Decorating For The Rental Market (Planning)
One of the most important things when entering a new property (or a current property back into) the market is to make sure it has the right decoration. Failure to decorate according to the buying market can leave you property sitting empty for months and sometimes years to come. Below is a look at the planning stage of decorating a buy to let property.
Right off the mark you need to set a budget. Having a budget and sticking to it will keep your sanity and give you fall back if other things don’t go right the first time. Sticking to your budget can be hard, really hard, especially if your property has been empty a while and you are now at a stage of desperation to get tenants into it you might be tempted to spend that little extra on the nicer things – don’t.
Now comes a big decision, are you going to do the decorating yourself maybe with some help or are you going to get a professional in to do it for you. The first option is where many people start but after doing a few houses or apartments they soon realise that the time it takes to complete each one just isn’t worth it. It also brings the realisation to many that their skills just aren’t up to the job of decorating the way it should be done.
Planning the colour scheme should come next; well actually you shouldn’t really be planning that much here. You should be aiming to keep the whole thing as neutral as possible. Getting into the habit of doing this with every property is very important, you must not let your personal tastes influence the inside of you buy to let property … period. Choosing the wrong colour other than the basics will put many of your potential buyers off.
A side note here is to remember that you have to decorate your property to attract the right tenant. Failure to keep this in the back of your mind will result with undesirables offering to rent your property and the bottom line is you are running a business here and having non-paying tenants in your property will soon do you damage.
Now onto choosing those paints and materials, always go for long lasting hard wearing waterproof paints. Yes they will cost you a little extra but that will far out way the expense of redecorating the entire house again after the tenants have left because you used cheap paints and materials to start with.
The end of your decorating plan should be capped off with a nice list of everything you have purchased for the property. This is mainly to do with the paints and making sure you get the brand and colour noted down as well as where you bought it from. This will make your life ten times easier when you come back to do touching up and you have run out of paint. Now you should be well informed and good luck with your project.
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