How to prepare an apartment for rent

How to prepare an apartment for rent

How to rent out an apartment? This is a question many people ask when starting to invest in real estate. We must remember that the correct design of a rental apartment determines how quickly you can find tenants and how much profit investing in real estate will ultimately bring you. To avoid the mistakes of a beginner rentier, it is worth remembering a few rules.

It is clear that in order to make money from renting real estate, you first need suitable premises. When you already have an apartment purchased for rent, you should consider the condition in which you will rent it out to tenants. There are several options:

It is clear that in order to make money from renting real estate, you first need suitable premises. When you already have an apartment purchased for rent, you should consider the condition in which you will rent it out to tenants. There are several options:

- you can rent an apartment unfurnished (but with basic kitchen and plumbing equipment, such as a sink, stove, washbasin, toilet, shower),

- the rental apartment can be furnished in a minimalist style (for example, wardrobe + beds)

- you can also choose full furniture and even equipment for the apartment (vacuum cleaner, dishes, bed linen).

Almost everything depends on the target group of your potential tenants.

One of the most important things to remember is that a property ready for rental should be functional and, as much as possible, versatile. It is necessary to create a space that meets the needs of different people, so that the future tenant can use it as a good base, material for arranging their own space.

Colors and finishing materials in a rental apartment

The apartment for rent should be decorated in neutral, light colors, which will suit many potential tenants. With this approach, it is easy to change the interior design and carry out a quick metamorphosis, just by replacing accessories, without incurring large costs. The material of the floors is important. To avoid frequent repairs or replacements, you need to choose materials that are easy to maintain and resistant to decay.

When decorating a bathroom, choose neutral tiles, because you won’t be able to change them quickly. You should not overdo it with the number of walls covered with tiles, but it is worth protecting all those places that are exposed to moisture. When choosing fittings or a shower stall, it is best to focus on quality rather than low cost. Remember that you are responsible for repairs and reconstruction.

Apartment for rent – functionality and space

As developers emphasize, most often small apartments are purchased for rent. Two-room apartments are the best on the apartment rental market. That's why their functionality is so important. The most popular are 30-40 meter apartments with a kitchenette and a separate bedroom. Such an apartment can be finished relatively quickly and inexpensively and can be easily rented out.

Small space needs to be used optimally. You should provide sleeping space in both the bedroom and living room. You also need to remember to have as much storage space as possible. A good solution is a built-in wardrobe in the hallway. The kitchenette should have many cabinets to accommodate all the necessary equipment and ensure its normal use. A table is recommended, but if it will take up too much space, you may want to arrange the dining space differently. A proven alternative to a table would be a kitchen mini-island.

Apartment for students

How to register an apartment for rent to students? It would seem that preparing a so-called student apartment requires the least amount of effort. However, you should always remember that a “cheap” room may not be decorated according to the latest fashion trends and may not necessarily have modern appliances (for example, a dishwasher, electric oven), but dirty, shabby walls, mold in the bathroom and stained carpets do not will please even residents with low requirements. If this is exactly what the apartment you intended to rent looks like, renovation is simply necessary! The return on investment in renovations will come sooner than you expect.

It is also unacceptable to buy a new apartment and equip it (in order to save money) with used trash collected from other apartments, from family or from the basement. This behavior may lead the tenant to believe that the owner will haphazardly resolve all issues during the term of the contract. Therefore, before you start offering your apartment to potential clients, it should be brought into a relatively aesthetic state, which, of course, does not mean huge financial costs for repairs.

The cheapest furniture, such as a bed from a furniture store, will be better than grandma's shabby but elegant bed. If you are too frugal and careless, your tenants will not feel obligated to pay rent regularly.

Many stores in the market, such as the IKEA and JYSK chains, offer very cheap furniture, usually for student renters. If you have a new apartment and want to rent it out to students, then purchasing such simple and cheap furniture would be a good idea. Simplicity tends to appeal to many people, or is at least neutral. It is also a good idea to equip your student apartment for rent with a refrigerator, stove (not necessarily with an oven) and a vacuum cleaner. A washing machine is also welcome, but it is not a necessity - many young people take their laundry home to wash or use public laundries. If you don't have the money for a new stove and oven, a microwave is an inexpensive alternative.

Many household appliances can be found very cheaply through online auctions or online advertisements (eg Gumtree, Olx). However, you should not buy junk and antiques, which consume a lot of electricity. Uneconomically operated old equipment can lead to a decrease in your profits. For students, Internet access is more important than television and cable. You can completely abandon the TV and landline telephone, but access to the Internet is a necessary element of apartment equipment.

