In today’s luxury rental market, expectations are higher than ever, with tenants no longer just looking for aesthetics, but homes that fit with the way they view their lifestyle. Thoughtful functionality, modern convenience, and timeless design are all essential elements for today’s renters. Renovating with purpose is a key factor to commanding top-tier rents and attracting the right tenants. Read below for ways to elevate your property when looking to renovate.
Designing for Longevity
Renters in today’s luxury market are looking for properties with style and taste that will age well, and not just follow the latest trends that will go out of fashion or require maintenance. Look to integrate neutral tones and layered textures for a stylish feel, as well as natural materials like marble, stone, and wood that give an elevated feel. Avoid overly trendy finishes that take away from an authentic feel.
Functional Layout
Filling rooms with luxury appliances and features is wasted if the floor plan does not align with the functionality of the space. A beautiful kitchen is wasted if it sits in a poorly planned floor plan. Tenants are looking for spaces that are open but intentional, that define living, dining, and working areas, without sacrificing flow. To elevate spaces, look to integrate more work-from-home friendly spaces, and quiet bedrooms. Avoid creating busy spaces and look for thoughtful ways to utilize space such as walk-in closets, and utility rooms.
Amenities that Enhance
Today’s luxury tenants are looking for amenities that not only make their living experience easier, but also amenities that enhance their lifestyle. They are looking to make their living experience smarter, more efficient, and wellness focused. This includes features like smart home technology, EV charging stations, and built-in speakers create a smarter and more efficient experience. Rainfall showers, heated floors, and balconies or terraces with green spaces create a more wellness focused home.
Presenting with Purpose
Remodelling your property to suit the needs and desires of tenants is just half the battle when it comes to renovating your luxury property, as you still have to present your property and tell it’s story to the market. You shouldn’t be marketing your property like any other rental, your listing should feel aspirational and exclusive. Invest in professional photography and videography to convey the flow of the property, and use bespoke furniture, curated lighting, and tasteful art to showcase the character of the property.
Luxury Leasing Experience
The high-level of finish and class of the property should be matched by the same level of luxury in the leasing experience, with white-glove service. Look to elevate the experience with personalized tours, thoughtful follow-up touches, and digital resources highlighting all the various amenities of the building and unit, as well as community features.
We have an experienced team of property management experts and are always happy to help rental property owners with any questions. Contact us or call on 604 913 1000.
Renovating Your Luxury Property
In today’s luxury rental market, expectations are higher than ever, with tenants no longer just looking for aesthetics, but homes that fit with the way they view their lifestyle. Thoughtful functionality, modern convenience, and timeless design are all essential elements for today’s renters. Renovating with purpose is a key factor to commanding top-tier rents and attracting the right tenants. Read below for ways to elevate your property when looking to renovate.
Designing for Longevity
Renters in today’s luxury market are looking for properties with style and taste that will age well, and not just follow the latest trends that will go out of fashion or require maintenance. Look to integrate neutral tones and layered textures for a stylish feel, as well as natural materials like marble, stone, and wood that give an elevated feel. Avoid overly trendy finishes that take away from an authentic feel.
Functional Layout
Filling rooms with luxury appliances and features is wasted if the floor plan does not align with the functionality of the space. A beautiful kitchen is wasted if it sits in a poorly planned floor plan. Tenants are looking for spaces that are open but intentional, that define living, dining, and working areas, without sacrificing flow. To elevate spaces, look to integrate more work-from-home friendly spaces, and quiet bedrooms. Avoid creating busy spaces and look for thoughtful ways to utilize space such as walk-in closets, and utility rooms.
Amenities that Enhance
Today’s luxury tenants are looking for amenities that not only make their living experience easier, but also amenities that enhance their lifestyle. They are looking to make their living experience smarter, more efficient, and wellness focused. This includes features like smart home technology, EV charging stations, and built-in speakers create a smarter and more efficient experience. Rainfall showers, heated floors, and balconies or terraces with green spaces create a more wellness focused home.
Presenting with Purpose
Remodelling your property to suit the needs and desires of tenants is just half the battle when it comes to renovating your luxury property, as you still have to present your property and tell it’s story to the market. You shouldn’t be marketing your property like any other rental, your listing should feel aspirational and exclusive. Invest in professional photography and videography to convey the flow of the property, and use bespoke furniture, curated lighting, and tasteful art to showcase the character of the property.
Luxury Leasing Experience
The high-level of finish and class of the property should be matched by the same level of luxury in the leasing experience, with white-glove service. Look to elevate the experience with personalized tours, thoughtful follow-up touches, and digital resources highlighting all the various amenities of the building and unit, as well as community features.
We have an experienced team of property management experts and are always happy to help rental property owners with any questions. Contact us or call on 604 913 1000.