Investing in real estate can be an excellent way to earn passive income. If not, at least you have a property you can add to your list of assets.
Owning a property in the Philippines is considered a tall mountain to climb. Hence, getting a condominium unit might be an easy option if you want to invest in real estate.
It’s pretty cheaper than a house and lot, yet it can also give you property that’s yours and a home to live in. You can also turn your condo unit into a rental property that can be your source of income.
Choosing the right location also matters when it comes to real estate. Cebu is one of the bustling cities in the Philippines where one can get a condo unit as an investment. If you want to purchase a property in a commercial area, Avalon Condo in Cebu can be one of your best options. That’s because Avalon is in a prime location near the Cebu business park.
If you already have your unit, you might want to spruce it up to attract tenants. That said, here are seven interior design tips that you can follow:
First impressions count
Condo units can be a bit smaller than your typical house and lot. But despite its proportions, there are clever ways on how you can make it grand and remarkable.
Remember that first impressions count. The moment you enter your home, there must be something inside that instantly attracts the eyes. It could be a beautifully arranged flower vase in the foyer if you have one. Or it could also be a work of art that could well be a good conversation piece.
Whatever your preferences are, the most important tip is to give your unit a boost in design. You can do this by adding a centerpiece that will wow you and your potential renters every time.
Use color to your advantage
If you have limited space and wish to make it look and feel more extensive, you can use some color play to achieve the vibe.
Specific colors will trick your mind into thinking you have a comfortable space enough to move around freely. The trick is to go for the lighter shades. Paint your walls with white, beige, cream, or anything that exudes lightness.
Darker colors tend to close up the space, thus making you feel as if you’re stuck in an enclosed space without light. But even with that said, it doesn’t mean that it’s not advisable to use dark ones.
Hues like black, deep blue, army green, and even maroon can be used as an accent color for the whole apartment. The way to do it is to pick a spot in your rental property where you can add a different color and make it the one part that strikes your tenants the most.
Incorporate mirrors into your decor
Mirrors can do wonders for your space. It can create an illusion that your unit is a lot bigger than its actual size.
Besides, it’s also a significant design element to fit your aesthetic. If you’re into whites and browns, adding a mirror can elevate your minimalist setup and make it look more elegant. Such functional yet straightforward decors like mirrors can make your space even better and more beautiful.
Cleverly place them in areas that you would use the most so that the illusion is well utilized.
Learning how to move around with the tricks can give your property the value that it deserves. Rental spaces can be ordinary at times. But when you know how to play the game, you’d be a leader in the rental field.
Add thoughtful natural elements
Natural elements like plants, woods, and even a miniature water fountain can add personality to your house.
In condominium buildings, you don’t always get the best view. Sometimes you get to the other side of the landscape where other facilities get in the way of the scenery. But even if that’s the case, you can always use your imagination to spruce up your place with greens and natural tones that could liven up the home.
It’s a great addition to your space that could give your property a boost in value.
Update the flooring
If you’ve got yourself a new unit with standard flooring, you might want to update it by injecting your preferred aesthetic.
You can go with a different set of tiles or wood flooring (if that’s what you prefer) but consider the cost and the installation time.
Condo owners tend to overlook this part of the unit, especially if they intend to rent it out. But if you’re committed to upping the value of your property, even the flooring should be given equal attention.
One other way to improve the floor is to add carpet. It’s best for rental owners who are on a budget and don’t want to incur an additional cost but, at the same time, want to update the overall look of the space.
Revamp the kitchen and bathroom
The kitchen and bathroom are often the most used parts of a condominium unit. Sometimes, the kitchen even extends to the living area if the space is tight.
If that’s the case, you must prioritize revamping these areas of the property to make sure that it looks clean and pretty yet still functional.
You can start by organizing the drawers and cabinets. You can have them constructed in a way that doesn’t interfere with daily living but is also easily accessible.
Add plenty of storage
One of the vital parts of a home is storage. A small space isn’t an excuse for less storage. You can opt to invest in multifunctional furniture such as a couch that’s convertible to a cabinet or an accent wall with built-in drawers.
Playing around with the layout of your rental unit can give you more ideas on where to put most of your storage spaces. Your tenants would appreciate it, that’s for sure.
Don’t waste space when you can convert it into something practical.
Over to You
Rental properties don’t have to be dull. You have other ways to make your space more livable and earn excellent income for it. Luckily, you can make that happen when you follow the interior design tips listed above.