How to Maximize the Space of Your Rental Property
Many landlords and other property owners try all sorts of methods to increase the value of their property. It’s always advisable to do so as you can receive some excellent returns for minimal effort.
The same goes for the space in your property. There are many methods that you can use, many of which amount to fairly simple tricks that are always effective for renters.
Let’s take a good look at the best of them to enable you to maximize the amount of space your property has and thus increase your earnings
Hanging Things on the Wall
One of the main ways renters and others use to maximize the space of their property is to hang anything they can on the walls to free up the floor space.
The thing about this idea is that it’s quite easy to do and yet it’s so effective. Many things can be mounted – from smaller worktops to lights, nightstands, and much more. That way you won’t only effectively maximize space, but you’ll also make the property appear much bigger.
Less Space for Beds
Beds are an essential aspect of every rental, but they also might clog areas. The bigger beds are more attractive to your potential tenants, but there will be less space for other furniture. Keep the size in proper comparison to the room space, so it doesn’t hamper the flow of the area. You require a massive area for a king-sized bed.
The solutions here are several:
Murphy beds – many of which are quite modern and appealing today
Bunk beds – if you’re renting your space to millennials or other young adults, they’ll love the idea
Add containers beneath beds to save on space in other areas of the room
Now for some psychological tricks that always work. Many renters use the same colors that the bigger, bulkier elements have (wall-size storage units for example) for the walls as well. By making both the walls and the items in the room the same color, you create the illusion of bigger space as the two blends together.
Handy Tricks to Use
Try to make as many things in the rooms multifunctional by using them for different purposes. For example – instead of a couch, get a daybed; the dining table can serve for work purposes as well.
Strategize when planning the location of each element in a room. Position pieces of furniture in a way that will necessarily create smaller rooms within a room. If some rooms have angles, utilize them by getting furniture pieces that can fit into those asymmetrical places.
Modern electronics are getting smaller and smaller, and you need to use this to your advantage. Hang the TV and use its table as storage for books and movies.
It is only the tip of the iceberg of what you can do to maximize the space of your rental property, but it would probably take us forever to list them all. By using these here, you’ll achieve some favorable results and increase the value of your property. However, if you’re looking for more information, you may reach us at info@LLCPM.com.