Here at AGT Property Management and Lettings we have many years experience in the rental property market in Peterborough. We have dealt with many landlords and tenants over the years. This makes us well placed to be able to answer landlords’ questions. One of the most popular questions we get from landlords in Peterborough is if they should rent their property furnished or unfurnished.
It’s important to think about the cost of furnishing your rental property in Peterborough. While you won’t be able to get the exact cost, it’s a good idea to do some calculations so you have a rough idea. When it comes to furnishing your rental property though, you need to consider the tenants that you want to attract.
For example, if you are renting an HMO property then the basics in the form of beds, wardrobes and standard white goods are likely to be enough. This is especially the case for student accommodation where you are expecting a high turnover of tenants.
However, if you are looking to attract someone that is looking for luxury living and willing to pay a higher price for this, then you need to spend more on the furnishings. These people will be more likely to look after the property and furnishing better as this is their home for a long time. Offering a higher level of furnishings means that you will create a more homely feel for the tenant, so they will want to stay for a longer period of time.
If you’re looking to save money on your furnished rental property in Peterborough, don’t be afraid to look in charity shops. You can get some really good quality furnishings that will look great and last the test of time, without breaking the bank.
There are pros and cons to furnished and unfurnished rental properties in Peterborough. You just need to think about the area that you are renting and the tenant you want to attract. This is something our rental experts in Peterborough can help you understand. We have the experience you need to help you create the best rental property for your ideal tenants.
Renting an unfurnished property in Peterborough can often be the cheaper option, but is it best for your target tenant? An unfurnished property will mean that you don’t need to worry about insuring the property’s contents too, but again, this is something that our property specialists in Peterborough can help you with.
