Who rents furnished homes
Furnished rentals can suit people relocating for work, international students and anyone needing a shorter stay. Unfurnished homes generally suit tenants who already have their own furniture and plan to stay longer.
Which is better depends on the property, its location and who is most likely to rent it. Your team can tell you what applicants in your area are looking for.
- Consider who is most likely to rent your property.
- Ask your team about demand for furnished homes in your area.
- Think about how long you would like tenancies to last.
The trade-offs
A furnished property can attract a higher rent, but it also costs more to set up and maintain, and furniture wears out and needs replacing. Tenancies can be shorter, which may mean more frequent vacancies.
An unfurnished property is simpler to maintain and usually has fewer items to dispute at the end of a tenancy.
- Estimate the cost of furnishing and replacing items.
- Compare expected rent for furnished and unfurnished.
- Allow for more frequent turnover with furnished homes.
If you furnish
Choose durable, easy-to-clean furniture rather than expensive pieces. Make sure everything supplied is safe, such as securing tall furniture to walls where appropriate.
Keep an inventory of every item supplied, with photos, as part of the condition report. It should list each item and its condition.
- Prepare a full inventory with photos.
- Choose durable and safe furniture.
- Secure tall furniture to prevent tipping.
Partly furnished
Some owners lease a property with only the main appliances, such as a fridge and washing machine. If you do, list exactly what is included in the advertisement and the tenancy agreement so there is no confusion.
Whatever you supply, you are responsible for repairing or replacing it if it stops working through normal use.
- List exactly which items are included.
- Keep manuals and warranties for supplied appliances.
- Plan for repairing and replacing supplied items.
Let’s talk about your property.
Discuss your plans and the next steps with our team.
