I’ve been reading a very interesting discussion on my Linkedin about exactly this –
Some landlords feel that the minimum work required on a property for rental is satisfactory, whether it is furnished or unfurnished. As a consultant, we at Russotrading supply furniture solutions, living packages and interior design solutions to commercial and private landlords, and I explain the importance of how your property looks is vital to the type of tenant you will attract and the rental income you can command. As one person’s response on LinkedIn says; It’s not rocket science…..
It is all about the type of property and what area it is located, as to what tenant and rental you will command.
The 3 keys points for rental are; Tenant, Rental income, Length of term. All these are reflected by the appearance of your property. If you target a professional single or couple, they will want a nice quality home, easy to maintain and possibly require furniture solutions. A family will also require a nice quality home, they may be moving area due to work, but may already have furniture and require it unfurnished. An unfurnished property can look sparse and empty, so it will need to look clean and freshly maintained, to overcome this.
If you are a property developer and are looking to refurbish and then either rent out or sell on to investors, you may require to Home stage the property. This is very much like using it as a Show home and sell that property with furniture included. If you are refurbishing a number of properties, then use your ‘Show home’ as a furniture package solution as an add on sale if required.