One of the most common questions landlords ask themselves is “should I offer furnished or unfurnished property to prospective tenants?” There really is no right answer to this. What is important is the way you advertise your property to attract reliable tenants. The kind of property you have also plays a huge role, when it comes to letting it.
Apartments versus family homes
Whether you own an apartment/s or family homes, you’ll want to have the best tenants living in them.
Families usually bring their own furniture and accessories to make the property more homely. If this is the case, as a landlord, it’s a good idea to have the property unfurnished or even partly furnished. Tenants often like to add their own touch to their new “home”. Should a family lease from you and have school age children, they are likely to stay longer than singles or couples.
On the other hand, apartments in cities, towns or cosmopolitan areas often attract professionals or students. This type of tenant tends to enjoy an easy lifestyle and may not stay too long in one place. By offering furnished accommodation with everything included in the rental price will be more attractive, especially if you want a good tenant, short term.
Present your property for various tenants
Couples who are employed – lots of couples who have good jobs often prefer partly furnished properties with well-equipped kitchens. Make sure the fixtures and fittings are of high quality to attract people who like the finer things in life. Couples might bring their own furniture such as:-
- Three-piece suite
- Dining room table and chairs
- Cutlery, pots and pans
Whether your property is furnished or partly furnished, it’s sure to appeal to working couples.
Students – having a property to rent out close to a university will certainly entice students. A fully furnished apartment, flat or house makes it a convenient and practical home for young people. As an extra, desks in bedrooms will also be an added plus along with, of course, a good internet connection.
Professional tenants for short-term lets – professionals like to have high-quality furnishings and well-designed interiors wherever they live. You’ll find it easier to rent your property out to professionals if it has everything needed for luxury everyday living. The location is also a priority especially if the tenant or tenants work in the city.
Young professionals or employed sharers – if your property is welcoming and offers enough space for entertaining friends, young professionals or employed sharers will jump at the chance to rent. Put contemporary furnishings in the flat, apartment or house so the tenant/s can feel at home quickly.
Guidance to letting your property furnished or unfurnished
If you need guidance when letting your property out, furnished or unfurnished, there are online estate agents who can help. Contact us today!