So one way we were able to do this so inexpensively was to use things from our own home. The “artwork” was all from our house at one time or I’d had it on hand for staging of rental properties.

The couches were ours and were next to new…they lived in a room that never got used, so it was perfect. We got dishes at IKEA and even some at the dollar store (the dish cloths, dish towels). We chose red as an accent color and tried to stick to it and white. The kitchen table was my sisters and she wanted a new one, so we bought hers for cheap and she got a new one.  We were able to do it very cheaply, while providing good stuff that people were willing to pay for.  So just one note….yes, we used used stuff.  But no, it didn’t stink, have any wear and tear nor was it out of date (too badly).  This is so important because you could do all of this work (and yes, it was a steady week to get it all done) and then end up with a product that people don’t feel comfortable in and therefore won’t rent.  So go cheap, but don’t cheap out.  There is a delicate balance and you don’t want all your efforts to be for naught.

What if you don’t have the 4000.00 to do this?  Maybe you have credit…now again another caveat…I’m not a proponent of debt (other than mortgage debt) at all!  However, you can use it as leverage; if you get a Brick card for example, and have a year to pay with no interest accruing, then you can furnish a place, have time to advertise and rent it out, and have a few months of that major increase in rent, to then pay off that card before the interest kicks in.  Be cautious with this strategy, but it has worked for many disciplined, savvy investors.

We didn’t focus so much on looks but on how it would feel to someone who is away from home, probably don’t know many people or places around town so spend quite a bit of time at their apartment….how would they want it to feel? Super minimalist looks great for pictures but not great for homey, comfy, relaxing ambiance.