Whether it's your main livelihood or a source of passive income, renting out a property can be incredibly lucrative. However, the process starts with knowing the basic rules of leasing a property, including complying with local regulations and rental laws for crucial aspects like security deposits, housing codes, and contracts.

Once you've taken care of the legal part, it's time to prepare your property and ensure it's attractive to high-quality tenants. One effective way to do so is by adding furniture, whether your goal is to offer a semi-furnished property to families or provide a fully-furnished rental for single tenants looking for convenience. So, here's a brief guide on the essential furnishings that maximize the appeal and value of your rental property.

 

Prioritize Versatile and Durable Furniture

Regardless of the square footage in your rental property, it's best to go for furniture that can serve multiple purposes to maximize the entire space. So it is worth considering buying sofas and sectionals as you'll be able to access a wide range of versatile pieces for every corner of the apartment, as they can provide extra seating while also serving as storage solutions. Some products like the Dante 3-Piece Sleeper Sectional not only convert to a bed but also feature a storage chaise where you can hide pillows and blankets. Besides looking at the items' aesthetic appeal, remember to invest in durable and long-lasting fabrics and materials, which you can conveniently check on the furniture website's product page and information section.

 

Choose a Neutral Color Palette

When choosing a color palette for the furnishings, it's always practical to go neutral to save time and money on redecorations and simultaneously cater to a broader range of tastes. Fortunately, there's a way to make neutral color schemes look warm and inviting instead of boring. As illustrated in the linked lookbook, you can contrast dark-stained wood furnishings like bookshelves with the warm hues of walls and floors for visual interest.

 

Consider Statement Pieces

While choosing neutral colors and materials allows you to mix and match furniture easily, it doesn't hurt to consider adding statement pieces to catch potential tenants' attention and make your property more appealing and memorable. One way to do so is to go for unique textures and materials, such as a coffee table made of marble or granite instead of the usual wood or glass. Alternatively, seating furniture like sofas and ottomans can come in exciting shapes and styles to make the room look more vibrant.

 

Don't Forget About Lighting

Besides the usual furnishings like couches, tables, and desks, you mustn't forget about light fixtures. They help create a more cohesive look and illuminate the space, which is especially crucial for smaller properties with little to no natural light. An ELLE article guides you through illuminating a living space using fixtures like white paper lamps, lanterns, and pendant lights. You can supplement daylight with light shafts or vintage sconces in the kitchen, living room, and corridors.

 

Overall, remember to make the furniture across all rooms – such as the bedroom, living room, kitchen, and dining area – functional to cultivate a comfortable living space for potential tenants. It also helps to create a mood board to gather inspiration and make the process of adding furniture pieces less overwhelming during the entire property management journey. Continue reading the blog posts here at Boston Apartments for more tips and guides on renting out your property and finding high-quality tenants.