With property investors ruling the roost when it comes to purchasing property in the UK at the moment, many landlords are finding that they are no longer confined to the lower end of the market. As rental prices across the country soar many landlords are now purchasing property insurance for landlords on additions to their portfolios and suddenly the luxury end of the market is becoming available to them.
Get things right
It is extremely important for new entrants into the top end of the market to get things right in terms of décor and furnishings (the top end of the market is more likely to provide furnished accommodation). If you plan to rent out a property for luxury tenants or renovate it on a high budget, here are some ideas.
Flooring
Choose quality real hardwoods such as oak, walnut, maple or pine which can be installed anywhere in the house. If you like carpet, choose wool which is the most traditional and luxurious carpet, and velvet/velour pile which has an elegant, luxurious look. Granite, limestone or quartz tiles would be suitable for kitchens, bathrooms and hall areas. Under floor heating or radiator cabinets will make your rooms look very neat and stylish and will appeal to young professionals.
Quality wall coverings important
Choose wallpaper, it is better quality than paint and offers nice textures and good insulation. If you do not want patterns on your walls choose plain, patternless wallpapers. Use a variety of colours, textures and patterns to match the themes of the rooms and ensure the job is done to a professional standard. You cannot afford to chance DIY projects in this market and this applies to the wall art as well.
Furniture sets the scene
If you are after a classic, authentic look, fill your rooms with antique or antique looking furniture. If you are after a trendy look, choose designer or bespoke furniture made of real wood and good metal. Leather furniture definitely adds a luxurious feel to the room. Conran Shop and Aero Shop may be good places to start but whatever you buy remember you will need to get a home contents insurance policy.
Seasonal changes for the windows
Change the curtains according to the season. Use thermal curtains in winter, choose colourful and patterned curtains for spring and summer to uplift the mood of the room. Choose materials such as silk, taffeta, velvet and linen. If your property is spacious, automated blinds will be very handy.
Lightening the mood
For a modern interior choose recessed ceiling, wall and floor lights. Chandeliers would be good for classical style rooms, bars and entrance areas. If you have important art pieces on the walls use picture lights to highlight them at night. Use sensor lights in the bathrooms and hall areas.