The different HDB rental schemes accommodate roughly 52,000 Singaporean households. For a variety of reasons, millennials prefer to rent rather than buy. Perhaps this is their first time living independently in a new neighborhood, away from their parent’s home. It’s also possible that it’s due to new job opportunities. Young couples, on the other hand, may choose to rent a condo while waiting for their BTO flats to be built. Renting a house is also the best option for expats and foreign students.
In the rental market, supply usually beats demand – which means competition among rental units is tough. In this post, we’ll give you a few tips on how you can properly furnish every room in a condo unit for rent to attract quality tenants.
Why does furnishing and decorating matter?
The thought of “to furnish? or not to furnish?” has probably crossed your mind if you have a unit for rent. Some landlords think that furnishing is not necessary while others think it is. How can you actually identify whether or not your property needs furnishing? The thing is, it depends. For units that are harder to appeal to tenants, a little makeover is essential. Sprucing it up with furniture and decorations will also make the house look appealing and more homely.
Your decision can also revolve around your target market. For students, expats, and young working professionals, moving furniture is a hassle. For couples who are waiting for their BTO flats, they may not be so keen on purchasing furniture yet. If you are targeting both long-term and short-term tenants, a fully furnished unit will likely attract them compared to unfurnished homes. On top of that, a furnished rental will help increase your rental yield.
When you plan to buy or rent furniture to fill in your rentals, create a detailed checklist of the items and calculate the prices. The rule of thumb here is to not blow up your budget.
You might be interested to read this blog: How Much Should You Spend on Furnishing Your Rental Unit?
How Should You Layout and Decorate Each room?
Knowing how big or small the room is, will help you figure out what type of furniture to place as well as how to layout each piece. Arrangement and decoration are important because these elements are what usually defines the house. How each piece is positioned can either make the rooms look spacious or cramped. First, you need to:
Measure the room.
Taking room dimensions will avoid you from buying or renting furniture that is either too big or too little for your space. It will also give you an idea of what items you should have so that you do not overcrowd the room.
List down furniture items.
Next, imagine yourself as a resident of the unit. What furniture would you require? Make a list of items that will be useful later on while deciding whether to buy or rent. Choose furniture items that are also within your price range. If you wish to rent, simply contact a reputable furniture rental company, pass down the list, and leave the rest to them.
Create a mood board.
Making the place look nice and visually attractive is a part of the process. While it is not required to hire an interior designer to design and decorate your unit, a simple and beautiful interior plan is something you should not disregard. Of course, this is something you can simply accomplish on your own. Since you have the room measurements as well as the list of furniture items, create a mood board and come up with accessories and décor items to include. If you decide to rent furniture at Singapore Furniture Rental, simply call our client service team and rest assured that we’ve got you covered from furniture to décor items.
Look for furniture.
Whether you are buying or renting, you have the choice of choosing which furniture pieces to include. Look for as many resources as needed because having many options allows you to properly determine which choice is the best. You may find furniture on Carousell, Shoppee, or Ikea. If planning to rent, feel free to browse our catalog of furniture right here.
Keep it simple.
When it comes to design and interior decorations, keep in mind that you are not decorating your own home. Maintain as much simplicity and neutrality as feasible. It’s not necessary to fill every empty area in your flat with furniture or accessories. Leaving free space allows the tenant to customize the rooms and include some of their personal styles into their new home.
Quick Tips for Furnishing the Spaces of your unit:
The living room is the most important area to furnish in a unit. To make a house livable, you need to add comfortable seating, armchairs, ottomans, and the likes. For families looking to rent a flat, the living room is the first thing that they would like to check out. Is it big enough for them? Is the seating comfortable and homely? Make sure that the space is not cramped. For living areas with limited space, stick to the basic items like a 3-seater couch, a coffee table, TV console, a bookcase, and a floor lamp.
Take note of the bedroom dimension when selecting beds to place in the bedroom. For the masters, opt for a queen-sized bed. However, see to it that the bed fits just right in the space. For the common bedrooms, it might be a bit smaller than the standard master bedroom. A super single bed might be appropriate. Furnish the kid’s room as well. Place two single beds, a side table, and a storage shelf.
To furnish the dining, select a dining table that’s big enough for the ideal tenants you want to live in your unit. If it is a family unit, select a dining table large enough to accommodate them. A 4-6-seater will most likely do. For a unit ideal for couples or students, a small 2-seater dining table works just fine.
Not all rental units have additional room for a home office. But since a lot of people are working from home, having extra space or nook to set up a home office is considered ideal. Place a writing desk and an office chair for the home office area. Having this set up in your rental will attract students, young professionals, and even families who might need extra space for study or work.
You’ve got this.
Furnishing a rental unit does not have to be overly expensive or too much work. By planning everything out, from the budget to the list of furniture items needed, and up to the arrangement, you’re on a good start to transforming your rental flat into a place where your ideal tenants can stay for long and call the place their home. Planning to furnish your rentals? Rent furniture with us.