Many condo owners with a property in Mexico rent their unit out when they are not using it themselves. It's a great way to finance a second home since rental revenue can often cover most of the operating costs. Furnishing a rental property is different from when you plan to use it exclusively for yourself and your family. Generally, when it comes to rental properties, the idea is to buy furniture that will give you the best return on investment. Here are some tips that you may wish to consider.
The primary objective of a rental property is to generate income. Your property must be visually appealing so that any pictures you present are sure to attract renters. Selecting the right décor style is essential. The preferred décor styles in the Bay of Banderas for rental properties are currently coastal, tropical, and mid-century modern.
Most renters prefer new, clean, and clutter-free properties. It is best to keep painted walls and large furniture in neutral tones. Add a splash of color with a feature wall and décor items such as pillows and throws. Rental properties with neutral colors book faster than those with an overabundance of color.
Avoid clutter. Do not cram the rental property with furniture and décor. Focus on purchasing critical pieces. If you have shelves in your bedroom closets, avoid buying a dresser. The more furniture you add, the more it costs you initially, and the higher the price for repair should it be damaged. Keep small décor pieces to an absolute minimum and look for items that will not break if accidentally knocked over.
Invest in good mattresses. Most renters prefer a medium-firm, coil mattress with a pillow top. Everyone remembers the place they stayed with a great mattress, and everyone remembers where they vacationed when they got no sleep because of an uncomfortable bed.
Another great buy is a waterproof mattress pad. Today's mattress pads are soft and made from a fabric that will keep your mattress stain and smell free. Buy more than one. Having two mattress pads and duplicate sets of linens and towels means less cleaning time required between the time one guest checks out and the next checks in. No one likes to show up to find their room is not ready.
Although colors are pretty, your best bet for linens including sheets and towels are white. Hotels use white for a reason. White is an elegant color, and whites do not fade. You can bleach them for cleanliness, and they can be washed with towels to speed up the time of cleaning between guests.
Glass tops help wood furniture such as tables and nightstands last longer. Eight mm of glass on top of nightstands, coffee table, and dining table will protect your furniture from scratches and condensation rings. Glass tops are inexpensive and will make your furniture look newer longer.
To keep upholstered items looking new, only purchase a sofa or sectional with a performance fabric cover. These fabrics repel liquid and are stain resistant. It is the perfect solution for rental properties since it repels suntan oils, creams, and sweat. A sofa or sectional is a big-ticket item. You want to ensure it lasts and looks good for as long as possible.
Invest in professional photographs of your rental property. You can take pictures with your smartphone to save yourself some money. Professional images, however, are more likely to result in full occupancy and the ability for you to charge higher per night rental rates.
Shop online at www.solutionsmexico.com to find furniture for your new home in Mexico. Or, join the Facebook Group: Mexico Furniture & Décor for inspiration, tips, and deals!