Sat 17 Oct 2020
Most landlords will at some stage have to deal with the dilemma of whether or not to furnish their properties. Given that roughly half of all prospective tenants in Britain are happy to live in an unfurnished property, and that furnished properties do not necessarily command a higher rent, many landlords will wonder whether providing furniture is a worthwhile process.
If you’re keen to find out if there’s a need to furnish your property, it’s best to start by discussing it with your agent. They’ll be able to tell you the types of potential tenant your property is likely to attract, which is likely to have a bearing on whether they will require furniture. For instance, a family or couple will likely prefer to move into an unfurnished home; a single tenant could prefer part-furnished and students would expect a home filled with furniture, including a bed and wardrobe in each bedroom alongside sofas, chairs and a dining table.
If you’re concerned, you can always hedge your bets - advise the agent to promote the home with a clear note to advise renters that you can provide some furniture on request, depending on the demands. This flexible approach will make sure that your property is suitable for as many different tenants as possible – maximising your chance of letting it quickly.
If you do decide to furnish your property, then it is absolutely essential that you provide fire resistant furniture. Thankfully, most modern furniture would fall into this category, but again, it’s vital to confirm prior to purchase and moving into the property. This isn’t just for the added safety of your tenants - it’s a regulation for landlords that must be complied with.
When it comes to choosing the quality of the furniture that you want to provide, we suggest avoiding the cheapest options. Not only would poor-quality furniture put off some potential tenants, but you also have to keep in mind that whatever you purchase will be subject to consistent use over the next several years. Spending a little more on something a little sturdier and higher quality could mean the difference between having to purchase new furniture after one or two tenancies, or after several – saving you money in the long run.
If you would like to discuss how best to present your property for rent, you can contact our lettings teams here.