It takes just 26 seconds for a tenant to form an opinion of your property when they walk through the front door. So, does your space have what it takes to attract a tenant? While we try to resist the urge to judge, there’s no doubt that first impressions count, so here are 6 things to make sure you lock in that tenant …
What furniture and furnishings should I include in my property?
To furnish or not to furnish? It’s a decision you can only reach once you have purchased your property and thoroughly understand your potential tenant market. Talk to a Property Agent or a Fit-Out Specialist who understands the market demand in that area.
If a property is offered for rent fully furnished it is generally assumed to have: living area seating, dining table and chairs, cooker, fridge-freezer, washing machine (and dryer), bed and wardrobe for each bedroom, curtains or blinds throughout, and of course, all the necessary fittings and fixtures.
Pick a simple style that blends in
Be practical. You want furniture, furnishings and fittings that have clean lines and neutral tones that work and appeal to the broadest range of tastes. Choose upholstery fabrics and soft furnishings that are durable, clean easily, look good for longer and blend in – avoid velvets and other tricky fabrics that are prone to marking. Go for sofa and armchair ranges that have removable, washable covers so you don’t have the expense of specialist upholstery cleaning.
If you are buying beds, consider divans over bed frames as they tend to be more robust. Going for designs that incorporate storage might mean you can provide less cupboard space elsewhere. Think hard about mattresses. Some tenants may ask for new mattresses before moving in.
Fitted or freestanding: which is best?
Consider fitting shelving and other built-in storage. You may find it less costly than buying freestanding cupboards and wardrobes. A good set of sturdy built-in shelves will only require a coat of paint now and again whereas you may need to replace freestanding pieces if they are less robust.
Fittings & Fixtures: sort the must-haves from the optional
Even the tenants of a partially furnished unit will expect certain items to be supplied, such as fridge and microwave ovens. Most landlords may also include a washer cum dryer machine. Extra requests such as dishwashers and convection ovens are reasons to increase your rental rates.
It makes sense to supply curtain tracks or rails and hang and fit blinds so that you know the work has been done safely and to a good standard. If these are not supplied your tenants may be tempted to have a go themselves, which could turn out to be more costly. Many landlords prefer to fit bathroom mirrors for the same reason.
Check your budget
Weigh up whether the increased rent you can charge for a fully furnished property will make up for the ongoing cleaning, repair, maintenance and replacement costs that providing furniture will incur.
You (or your agent) will also need to factor in time for managing repairs and maintenance in your unit. For these reasons, some landlords prefer to rent partial furnished if at all possible. This means less upkeep and maintenance and reduces the risk of a dispute with tenants.
Keeping your inventory on track
An inventory listing is crucial for helping to settle any disputes around property damage. Also known as a schedule of condition, an inventory listing is a form that lists a property’s contents and their condition. It can also include photographs and videos (sometimes).
Inventory listing should be carried out before a new tenant moves into your property and again before the same tenant moves out. The inventory listing will document any damages you may need to be compensated for.
You (or your agent) and the tenant should be present for both the initial and subsequent inventory inspections.
For furnishing quotations and fit-out services, kindly call or send message to : 012-307 7727 / 012-300 5899 / 016-3237880