This Tile Wizards guide will help you to select appropriate, long-lasting floors for your rental spaces, while remaining dollar savvy.
Flooring an investment property can be a challenge. It can be tempting to try to save money where you can, but investing in quality floors can increase your rental yield, and ultimately save you money on maintenance and repairs. So, what is the best flooring for an investment property you might ask? As a rule of thumb, stick with low impact colours and patterns in rental properties. You might love that lime green carpet, but your selection should be about making your property attractive to a range of potential tenants.
So what are your options when it comes to flooring?
Tiles are highly durable and easy to maintain, making them ideal for rental properties. This option is great for kitchens and bathrooms, as they are both high traffic areas that carry a risk of spillage and moisture. This flooring option ranges in price and can suit just about any budget.
Our suggestion is to keep to a neutral colour palette but to go with interesting tile shapes and patterns when laying them – hexagon tiles or subway tiles in a herringbone pattern, for example, will make the room pop while still appealing to most people.
Carpet is a great insulator, and is ideal for soundproofing high traffic areas, particularly in apartments. This is a great option for bedrooms and entries to reduce sound travelling and echo. However, in rental properties, it is advisable to keep carpets away from living and eating spaces where it can become stained and damaged.
Carpet also has a shorter lifespan and may require expensive cleaning and eventual replacement.
Timber floors are highly sought after by renters, as an attractive, easy to care for an option that suits most furniture. While expensive to purchase and lay, timber floors are hardwearing and add a lot of value to an investment property. An alternative to actual timber is timber look, with laminate and vinyl floorings delivering the impact of timber for a fraction of the cost. This is a great option for your living space and halls.
It can be difficult to balance price and quality when outfitting your investment property. At Tile Wizards, we pride ourselves on a large selection of tile, carpet and timber options in a range of prices. Visit us in store to speak to one of our friendly experts on the best option for you.
You can find Tile Wizards stores around Brisbane (Springwood), Sunshine Coast (Bokarina), Adelaide (Lonsdale, Para Hills West, Richmond), and Coffs Harbour.