To furnish or not to furnish; that is the question, but let’s ask a few more: do different tenants have different needs? Will furnishing properties mean you can charge more in rent? How much will it cost? Will you need to do it yourself? Price or quality? Style over substance? Interior designer? Furniture Package? Buy to let? All out purchase? Multiple rooms? White goods?
There are positives and negatives for both furnished and unfurnished properties. A furnished property is particularly beneficial to short term tenants like students or young professionals, allowing a swift move into the property without the need to purchase the furnishings and white goods themselves. The flipside of this is that a furnished property won’t be as attractive to a family or couple as they generally tend to already own and expect to be able to move in their own furniture. Part furnishing the property is a great option, allowing you to provide the essentials, and perhaps a little extra, allowing the tenant to move in what furniture they might have or intend to buy.
Furnishing will generally allow you to charge more for your property. A property with top quality furnishings and additional features (wireless, a good quality TV, even a monthly cleaner), may make the difference between the right tenants at the right price and no tenants at all. In the long run, the costs of additional features and good quality furniture should be recouped by the additional rent that can be charged.
Believe us when we tell you that quality counts. Quality means less breakage, less wear and tear, less replacement and less hassle. Of course money can be saved at the cost of quality, but it isn’t a strategy that is going to pay off in the long term. A durable set of furniture that fits the style of the house is going to serve you better in the long run.
So if you want to furnish, how should you go about it? Buying furniture outright is not only a high cost strategy, but also a time consuming one. Searching for each piece of furniture, making sure they match, separate delivery times and separate delivery costs are just a small selection of the problems landlords are likely to encounter by furnishing the property themselves. Buy to let furniture packages are a great solution, with pre-compiled furniture packages (generally designed by professional interior designers) available for the whole house or individual rooms.
Another option is furniture rental. Furniture rental allows you to be as flexible as possible with the needs of your tenants. If they need furniture, then use furniture rental, if it’s only the white goods they need, then just rent them. Rental furniture tends to be high quality and durable, as returns and breakages will either cost them in the long run or lose them customers.
With the range of high quality and cost effective furniture solutions out there, furnishing a property for the rental market doesn’t have to be as hard as all that.
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