How to furnish an apartment for a successful rental
In order for the property to be more attractive to the tenants, the owners must observe certain rules in furnishing and decorating them.
When people are looking for a rental property, there are two main criteria they choose: the location / if it is convenient to move to their place of work, a particular kindergarten, school or university / s interior. The tenants' requirements are already high and everyone expects to live in a comfortable and cozy apartment.
Landlords, in turn, want to get a higher rent. When a property is not in one of the preferred neighborhoods, its location can not be changed. In order to be more attractive to tenants, owners have to adhere to some important rules in furnishing and decorating.
Real Estate Portal Domaza has selected some of the main highlights of Holiday @ Home's interior design professionals' expert advice.
Colors
Whether you're painting walls, gluing wallpapers or redecorating the sofa, be careful with the colors you choose. People's preferences are different and that you like green or purple, for example, does not mean that they will appeal to your tenants as well. For this, it is best to choose more universal and unobtrusive wall shades, such as champagne, ecru, or light gray. More courage can be applied in the upholstery of soft furniture, but it is good to be neutral - dark brown, dark blue, graphite or black sofa, is one of the most practical solutions - create contrast in the room while being easy to maintain.
"If you think the apartment will be too simple, you can bring colorful notes with decoration - curtains, vases, pillows, desk lamps and paintings will refresh the interior and can easily be picked up or replaced by the tenants if they do not "said Dimitrina Todorova, manager of the interior design firm.
Furniture
Under no circumstances furnish the apartment you are renting with your grandmother's old furniture or the ones you have ejected from your own home. Although tenants, if they have a choice, everyone will choose the more modern interior. Furnishing is not necessarily luxury and expensive - many shops have profitable promotions and offers that allow up to $ 1,000, for example, to buy a new sofa, four chairs and a chest of drawers. The same applies to the bedroom, even with a mattress included.
"The dull furniture can always be refreshed with decorative pillows, chairs for chairs or interesting sheets and shawls. In case your home is small, choose the dual purpose furniture - a low and high table, a sofa - bedroom, and emphasize the light colors. It is important to make an appropriate selection of colors and patterns in the decor for each room. The bedroom, for example, must predispose to rest and relaxation, so the right shades are blue, pink, light purple and universal - champagne, peach, sandy beige. If the room is small, you can best stop the white, "Todorova adds.
Choosing a color in the nursery decor is much easier if you are guided by the gender of the child. In case we rented the apartment, we can not know it and it should be equally suitable for a boy and a girl. Holiday @ Home experts recommend the colors of the earth. The combination of warm brown, soothing beige and fresh green create a sense of coziness and touch with nature. Another option is the combination of light blue, yellow and white.
"Another room to pay attention to is the living room. In most cases, it is a "three in one" combination - at the same time it is where we sit in the evening in front of the TV or with a book in hand; the dining room where we eat and the kitchen where we cook. Sometimes, in addition, there is a working cabinet. Appropriate color solutions in the decor are blue, green, orange, yellow and dark purple. Some of them create a sense of more light, and others - for sophistication and energy," says the specialist.
The bathroom
Sanitary rooms should not look dirty and damp. If you do not have the option of replacing the tiles, there is an alternative option - PVC panels, which are installed much easier and faster, and do not have so many joints. easier to maintain and replace. In addition, the old apartments meet the so-called "Outlets". This is unacceptable for a modern home.
Dimitrina Todorova also says: "Try to mask as much as possible all the pipes and hoses in the bathroom and the toilet. If possible, let's have a formwork, if not - relax your imagination and resort to decorations. Colorful bath mats or stylish soap and toothbrush holders will add to the good impression of future tenants. "
The kitchen
Kitchen cabinets, fridge, oven and oven, extractor hood and washing machine - these are absolutely essential elements of furnishing a rental apartment. If you have older cabinets, ask yourself how best to refresh them according to the material they were made of. Whether you will repaint, varnish, or fold over and replace the handles - in any case they will look better than before.
"The kitchen is also a place where interesting and useful decorative elements can be placed. Interesting spice jars, salt and pepper in the shape of puppies or stylish kitchen utensils - the variants are very different. But this room should not overdo the details in order not to create the reverse effect of too many shapes and colors, "added the expert.
Flooring
You can not know whether your tenants will have children or not, whether they will keep clean or not. For this, it is best to stop flooring that is easy to clean and resistant. Do not overpass with carpets, because they collect a lot of dust, dander easily and are difficult to clean.
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Many of you probably ask this question when it comes time to change homes or purchase a new property. Why do I need an agency when there are websites show direct information from an owner?
Generally speaking, a real estate agent will save you time and effort, protect you from incorrect owners, and guide you seamlessly through the process.
How is a property sold?
