Decorating to rent to students
Many people look at the option of letting a house out in order to make more money. If you can get it right, it’s a great investment because you’re earning money while your house stands there, paying off the mortgage with the rent paid by your tenants. At the end of the mortgage term, if you’ve got it just right, your tenants should have paid off your mortgage for you, leaving you with some extra cash in the meantime and a house.
However, when it comes to decorating a house for renting, especially for students, there are a few things to avoid, and a few things to make sure you do.
We say students, because students are ideal tenants. They’re not in the property all year round, allowing you access for maintenance, and you can charge them more because of the multiple occupancy.
So when decorating for students, remember that they are young, they’ll have parties, and those parties can impact your furniture. So keep your décor cheap, your carpets cheap and your furniture cheap.
Students also need their privacy, so locks on the bedroom doors would be a good idea, and as many en-suites as you can manage. You should also work on the assumption that every bedroom is worth more money to you, so if you can get an extra room out of a three-bed house, you’re more likely to let it, and for more money.