Here at AGT Property Management and Lettings in Peterborough we help a lot of landlords get the most from their property. One of the questions we are frequently asked is if the rental property should be furnished or unfurnished. While the difference between furnished and unfurnished properties in Peterborough may seem obvious, there is a lot to consider.
For example, while an unfurnished rental property in Peterborough it doesn’t mean it is an empty shell. While it won’t include things like beds, wardrobes and sofas, there will still be some things required. For example, the essentials such as flooring, bathroom fixtures, kitchen appliances and window coverings will still be required.
However, when it comes to a furnished rental property in Peterborough it is expected to be ready for the tenant to move straight in. For example, you might have beds, wardrobes, sofas, dining tables, chairs, white goods and more. In some cases, there will be kitchenware, rugs, lamps and similar in a furnished property.
There is also a middle option between a furnished and unfurnished rental property. This is known as a part-furnished rental property in Peterborough. Generally speaking, this will include a sofa, bed, a wardrobe and some white goods. The rest is left for the tenant to supply.
There is no right or wrong answer to furnished or unfurnished rental properties in Peterborough. It really is dependent on the property, property location and tenants that you are hoping to attract. For example, if you are looking to attract short-term tenants and weekday commuters, these tenants will prefer a furnished property. This is the same for overseas tenants relocating to the UK or young professionals working in the city centre.
Meanwhile, if you are looking to attract families that want stability as your tenants, an unfurnished property will be more suitable. Long-term tenants who want to make the rental property their own home will also prefer unfurnished properties. This is the same for tenants that have their own furniture.
Need help deciding if you should have furnished, unfurnished or part-furnished properties in Peterborough? Contact our lettings experts. We can talk through the current property market with you and explain what tenants are looking for. This will help you make an informed decision about your rental property portfolio in Peterborough.