The beginning of the year is an ideal time for a fresh take—whether it’s a new gym routine, diet or, in this case, a new vibe for your renovation project. It never hurts to reevaluate your approach and inject your investment properties with a little vibrancy to attract potential home buyers.
Aspiring homeowners and tenants alike searching for a new residence all have a unique ‘wish list’ when it comes to the amenities they are looking for. A stylish touch here and there or a creative take on the interior décor could make all the difference between selling or renting your investment property or it lingering on the market for weeks on end.
For investors thinking about a property makeover to kick off 2023, the following design trends are a great start to get the creative juices flowing and may just attract buyers and renters willing to pay a premium rate for the right aesthetic.
In the aftermath of what has undeniably been a stress-filled past couple of years, many home buyers are anxious to rid themselves of the doom and gloom with uplifting, bright interior color patterns throughout their new home. This growing trend flies in the face of the past few years where more subdued tones were all the rage. While the concept of minimalism has dominated the headlines as of late, the interior design industry has undergone a notable shift from cold and sparse to warm and inviting. The new year is ushering in a dimension-friendly vibe that home buyers and renters are wanting to see in their new abodes. Landlords and investment property owners can cater to these desires by implementing a colorful statement wall or infusing the living area with vibrant furniture and lively wall art to accentuate the space during the staging phase.
While the sheer convenience of mass-produced factory furniture is undeniable (e.g. IKEA), buyers that have been cooped up for far too long indoor have begun to acquire a taste for more quality-infused pieces that are both more durable and easier on the eye. It’s only logical—the more time you spend in a given space, the more you want it to be comfortable and inviting. Landlords should consider swapping outdated cabinets or worn couches with high-quality alternatives. They will make a strong impression during showings and be a worthwhile investment in the long run-in terms of getting your property sold or rented within an ideal time frame and will last much longer than your run-of-the-mill cheap products.
As more awareness grows around issues like global warming and pollution, eco-friendly products and environmentally themed styles are becoming more and more popular amongst home buyers. For fix-and-flip projects, consider implement passive solar design schemes that utilize building materials produced to reflect or absorb sunlight or replace outdated appliances with more efficient models that save on energy usage. Landlords can also inject a green-friendly vibe by introducing more plants throughout the interior or dedicating outside space for a garden. This year has seen a resurgence in big, bold statement trees for interior décor. Quick-growing plants are a great option as well—it will take no time at all for a philodendron to infuse a counter or shelf with attractive greenery.
Speaking of new beginnings, consider a fresh alternative when it comes to funding your real estate investment ventures this year. Gauntlet Funding is a New York-based private funding group comprised of experienced and knowledgeable industry professionals who specialize in direct private lending and distressed asset financing. We can provide you with dependable access to the capital you need to close deal quickly and optimize your investment operations. Contact us today to learn more about how we can help you take your business to the next level!