The first thing to understand regarding Buy to Let properties is that there are no strict rules guiding whether a landlord should furnish a property or not. It is completely up to you whether you offer it with nothing but bare walls and floorboards, or every possible kind of furniture, appliance, tools, kitchenware and even bathroom scales!
Nevertheless, the decision to let a property furnished or unfurnished will make a difference to your chances of finding a tenant, the kind of tenant you will attract and ultimately the amount of rental income you can charge.
Benefits of furnished Buy to Let properties…
Benefits of Unfurnished Buy to Let properties…
What is part-furnished?
A third option is to let a property `part-furnished`, which is a term completely open to your interpretation. You could put in everything except beds (since many tenants have their own beds) or you could show the property to potential tenants, offering them the choice of whether to have additional furniture or not.
Lettings agents favour this option, since it gives the greatest flexibility and therefore makes it easier to find tenants. Ideally, there should be enough furniture that the property looks `lived in` and functional, but not so much that the place is cluttered. Having too much of a landlord`s furniture crammed into
a property can sometimes be off-putting to prespective tenants.
Some landlords have a range of properties, allowing them to spread their furniture around. Others hire warehouse space to store furniture in case it is needed in future.
In general, landlords with larger apartments or houses tend to let them unfurnished, since tenants are likely to be older and may have families, along with their own furniture. Smaller properties are more often furnished and attract younger, more mobile tenants.
For more information speak to one of our advisers today on 0845 219 0427 or 0121 308 9114. Alternatively complete the short online enquiry form to request a call back.
We can often arrange face-to-face appointments in Mere Green, Four Oaks, Sutton Coldfield, Lichfield, Tamworth, Burton, Birmingham, Walsall, West Bromwich and many other surrounding areas of Staffordshire and the West Midlands. Alternatively we can make arrangemtns for you to visit our offices to discuss your requirements in more detail.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE SOME TYPES OF BUY TO LET AND INVESTMENT MORTGAGES.
Caboodle Financial Services Ltd
240B Lichfield Road
Sutton Coldfield B74 2UD
Telephone: 0121 308 9114