As a landlord you must know that there is a lot of work that needs to be done when it comes to how you market and present your property. It depends on you if you want to furnish it or not. You will get to know some basic ideas in this blog post on how to furnish your property that is a combination of Attractive, Functional and a Wise investment on your part.
Consider your rental property’s location.
Keep in mind the location of your residential flat. If it is situated within the commuting distance of a major city, it is quite likely that your probable tenants are going to be young professionals.
On the contrary, if your rental property is a home situated in a suburban area which is linked to Shops, Schools, and Amenities, it will probably appeal to Couples, Families, and Students.
It is important to determine the demographics of your tenants so you can furnish the property according to that. A young professional is probably going to want functional, modern furniture that looks the part: white walls, a flat screen television, and leather sofas are a must haves.
Families might expect to see a cozy living area, adequate storage for all their belongings and a well-equipped kitchen simultaneously.
Do not spend a lot of money.
Though most tenants will be respectful of your furniture but there is always a risk that something will get damaged, broken or stolen.
Invest in items that are robust enough for renters but not very expensive that it will cost you too much when things need to be replaced.
There are many shops like IKEA that offer good quality furniture without you needing to break the bank. They will also be modern enough to make your rental look attractive to a wide range of people.
Anything that is of sentimental value should not be added.
Once you allow your tenants to be in, be mindful of the fact that there is a chance that they may cause damage to your property which will be a big loss. So, do not add anything that holds a significance importance to you. Before you let anyone move in, remove anything that is of sentimental value to you. Your precious belongings are priceless and is impossible to replace so avoid placing them in your .
Be open to change.
Landlords are going to need to be flexible about tenants needing more control over the period of time. So, be open minded about swapping some of your furniture for theirs as many tenants will want to make the property feel like their home.
Consider storing yours in cheap self-storage until you are able to find another permanent home for it. Your tenants may ask to move their own sofa in.
Whenever you move furniture in or out of the property, just be sure to update your inventory. For keeping items in good shape, make sure that your tenants stay responsible.
Nowadays, people prefer moving into furnished properties because of the ease of already available furniture and appliances. However, you may not be the first tenant to live there, if you are planning to rent a furnished home.
Quality of furniture and appliances is one of the biggest concerns most people have as well as their present condition. You need to make sure everything is in a working condition and order.
In the event of shifting to a rented property, you can keep your furniture and belongings at a self-storage unit. In this way all your belongings will be kept safe and secured. When you need to shift to a new apartment then you can collect all the furniture and your belongings to take with you at a new place.