When selling a property, it is important to consult a professional who can provide you with a housing market research and help you determine the market price of the property. It is also recommended to have a realistic description of the property to attract the attention of buyers, helping them to get oriented in its advantages.
How is a property tax assessment made?
The issuance of a tax assessment requires the submission of several types of documents, which you can request through a specialized portal for the provision of electronic services, with an application at the counter in an administrative service center, by e-mail or by post, electronically through the secure electronic delivery system.
How is the market price of a property determined?
The market price is determined by real estate professionals using the comparative market analysis method. The purpose of the analysis is to determine the correct price range in which to position a property when it is advertised for sale.
How is profit tax calculated when selling a property?
The profit from the sale of a property is not taxed when the home has been your property for 3 years. In all other cases, the difference between the sale price and the purchase price is taken into account when calculating taxes on the sale of a property. The income is formed on a tax base and this tax base is reduced by 10% of the legally determined costs.
How much is my property worth?
The surest way to find out how much your property is worth is to consult with a professional in this field. We at Unique Estates can help you by providing you with a reliable valuation that is based on in-depth market research by professionals as well as our own data acquired over the years.
How are the undivided shares of a property calculated?
For each independent property, the undivided shares are calculated using the following formula:
Undivided Shares (%) = (Built-Up Area/Gross Floor Area) *100
Where:
Undivided Shares (%) is the size of the common areas adjacent to the property.
Built-Up Area (BA) is the built-up area of a property.
Gross Floor Area (GFA) is the total floor area contained within the entire building.
How is a property boundary determined?
A property boundary is determined by filing a petition to fix the boundary between properties. In order to determine the exact boundaries of a landed property, it is necessary to carry out the so-called tracing. This means to mark various points, lines, planes or surfaces on the terrain.
How is rental income declared?
There are two options for declaring rental income. In the first case, if the tenant is an uninsured natural person, it is the responsibility of the landlord to declare and pay the applicable rental income taxes. In the second case, if the tenant is a self-insured person (or enterprise), the tax amount is determined and the tax is withheld from him/ her at the time of its payment.
How is a rental agreement prepared?
If you are considering renting out a property, your cooperation with a professional lawyer is very important. He will help you to draft all mandatory clauses of the agreement in accordance with the Obligations and Contracts Act (OCA, Articles 228-239) and the Landlord and Tenant Relationship Act.
How is a rental agreement concluded?
According to the Bulgarian legislation, a rental agreement can be concluded both in written and oral form. In both cases, the agreement is considered valid and has legal force. However, the choice of an oral agreement hides significant risks, mainly due to the difficulties in proving the agreed terms and conditions.
How to terminate a tenancy agreement?
When you wish to terminate your tenancy agreement, you must comply with the period specified in the agreement and give prior written notice. If you wish to leave earlier than this period, you must pay a penalty to the landlord.
What is a property management service?
The property management service releases the landlords from their responsibilities throughout the rental process and from the subsequent tasks of collecting the rent and monitoring the property.
How to sell a luxury property with Unique Estates?
Contact us and our team of experts will prepare a special Comparative Market Analysis to determine the correct market price and potential customers for your property. Trust our professional real estate consultants who will give you the right guidance on how to successfully sell your property.
How to make an expert appraisal of a property?
The first step in making an expert appraisal of a property is to contact a certified appraiser registered in the Chamber of Independent Appraisers in Bulgaria. For the process, you will need an ownership document, an up-to-date sketch or cadastral map of the property and other documents depending on the type of the property.
When market analyses and research are conducted?
Market analyses and research are conducted before making important business decisions, launching new products on the market, making investments, or expanding the business into new markets.
What does a market analysis involve?
The market analysis includes a complex analysis at several levels: general market analysis, industry market analysis, market analysis of an individual product. These assessments provide valuable data for informed decision making and strategic planning.
For whom can the real estate market analysis be useful?
The real estate market analysis can be useful for investors, home buyers, agents, financial institutions, property managers, end users, etc. It helps in making informed decisions and understanding market trends and property prices.
Where to post an ad for the sale of a luxury property?
Before selling your property, it is important to choose a consultant who will give you the right guidance on how to most successfully and smoothly carry out the transaction. Trust our professionals at Unique Estates, who offer complex services in the field of real estate in two directions - Premium and Standard.
Where to obtain a property sketch?
The first step in obtaining a property sketch is to check with the Geodesy, Cartography and Cadastre Agency (GCCA) whether the property falls within the territory with an active cadastral map. A check of the sketch can be carried out in any regional city in Bulgaria at the Geodesy, Cartography and Cadastre Office (GCCO).
How to rent out an apartment?
Renting out an apartment can be made both with the help of a real estate agency and independently. Choosing to work with an agency provides a number of advantages that can significantly accelerate the conclusion of a rental agreement.
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