Investing in furnished rentals and vacation homes can be highly profitable—if they are designed to attract premium tenants. To attract higher rents, your property needs to offer exceptional comfort, style, and functionality. Here’s how you can elevate your rental property to maximize income.
1. Invest in High-Quality, Stylish Furniture
Tenants are willing to pay more for a well-furnished space. Choose durable, stylish, and comfortable pieces that suit the property’s aesthetic.
Pro Tip: Neutral tones appeal to a broader audience, while small pops of color add personality.
2. Create an Inviting Atmosphere
Lighting, scent, and décor play a major role in creating a welcoming environment. Use warm lighting, fresh flowers, and subtle scents to enhance the ambiance.
3. Offer Premium Amenities
Luxury amenities such as high-thread-count linens, a coffee station, and high-speed Wi-Fi can set your property apart from competitors.
4. Stage for Stunning Listing Photos
Most tenants decide whether to book based on listing photos. Stage the home for professional photography, ensuring it looks clean, spacious, and inviting.
5. Keep It Functional and Clutter-Free
A furnished rental should balance style and function. Provide ample storage, comfortable seating, and well-equipped kitchens while avoiding excessive décor.
6. Upgrade Kitchens and Bathrooms
Modern, updated kitchens and bathrooms significantly increase rental value. Consider upgrading hardware, lighting, and fixtures to create a high-end feel.
7. Highlight Outdoor Living Spaces
If your property has a balcony, patio, or backyard, stage it with seating and decorative touches to create an additional selling point.
8. Maintain a Spotless Home
Cleanliness is key for attracting guests and securing positive reviews. Schedule regular deep cleanings and keep the property in pristine condition.
9. Incorporate Smart Home Features
Keyless entry, smart thermostats, and app-controlled lighting provide added convenience and attract tech-savvy tenants.
10. Price Competitively but Strategically
Research comparable rentals in your area and adjust pricing based on amenities and location. Consider seasonal pricing to maximize earnings during peak times.
Final Thoughts
By implementing these strategies, you can attract higher rents for your furnished rental, short-term stay, or vacation home. Creating a stylish, functional, and welcoming environment will set your property apart and increase profitability.
Ready to Enhance Your Rental Property?
Learn professional staging techniques through our courses at The Academy of Home Staging and Design and take your rental to the next level!
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