• July 1st, 2016 - 
  • Posted by gordonw_CLD

What Furniture should a Landlord provide in a Rental Property

The question on many landlords’ minds is if they should furnish their properties or leave them as they are. There are many things you should think about when considering furniture for your property, including how much you have to spend, what furniture you can get your hands on and who you will be renting to.

Cost

It can be costly if you decide to furnish an entire property, especially if it’s a house with many bedrooms. It is estimated that on average the cost of furnishing a luxury apartment can be up to £10,000 and furnishing a basic flat around £500.

There are many ways you can cut down the cost of furnishing your property to let. One way is by using a company that specialises in furnishings for landlords. You can easily find some of these by doing a Google search.

Another way is to only partly furnish the property. This could be by only adding the basic furniture pieces, for example beds, sofas, dinning table and chairs and a TV stand. The essential appliances that you will need to get include washing machine, fridge freezer and cooker. These are typically items that most people, under the age of 30 and who haven’t owned a property, don’t own.

Its not only the cost of buying the furniture you have to think about. You will also have to think about putting the furniture together, there could be extra costs with this especially if you are getting someone else to put it together for you. Repairs are something that you will also have to think about, particularly if you will be renting to students, as they can get through furniture fairly quickly.

Furniture needed

If you do decide to add furniture to your property then here are some of the key items you will need to add:

Beds
To know what kind of beds you need (double or single) you will need to decide on who your target market is. If you are looking at renting to students then make every room a single room, if you are thinking about renting to a family then have a master bedroom with a double bed and then at least 1 single bed in the other rooms.

Sofas
You don’t need to get the most expensive, top of the range sofa; a simple 2/3 seater will be fine. Make sure you have enough seating for the amount of people that can live there.

Dining table and chairs
If your property is fairly small, a dining room table can double up as not only somewhere for your tenants to eat their meals but also a place for them to work.

Appliances needed

Many people under the age of 30, and who have never lived on their own before, will not have a number of these essential appliances, and will not want to buy them, especially if they are temporarily renting the property. Including appliances in your property will help to also make it more desirable to potential tenants.

Washing machine
Everyone needs to wash his or her clothes and will not want to keep going to the laundrette every week to wash their clothes which is why having a washing machine included is a must have. If you have some extra money to spare then you could also provide a tumble dryer for your tenants. This would also be helpful in the winter months to avoid mould when drying clothes inside, and saving you possible repairs in the future.

Fridge freezer
One of the main decisions a landlord will have to make when picking out appliances is if they should go for a combined fridge/freezer or two single units. If your property is small then going for a combined unit is the best solution, whereas if you are planning on renting to a family or students have a separate fridge and freezer would still work as tenants will need plenty of room for food.

Cooker
What kind of cooker you decide to include in your property will depend on your personal preference and the overall theme of the property. Having a matching set made up from a hob, oven and extractor fan can make the kitchen look presentable, although if something goes wrong with one of the appliances it can be difficult to replace.

When you are putting furniture and appliances into your property, make sure you take notes and photograph all pieces of furniture. This is so you can keep record of the condition in case of any tenancy deposit disputes.

If you have success with your first property on the market and decide to rent out more properties it could be a good idea to invest in property maintenance software. GNB Software are specialists in property maintenance software as well as maintenance management software (CMMS). Both of these pieces of software are ideal for landlords who need to keep up-to-date with maintenance for each of their individual properties.


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