Is it time for a refresh? Or perhaps you’ve just purchased a property that needs a facelift. Whatever the reason, it’s always a good idea to give a home a rental model every so often. Keeping your home looking fresh is part of what draws eyes to your listing, and ultimately guests. This guide explores how to get started on a rental remodel without breaking the bank.
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Why remodel?
Okay, but why spend the time, energy, and money on a rental model? Well, frankly, it’s all about first impressions. First, a newly renovated space looks great in photos. Whether you’re hiring an Airbnb Pro Photographer or doing the images yourself, how your property looks sets expectations from the moment prospective guests lay eyes on it. It’s the little things, right? Fresh paint on the walls, cool decor, and an overall welcoming vibe. When a guest stays with you, they remember the little details. When you remodel a space, you have the opportunity to reset the vibe. Ultimately, guests remember the vibe when crafting their reviews, whether they realize it or not. If the remodel leaves them feeling refreshed, warm and cozy, or just plain impressed, they’ll remember that feeling when writing a review.
Find your target audience
Like any industry, it’s important to know your audience. Think about who your property particularly appeals to. Is it couples traveling on their honeymoon? What about families with kids who might need child-friendly amenities? Perhaps you tend to host big groups of friends or family reunions. Figure out who your target audience is and find ways to cater your amenities and design choices to their needs and preferences.
Budget-friendly remodel ideas
While the phrase “rental remodel’ can still up some anxiety of dollar signs flashing, it doesn’t have to break the bank. A few small, easy fixes can go a long way.
1. A fresh coat of paint
It sounds simple, but a fresh coat of paint goes a long way. Choose neutral tones that can generally appeal to a larger audience. Update your lighting fixtures to go with the new look, and some fresh, clean walls will go a long way in your rental model.
2. Change out the bedding
Just like paint, sometimes bedding starts to feel old. Find some new quality bedding, and add little bonuses like a statement headboard and stylish throw pillows.
3. Update faucets or hardware
One tiny detail we often overlook is our faucets and hardware on our cabinets. The whole look of a space can be updated with just a quick swap. A new shower head, shower curtain, or mirror can take it even further.
4. Upgrade appliances
Remodeling your entire kitchen can be costly; that’s no secret. However, swapping out some old appliances one by one can be a more affordable approach. Further, a stick-on backsplash can be an inexpensive yet professional-looking way to elevate the cooking space.
5. Put light fixtures in your outdoor space
Enhance your property’s curb appeal by adding some outdoor seating, plants, and lighting. These simple touches can make a big impact and create a welcoming atmosphere.
6. Use Smart Home devices
Install smart home devices like a thermostat, keyless entry, and a security system for added convenience and safety. These upgrades attract potential guests and save you money in the long run.
7. Rent furniture
If purchasing new furniture is not within your budget, consider renting furniture that can transform your rental into a stylish and comfortable space. This option also allows you to swap out items regularly to keep the space fresh.
8. Add personal touches
Adding personal touches like local artwork, books, or guidebooks can make guests feel at home and give them a unique experience. These small details can also set your rental apart from others.
9. Choose eco-friendly options
Consider making eco-friendly upgrades to your rental, such as using energy-efficient appliances and installing low-flow fixtures. This not only benefits the environment but can also help you save money on energy costs from utility bills. In today’s day and age, eco-conscious rentals can be a big selling point for guests.
10. Spoil guests with extra amenities
Providing amenities like toiletries, extra towels and linens, and basic kitchen supplies can enhance the guest experience. These small gestures show that you care about their comfort and convenience during their stay.
11. Always use up-to-date technology
In today’s world, having reliable and updated technology is a must. Make sure your rental has strong Wi-Fi, smart TVs, streaming services, and other modern amenities to keep guests connected and entertained during their stay.
12. Choose versatile furniture
Furniture that serves multiple purposes can save space and money while providing convenience to guests. Select items that are both functional and aesthetically pleasing to cater to diverse guest needs.
How to choose the right materials
Renovating an occupied rental property comes with its challenges, particularly when it comes to maintenance. Choosing durable materials and finishes can minimize wear and tear, making your rental easier to clean and maintain.
Opt for materials like laminate flooring, which is both stylish and easy to maintain. In high-traffic areas, consider using durable fabrics for furniture that can withstand frequent use.
How to maximize your space
Space is often a premium in rental units, so maximizing every inch is essential. Use furniture that doubles as storage, like ottomans or beds with built-in drawers. Wall-mounted shelves can save floor space while providing additional storage for guests.
Keep the rental clutter-free by incorporating clever storage solutions. Hooks behind doors, baskets for miscellaneous items, and labeled kitchen containers can help keep things organized, making your rental property appear larger and more functional.
Final thoughts
As you can see, a rental remodel really doesn’t have to break the bank. Rather, it’s paying attention to the little details that can add up and make a big difference. With a fresh coat of paint and some updated touches, you’ll be raking in those 5-star reviews in no time.
Host Tools provides an automated, unified calendar for short-term rental hosts, allowing you to seamlessly list on all major channels. Start your free trial today!
