| How the right paint colours can maximise your rental yield |
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From bland to bold: how the right paint colours can maximise your rental yield.
Attracting high-paying tenants in London's competitive rental market can be challenging. However, the key to a higher rental yield may be as simple as choosing the right paint colours! Forget bland beige and be bold with colour - strategic pops of colour can transform your rental from ordinary to luxury-inspired, attracting high-quality tenants willing to pay a premium. When painting a rental property, timeless neutrals are still a safe bet. They create a clean, fresh, airy, and modern feel, ensuring high demand. Here's why neutrals win: - Wide appeal: They easily attract a broad range of tenants.
However, if you're aiming for premium appeal and want to maximise your return on investment, consider a strategic pop of colour or even a bold statement room. They create a more luxurious, designer-inspired feel that attracts discerning tenants willing to pay more for a unique and sophisticated space.
But what are the top colour choices for either option?
Top neutral choices:
- Off Whites: "Subtle Ivory IV" by Dulux is an excellent choice for a bright and airy feel.
- Light Greys: Consider Farrow & Ball Ammonite or Cornforth White a touch of sophistication while remaining neutral.
- Neutral Beiges: Farrow & Ball Skimming Stone is a great choice that appeals to a wide audience.
Why the neutrals?
- Warmth: Adds cosiness compared to stark white.
- Versatility: This goes well with many furniture styles.
- Hiding imperfections: Like other light colours, beige helps hide minor marks.
- Colour Trends: Look for beiges with greenish or taupe undertones, popular in London flats.
Go Bold for Premium Appeal:
- Off-Black Statement Wall: Create a dramatic focal point in a well-lit room like a study or bedroom. This adds a modern, dramatic touch and promotes focus.
- Jewel Tones: Emerald green or sapphire blue add a touch of luxury, while terracotta or deep ochre create a warm, inviting feel.
Check out the full video on M2 Instagram Page Remember:
- Sample colours on the paint before committing.
- A bold room is most effective in a cosy room like a study or bedroom or on kitchen cabinets when paired with neutral paint in other rooms.
- Opt for a matt finish paint to hide imperfections.
- Always use a high-quality scrubbable paint like Dulux Diamond Matt
- Seek expert help: Online consultations from Little Greene (£95) or Farrow & Ball (£140) can provide valuable guidance.
M2 Property can help you unlock the power of colour:
- Advise on colour choices based on current trends and your target audience.
- Source high-quality paint at competitive prices.
- Recommend trusted contractors to complete the painting job to a high standard.
- Manage the project from start to finish, ensuring a smooth and stress-free experience for you.
Contact M2 Property today! Let's create a rental property that attracts premium tenants and maximises your returns!
Date: 20/06/2024 - Author: Elliot Davis
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