If you plan to purchase or build a property that will be used as a furnished rental home, one of the major decisions that you must make relates to decor. As you’ve probably seen online, many investors use professional decorators and brand new furnishings. If you’re trying to decide whether professional decor for furnished Florida rental properties makes a big difference, this information may help.
Factors Influencing Rental Rates
In the Florida real estate market, vacation rentals are very popular. Rental rates depend on a few things:
- Community (and Available Amenities)
- Size of the Unit
- Condition and Decor
As you can see from this list, decor does make a difference. A professionally decorated and maintained vacation rental will fetch a higher rental rate than one that is not. Professional decor looks better in property photos and is considered a selling feature for many renters.
Your decor can also affect the type of vacation renters interested in your property. There are a mixture of people who visit Florida for vacation. Groups can include friends escaping to a warmer climate, families visiting local theme parks, or golfers enjoying one of the many beautiful courses in the area. Professional decor for furnished Florida rental properties will attract individuals who would normally stay at a hotel. Your property can be a great alternative to hotels if it offers the luxury of a hotel but with the added convenience of a home.
Deciding on Professional Decor for Furnished Rental Properties
The cost of professional decor for furnished rental properties will certainly add to your up-front investment in a rental property. However, it also gives you the opportunity to charge a higher rental rate. You may even attract more renters who are looking for a hotel-like feel/experience.