If you have bought a property to let or you are considering doing so, you need to have a think about what you are going to offer in terms of furnishings. The aim of this guide is to outline the options available to you and help you choose the option that is right for you.
Minimal furnishing – Unfurnished
This category of furnishing requires nothing from you, other than a cooker and a phone socket.
Minimal furnishing – Part furnished
It is likely that a tenant looking for a part furnished rental property will want the basic essentials to be included, with the intention of adding their own items as they wish.
High on the desirability list will be things like a cooker, fridge freezer and washing machine. However, in a competitive market such as this one you should always look to gain advantage over the competition. Items such as beds, sofas, chests of drawers and wardrobes can be real deal makers.
Conversely though, they can also be real deal breakers if they are not of a decent standard. If you are going to offer additional furniture to entice a potential tenant, make sure that the furniture you are offering is, indeed, enticing.
A great place to get affordable furniture of an acceptable quality is IKEA, or somewhere similar. This is far more preferable to picking up the odd piece from a second hand dealer as the tenant should be impressed by new looking, matching furniture.
It is also a good idea, for the convenience of the tenant, to offer things like light shades, curtains or blinds. It is best to go for an understated, neutral design so as to cater for the largest chunk of the market without alienating anybody.
Once they have settled in tenants may wish to change them for something more their own taste, this is fine, but make sure that they look after anything that they take down, as they may come in handy when they leave and take their changes with them.
The whole package – Fully furnished (sometimes just advertised as ‘furnished’)
Tenants who seek out furnished rental properties usually do so because of the convenience factor. They may not have the time, or indeed the desire, to furnish the home to their tastes as it is time consuming and requires a great deal of commitment.
Expect to provide a washing machine, fridge freezer, cooker, wardrobes, drawers, sofa, beds, lamp shades, and dining table and chairs if appropriate.
The furnishings should all by of a good standard, and should include all of the little day-to-day things that somebody might use. Kettles, toasters, crockery and cutlery are of course necessary essentials, however, little luxuries like coffee makers, blenders and any relevant cooking aids will give your property that all important competitive advantage.
You must take this attitude into the furnishing outside of the kitchen as well of course, the lounge area should have all of the latest entertainment technology, and you should ideally offer a phone, as well as the options of satellite television and broadband internet.