Why and When to Renovate vs. Redecorate Your Property
Are you trying to decide between redecorating or renovating a vacation rental property
to upgrade it? Both options have benefits, and understanding which is best for your
property can significantly affect the overall return on investment. Let’s
explore how you can make the best decision for your unique rental!
When is a Renovation or Remodel Truly Necessary?
If your rental property’s floor plan isn’t functional, you need to move walls, plumbing, or
electrical systems, or you want to add new windows for more natural light, it’s time to
consider a remodel. A renovation is essential if you’re looking to improve the overall
structure of the unit and increase its appeal to guests.
What Will Be the Results of Your Renovation?
A renovation will give you a fully customized, feels-like-new rental property that meets
guests’ needs and preferences. You’ll enjoy improved functionality, increased property
value, and an up-to-date, unique space that stands out in the vacation rental market. To
get started, consult with a professional to assess your needs and create a detailed plan.
When is Redecorating the Home a Better Option?
If your rental’s layout works well, no plumbing or electrical systems need moving, and it
already has good natural light, redecorating is the way to go. Redecorating can refresh
your space without major construction, making it more inviting and stylish for guests.
What Will Be the Results of Your Redecoration?
A cosmetic refresh, including built-ins, wall treatments like millwork or wallpaper, new
furnishings, and updated decor, can be equally transformative. This approach enhances
the aesthetic appeal of your rental, making it feel fresh and modern. To get started,
consider your current decor and identify key areas for updating.
Final Thoughts
Deciding whether to renovate or redecorate your vacation rental property
depends on your specific needs and goals. A renovation is ideal for making significant
structural changes, improving functionality, and creating a fully customized space. On
the other hand, redecorating is perfect for enhancing the aesthetic appeal and
refreshing the decor without major construction. Each approach can significantly impact
your property’s attractiveness and value in the vacation rental market.
