Furnished or Unfurnished – that is the question!

Furnished or Unfurnished – that is the question!

There’s no definitive answer to this question and it depends on a few different factors – the type of property investment, the location, the tenants you want and your own personal circumstances. Generally, if you’re looking to attract families then they are likely to bring their own furniture so there’s no need to focus so much on kitting the place out. On the other hand, if you’re trying to attract young professionals, then they will be looking for convenience and good quality furniture so you need to give the furnishing more thought. Whatever type of property you are looking to invest in it’s always worthwhile getting some property investment advice rather than entering the market blindly. Here are a few things to think about:

Benefits of furnishing

  • Saves money for the tenant and this may attract them to your property
  • You can charge a higher rent because the property is furnished
  • It could rent quicker than an unfurnished property because of the convenience

Benefits of not furnishing

  • You save money by not having to buy furniture
  • Tenants often prefer to furnish the property to their own taste
  • You don’t have to insure the furniture because it belongs to the tenant
  • You don’t have to think about wear and tear and replacing furniture or storing furniture, if you decide to sell.

When it comes to furnishing or not furnishing, then clearly the budget you have will play a big part in your decision-making so get some advice before taking the plunge.