Should You Furnish Your Property Before Letting?

Posted by Andy Brook on November 17th, 2015

Being one of the leading letting agents in York, one frequent question that the experts at Reynard Properties are asked is-“should you furnish your property before letting?” The experts at Reynard Properties that have lots of experience in this area say that there is no fixed rule guiding whether a landlord should furnish a property. It’s totally up to the landlord; however decision to let a property unfurnished or furnished does make difference to your chances of finding a good tenant. Here’s how:

Pros of letting a furnished property

• Since the tenants don't need to buy furniture, they find it a more economical option.
• It helps you find tenants more quickly than an unfurnished property, because these days tenants, especially working professionals mostly look for furnished lettings
• Students prefer furnished accommodation as they haven’t accumulated their own furnishings.
• After your tenants leave, you will still own the furniture and can offer it to future tenants
• Furnished apartments can help landlords get higher rent

Cons of letting furnished property

• More potential for damage: Potential for damage is higher in case of furnished lettings; this translates into higher repair and replacement responsibilities for the landlords. If you are ready for it, then letting furnished apartment is a good option for you, suggest the expert letting agents at Reynard Properties-the leading company for city lets York.
• Need for extra storage space: Landlords have to arrange for storage if tenants want to use some of their own furniture. Reynard Properties which has some of the best property to let in York also owns storage units in York, which leaves ‘no room’ for storage problem. Whether, you need furnished property or unfurnished one, they have the best properties to suit all your needs.

What the experts suggest?

The experts at Reynard Properties suggest that in urban areas, if you have a small property to let, a strong advice is to go furnished. Your target market here is the young, professional city dwellers and students, who don’t want the hassles of buying furniture.

If you have a bigger property to let with 3-4 bedrooms, you will attract families that are far more likely to bring furniture. So, in that case letting unfurnished property would be a better choice.

Semi furnished apartments that contain basic pieces of furniture, such as-sofa, bed, table, chairs and dressers are also a good choice for both the tenants and landlords as they can be easily modified according to individual needs and do not require any additional storage space.

When it comes to letting property, some lettings agents think that they can get higher rents from furnished property than unfurnished, but the experienced letting agents argue that flexibility is key. The best thing to offer would be an arrangement that meets the needs of your customers.

Reynard Properties understand this very well, so they an experienced team of letting agents in York that help you find the best properties to make your stay comfortable and pleasant.

To know more, visit-http://www.reynardproperties.co.uk/