Elevate Your Investment Property with Scandinavian Interior Design Principles
Investment properties offer a unique opportunity to generate income and build wealth, but their design can significantly impact their marketability and profitability. If you’re looking to maximize the appeal and value of your property, embracing Scandinavian interior design principles can be a game-changer. I’ve put together some ideas for you to elevate your investment property to maximize your long-term return.
The Power of Natural Light
Scandinavian design places a strong emphasis on natural light, and for good reason. Sunlight not only brightens up spaces but also creates a sense of openness and positivity, which we all want in our homes. You can maximize natural light in your investment property by enlargening windows - if you’re happy to invest in that - or simply give smaller windows a light-coloured treatment to allow more light to flood in to the space. If your property is furnished, you can strategically place a large mirror on the wall to help the light bounce around - it will make the property look warm and inviting. Make sure to trim overgrown trees or bushes outside so that the windows aren't obstructed.
Quality Materials
In the world of interior design, Scandinavian values are synonymous with quality over quantity. When furnishing your investment property, opt for high-quality materials that can withstand wear and tear over time. If furnished, solid wood furniture and durable upholstery are a great investment. If the property is rented out non-furnished, consider well-constructed cabinetry and built-ins which may have a higher upfront cost, but will pay off in the long run by reducing maintenance and replacement expenses - we all open cabinet doors many times per day (at least if you’re a foodie, like me).
Keep it Elegantly White
This could divide the waters, I know, but hear me out.. Neutral colours are the hallmark of Scandinavian design - and for good reason. Whites, grays, and soft pastels create a timeless and elegant atmosphere that makes a space feel calm. This appeals to a wide range of potential tenants or buyers and while it may feel boring to some, white walls provide a blank canvas for personalization, allowing tenants to envision their own style within the space (you’ll see this trick used in real estate marketing all the time). At the end of the day, a rental is exactly that, a rental, and you want tenants to envision their personal items in the space.
Functional and Streamlined Spaces
Scandinavian interior design prioritizes functionality and simplicity. When renovating your investment property, focus on creating streamlined and practical spaces. Consider open floor plans to maximize space and functionality. Invest in multifunctional furniture pieces that serve more than one purpose, such as sofa beds or storage ottomans. And get sliding doors for the built-ins so the tenant don’t have to worry about the bedroom being big enough for a king sized bed. The goal is to make the most of the available square footage without sacrificing aesthetics, of course.
In conclusion, by prioritizing natural light, quality materials, and neutral colours, you can enhance the appeal and value of your property, attracting discerning tenants or buyers who appreciate the timeless elegance and functionality that Scandinavian design offers. Ultimately, this approach can lead to higher rental income or resale value, making it a win-win for both you, your investment portfolio and the tenant/new owner.
