Whether you have just purchased the Florida Vacation Home of your Dreams or you’re an investor, interested only in the bottom line, the decisions you make in furnishing your vacation home will impact the quality and value of you investment, either positively or negatively over time. The biggest mistake you can make is to underestimate the value & importance of the interior of your new home. The vacation home rental market has become very competitive. It is important to do a well coordinated, quality, eye catching interior. The internet is becoming a key component in marketing, and it is all about visual appeal. You may have the most attractive home in your area with the best location, but it is what is on the other side of the front door that will keep your villa rented both now & in the future.
Lets look at the important areas to consider to be successful in, furnishing your home.
First, and most important, select the best company for the job. Listen to your Realtor, as well as other people you know or meet who have purchased a vacation home. Companies build reputations over time, both good and bad. Select one that has a track record, for quality products, on time and complete deliveries and good service after the sale.
Second, sort out your property management before you select your furnishings. Almost all management company’s have their own ideas about what is important in a vacation home, from bed sizes, to the type and number of TVs. You will rely on them for rentals, hence they will be more successful if your villa meets their preferred requirements. They will know the current market & requests from guests when making bookings. It is a shame to lose a booking, because you did not know that your clients like King (6 ft 6”) beds in the master bedroom.
Third, allow for the time necessary to do the job right. Don’t choose the furniture company based on who can do it the fastest. Plan ahead, and even when you think you can’t, allow 45 to 60 days, after you have finalized your selections, for your custom order to be made ready for delivery. Even if your home is closed, and you feel rushed to get it furnished and rented, allow your furniture supplier the necessary time to prepare. It will be worth the wait. Of course, if you’re building your home, with proper planning it can be furnished complete within a day or two of closing. Don’t wait till the last minute to get started, plan your furnishings ahead of time!
Last but not least, it’s time to decide on your furnishings. Budget to furnish in a quality fashion. All too often we have clients spend $400k on their new 4 bed home and hope to furnish it for $12,000. For the sake of a few thousand dollars, you impair the opportunity for your investment to work. That 4 bed home with the appropriate furnishings is $19,000-$23,000. Of course, you could spend more, but that is by choice, not necessity. Next if you really want it to stand-out. You add custom window treatments and possibly spend a few more dollars on current electronics, possibly a Plasma or LCD HD TV for the Family Room. If your home has an appropriate area, add a pool table, foosball or Air Hockey Table. Every additional bit you do is one more thing that makes your home stand out. pat@4cornersbusinesscouncil.com
Lets look at the important areas to consider to be successful in, furnishing your home.
First, and most important, select the best company for the job. Listen to your Realtor, as well as other people you know or meet who have purchased a vacation home. Companies build reputations over time, both good and bad. Select one that has a track record, for quality products, on time and complete deliveries and good service after the sale.
Second, sort out your property management before you select your furnishings. Almost all management company’s have their own ideas about what is important in a vacation home, from bed sizes, to the type and number of TVs. You will rely on them for rentals, hence they will be more successful if your villa meets their preferred requirements. They will know the current market & requests from guests when making bookings. It is a shame to lose a booking, because you did not know that your clients like King (6 ft 6”) beds in the master bedroom.
Third, allow for the time necessary to do the job right. Don’t choose the furniture company based on who can do it the fastest. Plan ahead, and even when you think you can’t, allow 45 to 60 days, after you have finalized your selections, for your custom order to be made ready for delivery. Even if your home is closed, and you feel rushed to get it furnished and rented, allow your furniture supplier the necessary time to prepare. It will be worth the wait. Of course, if you’re building your home, with proper planning it can be furnished complete within a day or two of closing. Don’t wait till the last minute to get started, plan your furnishings ahead of time!
Last but not least, it’s time to decide on your furnishings. Budget to furnish in a quality fashion. All too often we have clients spend $400k on their new 4 bed home and hope to furnish it for $12,000. For the sake of a few thousand dollars, you impair the opportunity for your investment to work. That 4 bed home with the appropriate furnishings is $19,000-$23,000. Of course, you could spend more, but that is by choice, not necessity. Next if you really want it to stand-out. You add custom window treatments and possibly spend a few more dollars on current electronics, possibly a Plasma or LCD HD TV for the Family Room. If your home has an appropriate area, add a pool table, foosball or Air Hockey Table. Every additional bit you do is one more thing that makes your home stand out. pat@4cornersbusinesscouncil.com
No comments:
Post a Comment