The image source is Envato.
Staging is an important task that some property rental owners overlook or don’t pay much attention to. This is a mistake because it can improve your family home rental financially by investing in the aesthetic of the living space.
Helps You Stand Out
The internet has made it easy to list a rental, which is great for your family, but it has also made it easy for everyone else. There is so much competition online; you have to figure out how to stand out from the crowd. If you only put one picture in your listing, this won’t appeal to potential renters and they will likely move on in search of a listing with more photos. Renters have a lot of options online, so you want to hook them right from the beginning. One of your best hooks online is staging, because it makes the living space more appealing and will bring excitement. On top of that, you need a good photographer to help you capture the work you put into staging your place.
Improves Your Value
Most experts, especially teachers who might offer a real estate course or a more focused Airbnb course, will tell you that “owning real estate has been a path to wealth for many.” Still, just because you are renting a space, doesn’t mean tons of money will come to you without a little work on your part. Yes, properly staging your property is going to cost you some cash, but this also allows you to increase your property’s value. If your family home rental stands out from the rest, then you have a higher likelihood of being booked more often. Your path to wealth comes from owning real estate, but the only way to start moving is to inject that property with enough value to startup your momentum.
Keeps You Updated
One task you should do as a property owner is to adapt and update your home. This is not something you will have to do every year, but you should do it every so often. Keeping up with proper staging can help you figure out when your home rental might need a little touch up. It is easy to overlook this and let your home age too much. It can be much more difficult to get a dated home rented out because of the other options that are available. Many people want modern touches and want to feel like they are living in a home that keeps up with the times. If you modify your home little by little, it will also be easier to keep up. Don’t worry about completing a big renovation all at once. Instead, try to break it down into smaller projects slowly over time so it doesn’t cost you too much at one time.
Better Rent Numbers
Those who use a site like Airbnb to rent their property out also have to worry about making sure their numbers are good. Potential renters love to rent from places other people have rented from and who have had a good experience. It tells them people like your place and that they will have a great experience as well. Popularity helps a place get rented quickly, so it is important to have visual appeal to attract potential renters. The better your place is staged, the more people are going to want to rent it.
Less Idle Time
One thing that could hurt you if you are trying to rent your place out is idle time. The longer your property sits empty, the more you will be losing. Bills start to pile up during this time, and you will have to pay things on your own. Making sure your home is properly staged ensures your place is rented quickly enough. No real estate expert will tell an owner their property will be rented 100 percent of the time because that is never a guarantee. What you are aiming for isn’t perfection, but rather an improvement of what you have got now.
If you think you can do better with your rental, then staging is the next step on your path. Consider hiring a designer to help you stage your property. This person should help highlight the aspects of your home that make it more appealing in order to ensure that your property is ready to be rented.
Article contributed by Rayanne Morriss – a freelance writer looking to share my work with online companies or blogs.