Renting your property: Furnished or Unfurnished?

There are many factors to consider when deciding if you would like to rent your property furnished or unfurnished.  Who would you like to rent your property to? What is the trend in your property location? Do you have landlord insurance to cover damages? If you’re unsure on the best approach, take a look at our list of pros and cons to offering furnished and unfurnished rental properties. 

 

Furnishing 

A furnished property needs to provide all the items to make the property “fit to be lived in.” Typically this includes items such as: bedroom furniture, including beds, wardrobes and drawers, and living and dining room furniture such as sofas, dining suites and tableware. 

Pros  Cons 
  • Possible to improve your rental price 
  • Be more attractive to short term tenants 
  • Differentiate from other properties in your area 
  • If you are looking for long term tenants, furnishing typically is less desirable 
  • Increases your maintenance and repair costs 
  • Increases the management required on the property 

 

Unfurnished 

An unfurnished property is legally defined as including white goods (fridge, freezer, washing machine and cooker), kitchen and bathroom fixtures, flooring and carpets and curtains and/or blinds. 

Pros  Cons 
  • Fewer items to maintain 
  • More attractive to longer term tenants 
  • Less repair costs 
  • If other rentals in your local area typically offer furniture it can make your property less competitive 

 

Landlords: Need Advice? 

Ultimately, deciding on furnished or unfurnished for your rental property is down to your individual preference. If you are unsure about what is best, speak to our friendly team at Sperring Residential to get expert advice. Give us a call today on 01582 825 548 or email us at dunstable@sperringresidential.com. 

 

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