor and designer furniture, bright decor and an abundance of cute little things. Everything is very practical, designed for a long service life and negligence on the part of temporary residents.

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Comments: 3
  1. Piper

    What are some essential tips for renovating an apartment with the intention of renting it out?

    Reply
    1. Noah Turner

      Some essential tips for renovating an apartment with the intention of renting it out include conducting thorough research on the market demand, considering the target tenant’s needs, maximizing space utilization, focusing on functional upgrades, using durable and low-maintenance materials, and choosing a neutral color scheme. It is also crucial to set a budget, prioritize essential renovations over cosmetic changes, ensure compliance with building codes, and hire reliable contractors for quality workmanship. Additionally, considering energy-efficient features, incorporating storage solutions, and enhancing curb appeal can increase the rental value and attract potential tenants.

      Reply
  2. Jaxon Palmer

    I would like to know what are the basic principles or key factors one should consider when renovating an apartment for renting purposes. What are some important aspects to focus on in order to attract potential tenants and ensure a successful investment? Is it more effective to prioritize the overall aesthetics or functionality? Any tips or advice on budgeting, choosing materials, or maximizing space utilization would be greatly appreciated. Thank you in advance for your insights!

    Reply
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