Are you preparing to market your co-living investment rental apartment to prospective tenants? Then take note of this key tip: maximising your co-living spaces can help to increase your rental yield.
By utilising all spaces efficiently and using some clever tricks to make spaces appear larger, you can make your co-living unit more appealing to renters. Here are 5 easy tips and tricks to make your apartment look and feel more spacious.
1. Opt for neutral colours
The right colour palette for your apartment can give the impression of more space. White ceilings and off-white, neutral or pastel tones for your walls can make rooms and living areas appear larger and brighter. Paired with the right furnishings, neutral tones can make your apartment look more elegant and gives the space a light and airy feel. Avoid bold or dark colours.
2. Use mirrors
Mirrors can be used as a decorative accent and for practical purposes to check your appearance. They can also reflect your surroundings and can instantly make spaces appear larger and more open. Installing a mirror near a window can make a room look brighter as it reflects the light coming through the window. Or why not place one along a hallway? A large bathroom mirror also gives the illusion of a larger bathroom.
3. Make use of wallsÂ
A TV is a must-have for any living space and flat screen TVs are usually the norm these days. TVs also tend to be large in size and placing one on a TV console or cabinet will take up space. The solution? Mounting your TV on a wall will not only make it the centerpiece of your living room but will also free up floor space. You can also mount wall shelves or floating shelves for a streamlined look. The result is a sleeker-looking living area.
4. Choosing the right pieces of furniture
Bulky furniture can take up not only floor space but also make a room look more cramped. Instead opt for sleek pieces which give the illusion of openness such as coffee tables and sofas with exposed legs or open bookshelves. You can also consider investing in multi-functional furniture that can be used for dual purposes. That could mean an ottoman with storage, an extendable dining table, pull-out couch or a lift-up coffee table with concealed storage.
5. Clear the pathway
Make sure your furniture is arranged in such as way that your tenants can easily pass through. For instance, they should be able to walk easily from the bedroom to the living room or kitchen without having to walk around pieces of furniture. You can consider maximising space by consider pushing furniture against the wall.
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