Furnished properties can vary in the level of furniture and furnishings offered, making it extremely important that prospective tenants find out exactly what is being included in furnished properties before signing any contracts. When viewing rental properties on the market, remember that the furniture and decor may all belong to the current tenant, and shouldn’t be the sole decider for signing the contract.
What’s included?
An indicator of varying levels of furnished property is if it is advertised as ‘part-furnished’. This will often mean that white goods (such as fridges and washing machines) are included as they are the essential appliances needed to live in a home. When a property is advertised as fully furnished, this would usually include the white goods as well as basic furniture such as a sofa, bed, and wardrobes. However, this is not a consistent list so please always check this information with the landlord or agent so that you are clear on what is on offer.
Furniture First
The advantages of taking a property that is already furnished is that it’s ready for you a tenant move straight into. This makes the often-stressful experience of moving to a new house a breeze with no additional costs of hiring transport to move furniture.
One downside for some could be that it takes longer to make the house their home because the furniture is not owned by the tenants.
A blank canvas
With unfurnished lettings, the tenant is able to make the space their own. Though typically speaking, a one bedroom apartment would benefit from being furnished compared to a five bedroom detached property.
But which is more popular? There are no rules or specifications that landlords must follow when listing a property for rent so it is entirely up to them what furnishings (if any) to include. General insights show that furnished properties are more attractive to younger tenants who often are yet to buy any furniture of their own whilst simultaneously provoking greater competition between prospective tenants, so be prepared for these properties to be popular.
Older tenants or families tend to move into unfurnished properties, which can act as an indication that the tenants are set to stay for longer due to the investment they have made. One thing also worth noting is that landlords are not obliged to take out content’s insurance (unless it is a contractual condition such as in buy-to-let schemes). It is up to tenants to take out contents insurance to cover their own furnishings, so make sure to protect your possessions.
For more information and advice you can speak to me on 0161 442 1118 or email me directly at danbiddle@julianwadden.co.uk
