Updated: Oct 27, 2022
The property management approach is different for different specializations. Tell me yourself, would the same techniques be applied to an apartment building and a commercial shop? That said, there is a world of difference between regular residential and luxury residential properties.
The Demands of Luxury Properties
For Luxury properties, dealing with tenants is rare; usually, the clients are the owners. The owners of luxury properties are either serious investors or people who view their home as a prize, sometimes both. The owners either don't have the time or the desire to make an effort to maintain these properties themselves. On the contrary, they wish them to be picture-perfect whenever they choose to pop in.
At this price point, the home is less about basic facilities and more focused on the experience it offers. Luxury homes are architectural works of art; they tell a story, and the property manager has to ensure they can do so.
You won't find homes after a particular pricepoint constructed in mundane ways. The architect has an artful vision of the house. Seeing it would evoke our emotions the way the architect desires. We may be awestruck by the size or instantly serene from looking at the view. Some houses we've seen in our experience draw inspiration from their natural scenery. For example, a house shaped to blend in with the mountainside horizon.
The vision of the architect doesn't end outside the home. They have placed windows to catch specific views and light, narrow walkways, or dramatic expanses to tell a story for the person living in their masterpiece.
According to WGPM, an interior designer is the only person who can continue this story properly. Utilizing the space best is an art that the interior designer specializes in. The interior designer initially stages the property, and the client may want their continued service once it's bought. The property manager oversees any renovations or decor changes. They also have to pay and note the expenses.
For regular residential properties, you only need the help of interior designers once when staging them. In luxury homes, the same indoor plants, cushions, throws, art, and furniture aren't suitable all year round. Some clients are very particular about their seasonal decor. The color scheme and decorations change all year round. Clients could choose to come by any minute, or investors could decide to show prospective buyers around the property.
Property managers must guarantee that the decor is up-to-date to be ready for anything. That means regularly calling in an interior designer to help switch out the furnishings and decorate for the new season. The client deserves to be impressed every time they enter their home.
Decorate for Parties.
The home may be impressive on its own. However, that doesn't mean we leave it as it is when throwing a party. The interior decorator can place some quick ready-to-go party decorations in the care of the property manager. That way, they can have the place ready even on short notice.
When the client wants to throw a more formal dinner party or a cocktail affair, you need better decoration than some last-minute things.
The interior designer will please the client by decorating based on the theme. They will know what the client likes and matches the home. The property manager can expedite the process so that it's done in time.
Improve the Home
Depending on the property management budget the client has provided, the proper manager has free range to maintain the property's standard. That means if other properties in the area at the same price point undergo renovations or additions, so should this one.
Such projects may require prior approval from the client or maybe even not, depending on the client-manager relationship.
While improving the property, like converting a large hall to a home theatre or bowling alley, the assistance of an interior designer is vital. The designer will ensure that the architect or contractor changes the space creatively in a way that looks great. They are also integral to getting everything finished flawlessly. From designing the new room to furnishing it at the end, an interior designer has a role at every step of the process.
The rich have their own world with the property to prove it. A property manager cannot keep up with the demands of a luxury home without the help of an interior designer. The interior designer makes the luxury house a home, from switching it up when the seasons change to adding stunning party decor.