If you’re a first-time buyer and single, or just starting your journey as an investor, one style of property that’s likely to suit your budget is a studio apartment.
It’s one of the easiest points of entry into real estate, and there’s always a keen rental market regardless of the prevailing economic circumstances.
For a first-time buyer, it’s ideal because you can always switch it into a rental property once you’re ready to climb the property ladder.
Another good move is to furnish the space appropriately, zoning the space to make the best use of every square foot.
These six top tips will help get you started.
Zones
Divide your studio into zones for eating, sleeping, entertainment and work. This simple act will make your space far more livable, and avoids the need to eat on your bed.
Size matters
Only purchase furniture suitable for the size of the studio. If you try to squeeze in a four-seater couch or a large coffee table, the space will be cramped and unsatisfying.
Bedfellow
The most critical design feature of any studio apartment is how you deal with your bed. A fold-out couch is a good option, although it can be a hassle to unfold each night and may be uncomfortable. Another solution is a wall bed, which can be incorporated into cabinetry. Check them out, as prices start at around $800.
Storage
Choose furniture that offers storage space. A coffee table with drawers underneath will help you use the space carefully.
Style
When working in a tight space, it’s best to have all your walls the same color. Accent walls can make a room feel smaller. Create contrast with good quality art. Avoid cheesy prints because your art goes a long way to defining the space.
Curtains for you
Select light curtains, perhaps with a calico backing, to shut out the light yet keep the energy in the room.