Wood Paneling for Rental Property
Wood paneling seems to have made a return in interior design, but is it the right option for your Harrah rental property?
When it comes to rental property interiors, many owners go with the paint option. But new products and features have recently brought wood paneling back into style again—which makes it quite challenging to pick the right option. Having wood paneling for rental property can actually be stylish and save you money in the long run.
Modern wood paneling
Today wood paneling has changed form and there are different types of styles and higher quality products to choose from. For instance, genuine hardwood veneers are now available in a wide range of styles and colors. There are also more exotic materials like mahogany, zebrawood, or teak in addition to the more traditional standbys of birch, maple, and oak.
Modern wood paneling also comes with better mounting systems and custom sizing, making the installation much easier and more cost-effective. There are also eco-friendly paneling made from reclaimed wood for those who are environmentally conscious.
Why choose a wood paneling
When selecting between wood paneling and interior paint for your rental property, it is important to consider the pros and cons of each option. Yes, wood paneling looks interesting but unless your rental is competing with other trendy properties, it may not be sensible to decorate with wood paneling. Furthermore, many renters have become accustomed to painted walls and the “blank canvas” feel of rental homes. So wood paneling may come out as an unwanted decorative item for these renters.
On the bright side, wood paneling may enhance the curb appeal of rentals in areas with a high population of young professionals. This allows landlords to charge even more competitive rent after installing wood paneling. Other benefits include durability and cost-effectiveness. It costs as little as $10 to install a 32-square-foot panel while the installation cost for the newest or more exotic styles is $400 per panel. In contrast, the cost to paint interior room averages between $300 and $900 nationally.
Real Property Management Enterprises has a full maintenance staff that can assist you in your decision making process on your rental home. What is best and what might not work – it’s always good to ask for help and RPM Enterprises is ready to help!