Furnished or unfurnished?

Deciding whether to let a property furnished or unfurnished is a personal decision. You will want to balance convenience and making sure the property is right for your tenants against affordability, tax issues and wear and tear on your furniture.

Furnished properties are easier to let because tenants can move in straight away without having to buy furniture first. Furnished homes can also be more expensive to buy as they usually come with built-in appliances such as fridges and ovens, so if you are planning on buying a new home then it may be worth taking into account how much you'll need these items when negotiating with the seller.

Unfurnished properties are cheaper (in terms of up front costs) than furnished ones: however they do require extra money spent on furniture before being able to rent them out – often this will mean buying beds, mattresses and wardrobes at least (£200 per room).

Many people would rather rent a property that has been furnished as this means they can move in immediately without any delay. By providing furniture you immediately put yourself in a position of advantage as there are likely to be far fewer other properties available on the market which are furnished.

Furnished properties are more expensive to rent than unfurnished ones, but this is not always the case. Some landlords find that if they provide their own furniture then they have more control over what type of tenant they select and can therefore keep out less desirable ones (such as students).

Furniture is an ongoing expense, as you will need to replace items regularly as well as keeping everything in good condition. Different types of tenant will also treat your furniture differently so if you decide not to renew their tenancy agreement you may find very few items left fit for purpose!

You may be better off opting for unfurnished accommodation if the tenants are likely to stay for a short period of time and have no interest in keeping the property when they move out.

Deciding whether to let a property furnished or unfurnished is a personal decision. You will want to balance convenience and making sure the property is right for your tenants against affordability, tax issues and wear and tear on your furniture. In conclusion, you should always consider the long-term implications of each option before making a decision as these things can have an impact on how much money you make from letting out your property over time.

Are you a landlord with any questions? Call Andrew or Oli today on 01233 501601.