The Business Blog: Choosing When to Renovate
Those in the vacation rental industry know that a beautifully renovated home is the key to attracting repeat guests. We know that choosing when to renovate can be tough – once you tackle the “when,” you have to narrow down the “what” and the “how.” We’ve narrowed down a few aspects of renovating to make the process a little easier.
A Fresh Coat of Paint
Painting your vacation home can take any property from outdated and worn to clean and upgraded! It’s no secret that styles change over the years; this goes double for paint colors. Over the last five years, styles have changed to a more neutral, coastal theme. This includes grays, soft blues, and off-whites. These clean and simple colors make a room feel larger, brighter, and cleaner. Even just repainting one room – like the living room – can give an immediately upgraded feel to your home.
Adding a new bedroom set or even a new couch can really change up your space! Additionally, updating your furniture regularly also shows repeat guests that you, the owner, care about your property. Regular guests appreciate you keeping your home in great condition! Also, purchasing specific pieces of furniture with a space in mind goes a long way. In a smaller living room, for example, you can opt for a smaller TV stand or wall-mount your TV instead of utilizing a bulky armoire to store the TV. Not only will this make your room feel larger, but it will also look cleaner and less cluttered.
The Kitchen and Bathroom
When it comes to costly renovations, the largest sum is sure to be spent in the kitchen and bathrooms. However, you will absolutely get the best return on your investment if you dedicate the time, effort, and money into these rooms. Transition your kitchen out of standard white appliances and laminate countertops for stainless steel and granite or quartz countertops. This will instantly take your property from average to top of the line. This also shows those repeat guests that the property is both high quality and well-cared for.
We hope you enjoyed our tips on choosing when to renovate your rental property. Meanwhile, are you interested in partnering with Southern? We’d love to welcome you to the family! Learn more about our property management services here, and how we can net you more.