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The Trends of 2023 and When to Use Them in a Rental

Interior designers are expecting some hot new trends in 2023. Here's what they're anticipating and how you can utilize them to enhance your rental properties.

Prioritizing Comfort

One of the biggest design trends since Covid started, has been the move to design for comfort. It makes sense; if you spend a lot of time at home, you should be comfortable. Curved and rounded silhouettes are expected to stick around by 86% of designers surveyed by apartment therapy, followed by wavy pieces at 59%.

Adding chairs, coffee tables, or sofas with these comfortable shapes into your rental will make your guests feel at home and gravitate towards staying in your property.

This is a move away from the industrial elements we have seen recently, but it mixes well with the farmhouse look we've come to love.

Warm Colors

Designers say that minimalist all-white (or grey) days are over. They're seeing an increase in warm neutrals and colours. Good Housekeeping points out warm browns and muted colours specifically. If you want to add some colour, here is what experts are expecting will be the most popular:

Statement Lighting

Lamps are expecting a significant revamp in 2023. Lighting is often the centrepiece of a room, so make it stand out. Saturated and glossy fixtures with more elaborate shades are the prediction, so keep a lookout for your rental! One easy suggestion is to switch out the bulbs with a warmer hue to make your space cozier.

Nostalgic Design

Like the comfortable decor seen for the past few years, experts are seeing an increase in a nostalgic design. When speaking to the team at Good Housekeeping, Gideon Mendelson, Founder and Creative Director of Mendelson Group described this as "granny-chic" but less kitschy and more sophisticated. This style can be incorporated with antique mirrors or plaid throws and pillows.

Why Bother Putting Work into a Rental Property?

Rental properties are a great way to make passive income, but only if they stay rented. The market for rental properties in Ontario is competitive, so finding an angle that will attract more people to your property is critical. Renters love to have personalized space but are often forbidden from making decorating decisions. By creating a modern space, you can attract renters and provide them with a fun home that they would be proud enough to share, which helps you get future renters!

If you need help finding the right investment property in Ontario, you're in the right place! Book a consultation today, and we can help you develop a strategy for 2023 and beyond.


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