"Many professional tenants, on their first move away from home or student accommodation, may not have enough spare money to buy their own furnishings"
At this time of year, university students are moving into their new accommodation, and expecting to find a prescribed list of furnishings supplied by the landlord in each bedroom – bed, desk, chair, wardrobe, etc. However, most tenancies are not as straightforward as this and landlords are often left in a dilemma as to what furnishings to provide.
The Letting People have considerable experience of advising landlords on suitable furnishings for properties, as required, to make the property let more easily to the perfect tenant. Some tenants will enjoy choosing new furniture to make a rented house into their home. They may therefore choose a particular unfurnished property because of the size of the rooms – a big enough living room to accommodate a large corner sofa, or perhaps a bedroom that will fit the king-size bed they’ve been dreaming of purchasing.
Equally, many properties to let will be furnished and a rental decision may be based entirely on the style, period and age of the furnishings. Likewise a flat, without lift access, above the first floor is more likely to let on a furnished basis as no-one is keen to carry (or pay someone else to carry) large furnishings up lots of stairs! Another consideration will be the comfort of soft furnishings such as the bed and/or sofa provided. Some tenants will be anxious to find a home with enough clothes storage space also.
Generally, The Letting People recommend that one-bedroom flats and apartments should be furnished. This is because approximately 90% of the enquiries received for one-bedroom flats, are from tenants requiring furniture. This is frequently because single prospective tenants are looking for an alternative to hotel accommodation or just somewhere to live mid-week. Additionally many professional tenants, on their first move away from home or student accommodation, may not have enough spare money to buy their own furnishings.
Two-bedroom properties with a double and single bedroom, are usually let to single professionals or to couples, who will use the smaller room for an office or storage/dressing room. It is recommended these properties are furnished, except for the smaller bedroom.
There is probably an equal demand for furnished or unfurnished two double-bedroom properties, but a very stylishly furnished property will let more quickly and at a higher rent than its unfurnished counterpart. However, although the same unfurnished property may take longer to let – the tenancy can be for a longer term. This is because it is easier both to move into, and to move out, of a furnished property.
Larger properties of three or more bedrooms are often easier to let unfurnished. These properties are more attractive to families or older couples with their own furnishings and requirements for particular spaces such as room to work from home or for teenage children to have their own space.
The Letting People are always happy to advise property investors and landlords on how to maximise their rental income – whether by including particular furnishings or by other means!