Apartment for rent to corporate employees

Simplicity and elegance are suitable for corporate clients, that is, employees of international companies who are looking for an apartment for several to ten months. The interior of a rental apartment cannot be binding, much less reflect our own preferences and tastes. The most important thing is the needs of your future tenants.

How to arrange an apartment for company employees? Cheap finishing materials and interior decoration will definitely not be appreciated here! Repairs may be required. This type of tenant appreciates modern and tasteful solutions. Even any wall decorations, such as paintings, should be chosen in neutral classics. Anything controversial should be rejected, since tendentious decor can scare off this group of buyers. Also, the colors of furniture and walls should not be too bright or too dark. Light colors enhance the interior; it is best to choose a light color, both in terms of furniture and wall color.

Company employees are more demanding tenants than students and young couples, but this does not mean that gold door handles should be installed in the premises. Mid-range branded household appliances should be sufficient, provided that they are new or kept in good, and most importantly, clean condition. You also need to think about the room/work area - a comfortable desk and chair would certainly be useful for an employee of a large company. In this case, you can look for bargains - some chain stores hold promotions, for example, on leather chairs at the price of ordinary “ecological” chairs.

Equipping an apartment for rent

As in the case of a new apartment with old equipment, the opposite situation will not bring the desired results. If you offer a client an apartment with a high standard of equipment, but located in a run-down building or a place with a bad reputation, this will not lead to an increase in rent.

You should also avoid small decorations such as vases, figurines, napkins, because taste in such little things varies greatly - let the tenant furnish the apartment according to his preferences. Unnecessary trinkets can become an unwanted, additional problem for the tenant - in the worst case, due to lack of space, the tenant will throw them out or take them to the basement. It is unacceptable to leave personal photographs in frames in a rented apartment. The tenant does not necessarily want such elements to remind him of the owners every day.

Furniture for a rented apartment does not have to be expensive. However, it must be solid and stylistically consistent. When arranging the interior, you should be consistent. When choosing furniture for your rental apartment, choose furniture in neutral, timeless colors. When purchasing an apartment for rent from a developer, you should take advantage of the offer on interior decoration or other solutions useful in furnishing the apartment. It's worth thinking about. Of course, you can try to rent out an apartment with only a kitchen and a bathroom, but this may weed out those potential tenants who do not have their own furniture.

How to arrange an apartment for rent for single or young families?

The two groups of tenants described above - students and corporate employees - prefer apartments that can be moved into immediately. However, for singles, singles or newlyweds, an unfurnished apartment can be an advantage, especially if they want to stay with you for a longer period.

Often, renting an apartment after graduation and looking for a first job is the next step towards gaining independence, and therefore young residents will want to bring their own furniture and even household appliances to their new apartment. If you are the owner of an empty apartment, you can always negotiate with future tenants. If the tenant wants to buy his own furniture and furnish the apartment himself, you, as the owner, can reduce the monthly rental rate taking into account the price of new equipment (preferably based on the store's sales receipt).

How not to equip an apartment for rent?

There are several cardinal mistakes that new investors most often make. Sometimes this is the result of ignorance, lack of professional support or simply a low budget. In such situations, patterns can lead astray and make it difficult to rent out an apartment that was supposed to be your additional source of income.

Don't give in to temporary fashion. This is especially true for bathroom and kitchen furniture. It is better to avoid the cheapest finishing materials and equipment. Damaged furniture will look unsightly and will have to be replaced again to attract tenants. An apartment for rent is not a storage place for things you don’t need. There is no point in cluttering it. You should also avoid copying new products in interior design. Every season they are different.

Which rental properties are worth investing in?

When choosing an apartment to rent, choose one that is functional and in a good location. When renting out an apartment, create a cozy place where you or your friends could live. Such properties will certainly satisfy the needs of a wide variety of tenants.

The key to success when preparing an apartment for rent is, of course, cleanliness, aesthetics and simplicity. Any oddities rarely lead to significant profits.

Materials used from the site rynekpierwotny.pl

If you want to rent out your apartment or house in Poland, our company OKEASK will be happy to help you with this. Call us +48 574 672 833 ( WhatsApp , Viber , Telegram , Facebook ) or email [email protected] and your property will find its tenant.

If you want to rent an apartment or house in Warsaw or the suburbs of the Polish capital, we will be happy to share our data bank of rented apartments:https://okeask.com/ru/vid-nedvizhimosti/arenda-kvartiry and houses: https://okeask.com/public/en/property-category/arenda-doma.

Good luck to you!