2019 Interior Design & Decorating Ideas For Property Investing

Jumat, Januari 11th 2019. | decoration, Tak Berkategori

Hi, welcome to my blog. And I teach people how to build a small property portfolio that generates a great income for them so they can give up their day job if they wish because they’re now financially free. So, I honestly think today’s tenants do expect a higher standard of interior design. And quite rightly so, to be perfectly honest with you. Take HMOs for example, also known as multiplets or houseshares. I don’t think that there is any doubt that in some areas of the country there is now an oversupply of rooms. And so, if you own an HMO in that area and you want your rooms filled, well, you’ve gotta offer something a bit better than the average, haven’t you? Otherwise, you’re not gonna be renting out your rooms. Take this room, for example. I mean, if you saw this advertised on SpareRoom would you dive for the phone? But with just a little bit of interior design, though you can turn this room into something really attractive, that’s gonna let, straight away. What about this one? There’s next to no thought that’s gone in here, is there? But choose some great wall colors, attractive fabrics and stage it with some contemporary furniture and it immediately looks completely different. Or this one. And don’t forget, if this is an HMO, this one room is really where the housemate is gonna be spending most of their time. But if you put some thought into the colors, if you think about the accessories, well, let’s be really honest. This is nicer than my bedroom at home. So, if we’re just focusing on HMOs, just for a moment. A well-designed room will mean fewer viewings because your rooms are obviously gonna be snapped up far more quickly, aren’t they? You’re gonna be able to get a higher rent. People will pay more for a better-designed room. You’re gonna have happier tenants. There’s gonna be fewer complaints. Plus, I’d suggest they’re gonna look after their rooms a little bit more if they’re kind of proud of the way that they look. They’ll stay longer which is gonna be fewer voids, because well, let’s face it, your rooms are the best in town. And if we’re talking about service accommodation, holiday lets, hotels, guest houses or whatever. Once again, you can charge just that little bit extra for that kind of boutique and that kind of higher end, designer kind of feel. You’ll have quicker and more sales by your online booking platforms, which is gonna mean fewer voids. You’re probably gonna get better reviews if it’s a bit of a designer place. Which is obviously, again, gonna lead to more sales. Plus, you’ll probably get repeat bookings direct with you rather than having to go through one of the booking platforms. So, therefore you’re not paying their fee. Which is gonna mean higher profits. What about new builds or kind of new conversions? Well, let’s be really honest. Most buyers have a quite limited idea when it comes to interior design, don’t they? Despite what they might like to think. So, make this a really easy decision for them by putting some real thought into the design. Help buyers picture how finished rooms are gonna look. And don’t forget staging furniture can be sold on with the house. Okay so, let me give you a few quick tips I think are really gonna help you here. So, my first tip is to put together a design palette before you start work. This doesn’t have to be too complicated but it will make your life so much easier and keep you focused on the colors and the fabric matching. My second tip is to use a soft sheen paint. Now , I know I’m gonna be shot down on flames for that but it’s just my view. I know everybody tends to like the matte finishes but they are much more difficult to keep clean. Soft sheen is one step down from a flat matte. And it does give you the ability to clean just that little bit more, I feel. My third tip is to look for inspiration online. If you type in contemporary design into Google, have a look at what comes up. You’ll see some amazing designs and they’re gonna give you the colors that they’ve used to create that effect. Check out some of the images on some of the Facebook forums. I always recommend people go and walk around IKEA. Okay, that may not be for everybody. But if you go around IKEA or if you, in particular, look at some of their smaller little flats that they kind of put into these places and go and check out what they’ve done there, it will give you some real design ideas. My fourth tip is to check out the Adobe Colour Wheel. Now, this is a fantastic little tool that will really help you nail down some complementary colors. Regardless of the kind of theme or look that you’re going for.  My fifth tip is to always stage your rooms. Honestly, a small investment in staging will reap huge benefits in terms of you’re gonna rent it out much more quickly, you can always let those tenant hang on to those bits of staging. Or you can keep them and then you can use them next time you wanna stage that next room. So, just do it. My sixth tip is to consider a little bit of training. Now, there are some great online courses out there on interior design. And some great classroom-based courses as well. And that could be really good fun. Plus, it’s a skill that you’re then gonna have for life. My seventh tip is to get a professional in to photograph the rooms once they’re all finished and staged. Honestly, I’ve made this mistake before. You will get one chance before those tenants move in and kinda wreck the place, figuratively speaking. So, make sure you bring in a professional who’s gonna light the place properly, stage it properly and get some really awesome photos. Have you checked out my completely free online property mini-course? That’s gonna teach you how to build a small property portfolio that generates a great income for you without needing to put in big deposits. quite a few tips from me, hopefully useful. and see you next time