Points to Ponder While Choosing Landlord Furniture Packages

All buy to let landlords are operating in a competitive market. They grapple with the challenges of long void periods and low yield tenancies and are keen on keeping the property well furnished so that they can attract high profile tenants.

All prospective tenants prefer furnished properties. Furnished property makes a market broader and tenancy process smoother. Furnished properties always command a higher price than unfurnished properties both in rent and sale.

Why Packages?

It is of common knowledge that furnishing properties ones’ own is a waste of time considering the exhaustion and headache involved in it.

• The furniture has to be in tune with the target audience
• The style has to be inoffensive, fresh and contemporary
• It must be practical, durable and cost effective

Off the Shelf

Off the shelf furniture or landlord furniture packages is good and suits a house owner in many ways. There will be uniform quality and there is no waiting period for deliveries to arrive. All landlords who are savvy, time conscious do use furniture packages for one or multiple properties as viable solutions. Specialist furniture package companies have specific property furnishing solutions with focus taking care of all segments and budgets.

A basic landlord furniture package in London for a two bed apartment can be purchased for around £1200. The price will vary only if more luxury items are added or special packs for lighting; kitchen packs, bathroom packs, and window dressings are tried separately.

In any case, to kit out a two bed apartment a budget of £2,500 will be sufficient. Some benefits that can flow from furniture packages will be

Time: Furniture packs are easy to arrange. They can be delivered at the click of a mouse or a phone call. This cuts the turnaround time and eliminates costly void periods.

Save Money: Furniture package specialists hold large stocks with clients taking advantage of buying power and making savings compared to retail stores. Furniture packs always cost less than individual items bought from a retail store. As a one stop solution furniture packs eliminate issues of delivery and installation

Important Points to Consider for furniture packages

• The furniture and electrical appliances must be HSE compliant
• The furniture must be suitable for long-term usage
• The furniture must be practical for reasonable cleaning purposes
• An accurate description of all the furniture be provided in the Inventory
• Obtain a VAT invoice for accounting and tax offsetting purposes

Different Tenant Groups

Even for student-renting furnishing is an important aspect. Properties close to a university or school can attract students from overseas if the property is properly furnished. Students like a property that is furnished as they tend to own large furniture items.

If there are furnished communal areas such as the living room the students will like it as it suits their harmonious lifestyle and eliminate ownership quibbles.

Maximize Rental Yields

The advantage of landlord furnishing of rental property is that even short let’s can have optimum rent and bring in high quality tenants. For B2B target markets holidaymakers are an important segment and to woo them landlords have to deck up the property well, addressing the aspirations of these high spenders.

Even a property in a downtown location or in an unattractive building can fetch a premium if contemporary furniture is moved in. It will tempt potential tenants with its appeal of nice décor and stylish furnishings. This raises not only the profit margin but also weeds out unnecessary void periods of a property.

Lynelle Thompson is a professional blogger who likes to write about the home decorating ideas. She handles home improvement assignment herself.