One of the biggest decisions a landlord has to make is whether to furnish a rental property or leave it unfurnished. Preparing a property to be rented out can be an expensive process and a furnished property is going to bump up the cost significantly.
However, tenants are prepared to pay more for a furnished property so putting in extra time and effort could pay off in the long run. Here are a number of factors to consider should you decide to go down the furnished route.
What to Include
If you have decided to furnish the property, you may be wondering what items you need to invest in. Let’s start with the basics. Students will expect a furnished apartment to include a bed and a sofa as well as sufficient storage for example wardrobes and drawers.
This is just the basics and this alone could cost you thousands of pounds to purchase. Add on other essential appliances such as washing machines, fridge freezers and ovens to name a few and the price will rise significantly. As a landlord you want your furniture at a price that complements your property investment.
Where to Find Rental Furniture
If you are going down the furnished route, you will have to consider where you are going to source the furniture from. Shopping around for furniture is the best way to find a bargain and this can save you hundreds if you know where to look.
The best place to start your search for high quality, cost effective furniture is online. Searching for the perfect furniture range can be time consuming but thanks to the internet you can search hundreds of stores online at speed.
Choosing a Furniture Company
If you are looking for landlord furniture solutions, it pays to shop around. There is nothing worse than cheap looking furniture and there are many companies out there that stock high quality furniture at a competitive price.
Not all furniture specialists are equal and if you put in the time and effort you can find a company that will cater for your specific needs. As a landlord, you want a company that can save you time and money on your furniture requirements.
There are companies that offer landlords exceptional deals on premium furniture and in some cases you can take advantage of free delivery, assembly and installation.
Rental Furniture Packages
If you want an alternative to purchasing your rental furniture, certain companies give you the option to rent it.
A reputable furniture company will have a number of rental packages to choose from including bespoke packages tailored to landlords that are specifically searching for student furnishings. This can help to save you time on your furniture search and make furnishing your student house a breeze.
Other Things to Consider
As a landlord, it is essential that the furniture you choose meets certain regulations set by trading standards. These regulations ensure the safety of your tenants and protect you from being prosecuted. For example when choosing furniture for your property, it is essential that you opt for chairs, sofas and beds that are made from fire resistant materials.
If you are in any doubt that your current furniture is covered, replace it before you let out your property. Once you have purchased furniture for your rental property and installed it, you will need to add it to the inventory.
These are just a few of the factors to consider when furnishing a student home.
You can find out more information about student landlord furniture solutions online.