In the Spotlight: Boost the Value of your Rental Property with Interior Design
Do you own a rental property and wish to optimise its value? For the investor, well furnished properties generally attract higher rents.
Furthermore the investment property stays in better shape. By keeping the purchased furniture in your apartment (give or take replacement pieces), there will be fewer scuffs and bangs on the walls from tenants constantly moving rental furniture in and out.
For these reasons Ferrari Interiors’ fully customised apartment packages are in strong demand. Designed, delivered and installed down to the last cushion. Bernie and her team can come onboard to assist with a single room or provide a complete turnkey fit out, from sourcing: homewares, furnishings, blinds, linen and white goods, to delivery, set up and styling.
When fitting out an apartment strong consideration is paid to where the investment property is situated. If the property is within walking distance of a CBD then it is likely there will be demand from both long-term and short-term corporate lets. This market segment generally requires a greater investment in the furnishings because of the style of tenant you are likely to attract. With this type of property it is recommended you provide everything from the sheets and towels to the cutlery and crockery. If you get it right, a furnished property in a suitable area can provide handsome returns.
Perhaps you’ve purchased in an area near educational institutions such as a university or a TAFE college. Here also, a furnished property may improve your chances for a good tenant and great returns. International students, in particular, are more likely to choose a furnished property over one that is unfurnished.
Furnishing an apartment will also provide additional tax benefits through increased depreciation that can be claimed against your income. It’s critical to discuss the impact of this with your accountant, who will be best placed to advise on whether this strategy will be beneficial to your personal circumstances.
To find out more about Ferrari Interiors’ Apartment Packages please contact Bernadette on 0417 088 602.
Ferrari Interiors’ fully customised apartment packages: