Thinking of renovating a rented apartment?

These are the rooms that are worth investing in

The dream of buying an apartment is receding and many Israelis understand that they and the rent is a long-term relationship.

In such a situation, is it worth investing in renovating an apartment that you do not own?

And if so, in which rooms should you invest

Walla!

Home and design

28/06/2022

Tuesday, 28 June 2022, 06:40

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Quite a few people who live in rented apartments want to invest in them, and are debating what to spend the money on.

COLLECTIE wooden bench (Photo: Gili Hanan Black)

The headlines speak for themselves - against the background of a sharp rise in apartment prices, there has been a sharp jump in the proportion of households living in rented apartments.

The number of Israelis living in rented accommodation has already reached 2 million, a particularly high number.

For those who live in rented apartments and still want to invest in an apartment that they do not own, we have prepared a number of gold recommendations.

For those who live in it, a rented apartment is a home for everything and should not be treated as a "place on the road".

According to interior designer Keren Gens, the equation that should guide tenants who are considering renovating their home is as follows: "The first recommendation is to invest in what gives the most design impact, with a reasonable investment depending on the expected rental time."

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Invest in what gives the maximum design impact, with a reasonable investment and in accordance with the expected rental time.

A rented house in Raanana renovated by the tenants.

Design: Keren Gens (Photo: Assaf Pinchuk)

The fact that this is a long-term lease affected the nature of the renovation.

Rented and renovated house in Raanana designed by the Gens Foundation (Photo: Assaf Pinchuk)

Gens designed an apartment for a couple plus 4 children that they rented in a long-term lease agreement for 10 years in Raanana.

"They lived in a rented apartment and after a few years wanted to move into a spacious house with a garden. After searching, they found a villa offered for long term rent in the same neighborhood. The fact that it was a long term rented house influenced the nature of the renovation.

"Some say that long-term rent is a good investment. I myself am a real estate agent and decided to rent a luxury apartment in the towers in Petah Tikva, and at the same time I bought two small apartments in the periphery that cover the rent of the current apartment," says realtor Ron Landsman of Remix SUPREME. Of course investing in a rented apartment is also a function of rental time.

In my case, I reached an agreement with the property owner so that I made a significant renovation, received a benefit in rent and at the same time I live at a standard of living that suits me. "

Invest in elements that will be easy for you to take with you to the next apartment as well.

Kitchen shelves, COLLECTIE (Photo: Gili Hanan Black)

In luxury rented apartments, customers are willing to invest a lot in renovations.

Design: Architect Boaz Snir (Photo: Valery Zoiz)

"The significant investment is relevant in elements that can be taken for the next apartment, such as benches, armchairs, shelves, tables, etc. It is desirable that the designs be suitable for each space and not CUSTOM MADE designs adapted to a specific niche or niche," recommends Yaara Eshkol, owner of the COLLECTIE design brand.

"Choose designs with a delicate hue like wood, which will most likely fit your next apartment and be able to move on with you."

"You will be surprised, but in luxury apartments, with very high rents, the client is willing to invest, and a lot," says architect Boaz Snir, whose professional record has several projects to renovate apartments and luxury homes for rent.

"These are significant renovations that include replacing the kitchen, new bathrooms, parquet, choosing furniture and more," he said.

Agreed with the property owner, renovated and received a rental benefit.

Ron Landsman's rented apartment in Petah Tikva, design: Michael Ohayon (Photo: Idan Gur)

You do not have to break walls, investing in lighting and textiles will do the job.

Custom curtains - Chanel Moore.

Design: Eva Samuelov (Photo: Elad Gonen, courtesy of Chanel Moore Curtains)

More about rented apartments

• Rental market in Tel Aviv: 2,100 NIS per month to live in the shower

• Think you are a millionaire: Invest NIS 200,000 in renovating a rented apartment

• Saving from the first moment: How to start saving in four simple steps

"The most important thing is to live in a place that feels like home, even two or three years is a significant period of time," says interior designer Gens, focusing on her recommendations.

"Do not break walls - but definitely paint and wallpaper will do the job. Choose accessories that create a designed look such as lighting fixtures, textiles, etc. In bathroom and kitchen renovations - which are the most important spaces, you can also paste new tiles, or tile-like stickers and place a large mirror that will provide An illusion of size. "

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