With the rental market becoming a popular secondary source of income for property investors and owners, many first-time buyers find themselves tasked with the challenge of renovating their purchase to create a viable unit. Painting, plumbing, and all of the other aspects of a home renovation can be overwhelming without a clear guide to success. That’s why the team at Ashley Fine Floors has put together a two part list of things to consider when it comes to outfitting your rental properties with the best flooring options. Check out our top tips below:
3 Things to Consider Upfront
Before you get to work extensively planning your designs and layout, there are a few things you’ll want to have in mind from the start.
1. Rentals take more abuse than your typical property
As elegant as hardwood flooring may look, it may not be your best bet to stand up to the demands of tenant life. Rental properties are (unfortunately) subject to more wear and tear than the average abode. Planning ahead and choosing a flooring option that’s capable of withstanding the extra demand of tenants will save you time and money in the long run.
2. Remember your end objective
At the end of the day, the goal of a rental unit is to net a profit for the owner. Choose a flooring option that is not only stylish and durable, but also cost-effective for your space. Vinyl, laminate, and cork flooring all tend to be price friendly and able to withstand the high demands of rotating residents without the need for constant repair.
3. Understand the needs of each room
A key aspect of making sure your rental property is well-equipped is knowing the unique needs of each room. Bathrooms, kitchens, industrial spaces, and basements will have very different requirements then your typical living space. Be mindful of the necessity to waterproof and protect against other environmental hazards associated with the use of a certain space to prevent premature aging or damage.
Now that you know you a few of the basics to have in mind, part two will cover some more specific aspects of outfitting your rental unit. Stay tuned to learn more, or contact our team directly!