There is no set answer as to whether a landlord should furnish a property or not. We’ve taken time to look at the pros and cons of whether it is better to offer your property with bare walls and floors or include furniture.
Benefits of furnishing your property:
Your property may be more attractive to tenants and rent quicker than an unfurnished flat as more tenants look for furnished properties
The furniture can be reused for yourself or future tenants when the tenancy ends
Having a nicely furnished, well-presented property, generally brings higher end tenants, which in turn will see higher respect for your property
The cost of the goods can be deducted a percentage of the cost of the goods from your tax liability
Benefits of leaving your property unfurnished:
Tenants may prefer to furnish a property to their own style
You don’t need to worry about repairing any wear and tear to furniture
You’re not responsible for providing insurance for the furniture
Tenants may be looking to sign a longer tenancy period as they will buy furniture for the property
Usually, smaller properties, tend to attract younger tenants who would enjoy the convenience of a furnished property. Whereas, larger properties tend to attract older tenants which may have families, meaning they may have furniture from previous tenancies.
To find out more about our property maintenance contact our team on 0845 600 8112.