10 Best Home Staging Tips
Beat Slow Rental Demand and Secure a Tenant by Staging your Property
The rental market has become more competitive and especially challenging when others are offering the same features, such as location, square footage, facilities, etc.
How do you attract more prospective traffic, fetch better rental value and more importantly, get over the slow rental demand for your property? You can make your listing stand out from the rest by styling and staging it!
10 Best Home Staging Tips
To Secure A Tenant
1. Select a room to focus when staging
If you are tight on a budget, save cost by focusing on one or two essential rooms that work with your budget.
“The key areas of focus are the Living area, Dining area and Master Bedroom. The living and dining areas are the parts of the house that you normally spend most of your time," said Lim Seng Jwee, the Co-Managing Partner at The Makeover Guys.
"These are also the areas you will normally see when you first enter into the property. The first impression of the property is crucial for prospective tenants, and these areas need to be well designed and furnished.”
2. Rearrange the furnishings
Save cost in the long run by selecting a timeless neutral colour for large furnishings. Avoid pushing all furniture against the wall just to create more space in the middle. Add mirrors instead to create the illusion of a spacious room.
3. Paint for a fresher look
Don't underestimate a fresh coat of inexpensive painting around the property wall. Use a neutral colour. Make the space more appealing by painting the wood trims around the doors and windows if needed.
4. Lighting can change the atmosphere
Replace all dated lights in the main rooms to create an inviting feeling and add special features by installing dimmers. Styling is possible with affordable lamps and integrated lightings above the cabinets.
5. Keep it polished, clean and deodorised
Less is more! Declutter and remove all unnecessary items in the property. Your potential tenant won't forget any pleasant smells from the scented candle or air freshener.
6. Draperies for a higher ceiling
Hang floor-to-ceiling drapery to create an illusion of a higher ceiling. White sheers are famous for its simple aesthetic, budget-friendly and allow enough sunshine in making the property appear larger.
7. Keep the space active
Breathe life into the property by keeping it active in the main areas. Turn on the lights, switch on the air-conditioner and television or music in a small volume. This will help tenants to feel comfortable and allow them to imagine themselves staying in the property.
8. Incorporate textures and colour
Create visual interest by incorporating a mix of textures. Add decorative textured pillows and fur throws to jazz up a plain couch. You can add a fun element with a considerable amount of colour in the space. Make sure it fits the tenant profile, and a colour coordinated room is generally favourable.
9. Simple & creative centrepieces
Arrange simple decor pieces on the coffee table and go easy with affordable options like small plants, candles and stacked hard-cover books. A general decorator rule-of-thumb is to keep the objects in odd numbers -- 3 or 5 items.
10. Spruce up the main bathroom
Create a chic & inexpensive boutique bathroom by arranging soap, hand lotion, hand towels and house plants such as a Snake Plant or Philodendrons. Create interest by adding unique decorative pieces.
Staging on a budget
The rental market is competitive, and you have to set your property apart from the rest. Secure a tenant by staging your living room for as low as RM3,000.
Be a smart buyer and compare prices from different retailers or suppliers. You may find a bargain price for good quality items. Keep yourself updated with the latest interior decor trends to avoid costly mistakes.
Chart by Property Hunter.
Chart by Property Hunter.
Gain a competitive advantage by getting your property professionally staged
Take a look at the fantastic work by The Makeover Guys. They help property owners to secure tenants and maximise their rental potential through tried & tested designs, budget-friendly strategies, and useful market insights. Investors need not worry about clashing designs because it will be different with a surprise element. Check out more real-life success stories here, here and here.
“We have completed nearly 3,000 units of makeovers over the past few years, and they are consistently seeing their staged properties renting for 10% to 30% higher than asking market rental,” said Lim Seng Jwee, the Co-Managing Partner at The Makeover Guys.
Tips and advice for investors who are planning to stage their properties
“Property is an investment, and the money spent on furnishing is also an investment, it is not a cost. Hence, it is crucial to invest the right amount of money to furnish up your unit according to the target tenant profile and property class. Speed is a crucial key factor to maximise the return on investment. Each day counts and a delay means loss of rental income.” advised Seng Jwee.
Home staging package with The Makeover Guys
“We provide cost-effective makeover solutions to maximise the return on your investment; a one-stop solution for investors, including insurance coverage for damages by tenants, 12 months warranty on our work and assisting you in finding tenants if required.” Seng Jwee added.
Thinking of getting your property staged by a professional? Get a cost estimation from The Makeover Guys and their friendly team would be glad to help you! To know more about them, click on their website, Facebook page or Instagram.