For today’s cash-strapped workers who are looking for a cost-effective way to save for a deposit and live in the location they love, houseshares are the ideal solution.
As houseshares are getting more popular, more and more landlords are reviewing the benefits of turning their property into a house of multiple occupancies.
If you’re looking to maximise your return on investment for your shared property, then marketing it as a home full of luxury executive rooms to rent.
Read on, and we’ll share some tips on how to market your houseshare as a luxury property and earn more money per head.
Add Additional Amenities
Tenants who are paying higher rent expect more from their rented property. As such, you should try to offer as many additional amenities and services as possible.
For example, you could consider adding appliances, such as a tumble dryer, coffee maker or ice machine to your property’s shared kitchen.
You could also consider offering a cleaning service for the communal areas, to save your tenants time and effort. Cleaning your own properties can be time-consuming, particularly if you have a large portfolio, so work with a team of expert cleaners. Ideal Cleaning can assist with the cleaning of your property’s communal areas to save you time and increase your chances of getting the best price for your rooms.
Incorporate The Latest Interior Design Trends
Many houseshares are filled with magnolia walls and beige carpets, as well as dated mouldings that the landlord hasn’t replaced since the 70s.
If you want your property to stand out from the crowd and look luxurious, then you need to make it look trendy and stylish.
Choose timeless styles, such as a classic signature wall, to make your property look fashionable for years to come. Hard-wearing but stylish furnishings, such as leather sofas and natural stone worktops, will reduce your maintenance and replacement bill whilst at the same time make your property appealing to potential tenants.
Use Professional Photos On Your Listing
When you’re advertising your rooms to rent, you need to make sure that you showcase them in the best light. If you take your photographs yourself, then they might not look professional or enticing. A professional photographer can create incredible images that will catch the eye and make your property look luxurious.
There are many benefits to working with a professional real estate photographer, so check out some of the experts in your area to find one who can help you.
Be Discerning When Choosing Tenants
If you want to attract more executives to your luxury houseshare, then you need to make sure that the existing tenants are reliable and professional people.
Check that every tenant is employed and that they have good references from their boss and former landlords.
By being thorough, you can increase your chances of finding trustworthy tenants who won’t cause trouble among the other residents of your property.
When you’re entering the houseshare market, it can take time to find quality tenants willing to pay a premium for a luxury room. These tips should make the process easier and give you some inspiration.