A Guide To Interior Design For Buy To Lets

Buying up properties, fixing them up and then renting them out can be a great moneymaker and an enjoyable process when you plan and execute it well. If you are a first timer to buying to let though it can be tricky as there are many pitfalls, which can turn your investment into a nightmare rather than a winner. If you are considering remodelling a property with a view to renting it out then this is the guide for you.

Budget

It’s vital that you plan your remodelling and set a realistic budget for it to ensure you make a profit in the long run. It’s a fine balance when it comes to budgeting for your interiors and any necessary renovations. On the one hand you will want any changes you make to remain in fashion and good condition for as long as possible so you don’t have to remodel again in the near future. This will naturally cost you a little more money in the present but could save you some in the future. Then there is the temptation to skim a little in the interiors to keep your budget as low as possible however this could impact on the appeal of the property for potential lodgers which could negatively impact on the amount of rent you can charge.

This is a tricky situation for landlords but my advice would be to make your interiors as high in quality as possible as this will save you money and hassle in the long run and allow you to rent out the property quicker and for a higher amount. You can then aim to save money in other ways to compensate.

Do It Yourself

So now that you are going with long lasting quality interior let’s look at some areas where you can save some money. The main area where you can make some of your budget back is to do as much of the labour involved in the remodel yourself. If you are naturally gifted at DIY or specialise in a trade then you are at an instant advantage and you can save yourself money on not having to outsource much of the remodeling work. If however, you don’t have much skill or experience with this sort of thing there are still ways for you to do it yourself. Painting, for example is something that you can learn to do yourself and as long as you protect everything and clear the room you can’t go too far wrong. You can also learn how to put up shelves and mirrors, lay wooden floors or carpets and leave the more complicated stuff like plumbing or electrics to the professionals.

A good tip to remember is to forget about fiddly things such as wallpaper for rental properties, it can be hard to put up if you don’t know what you’re doing and easily damaged which means that it will have to be replaced pretty regularly so stick to paint in every room. You will probably find that you can do most of the interior work yourself and it will cost you more in time than money, which is fine when you have a budget to stick to.

Focus On The Rooms That Sell

You’ve probably heard the old adage that kitchens and bathrooms sell houses and it remains true within the rental market as well. These rooms are often the one’s that will stick in the mind of a potential client so it’s worth investing a little extra effort and budget into these rooms. When it comes to the bedrooms people are looking more at their size than anything else so you can get away with basic flooring, a wardrobe and a coat of paint for them leaving you with more time to spend on sprucing up your kitchen and bathroom. Focus on the key fixtures such as taps, the shower, modern tiling and there is a lot to be said for going the extra mile when it comes to kitchen appliances. When it comes to these rooms it’s the little things that will catch the eye and make all the difference to a potential tenant.

You May Also Enjoy

Marketing

How to Generate more Estate Agency Property Leads

There is said to be over 50,000 estate / letting / auction agents across the UK, a figure that has remained relatively steady over the last few years. With over 7,000 in London alone, the industry of selling and renting property is undoubtedly well serviced with no shortage of options for consumers to chose from.…
Read More
Breaking News

UK’s Housing Crisis Deepens as 1.4 Million Homes Sit Unbuilt

Cornerstone Tax reveals that 19% of tenants have been forced to move five times in less than five years due to landlords exiting the market David Hannah, Group Chairman of Cornerstone Tax, urges the government to focus on addressing the wider housing affordability crisis by incentivising landlords The government’s plan to develop 12 new towns…
Read More
Rightmove logo
Breaking News

Rightmove House Price Index: Price growth slows as stamp duty deadline looms, but activity remains robust

The average price of property coming to market for sale rises by 0.5% (+£1,805) this month to £367,994, a muted price rise for this time of year as new sellers lower price expectations, due to the looming stamp duty deadline and high competition: The number of available homes for sale is at a 10-year high,…
Read More
Marketing

Attracting the Right Buyers: Digital Strategies for Real Estate Agencies

Okay, let’s talk approximately how real property companies have promoted houses in recent times. It’s not as adored as it used to be! They cannot just place up a signal and expect human beings to be exposed. We stay in a virtual world, and that means they want to use smart online strategies to locate…
Read More
Breaking News

Rise in no fault evictions

No fault evictions have risen according to the latest data published by the Ministry of Justice. Property disputes lawyer says “some landlords are unwilling to wait for the new Renters’ Rights legislation and are choosing to leave the market” Landlords can apply for an accelerated possession order if the tenants have not left by the…
Read More
Love or Hate Rightmove
Breaking News

Rightmove Weekly Mortgage Rates – 14/02/25

Rightmove’s mortgage expert Matt Smith says: “It’s another week of average rate drops, and the response from the market since the Bank Rate cut has been positive. We hope to now see a sustained period of mortgage rates trickling downwards to lead us through the Spring selling season.” On the first sub-4% mortgage rate Matt says: “The…
Read More