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I’m planning to rent out my property, should I let it furnished or unfurnished?

As a landlord you always have choices when it comes to letting your property whether you let it part-furnished, fully furnished or unfurnished however it is inevitable that these choice may give advantages and disadvantages to your letting, but still the decision will always be determined by you. In some areas, furnished properties are more in demand compared to unfurnished ones which has lesser demand. The choice you make will also contrast with the type of people you want to occupy your place and what pros and cons must be considered.

 

If you are letting an unfurnished property, then you don’t need to think of making initial expenses in purchasing new furniture and you won’t be responsible anymore in repairs to damages made during the tenancy or even replacing something in the end. It will also make the deposit return more easy since you don’t have things to be damaged and to be taken into account. Many tenants have furniture with them during the move in and they don’t want to put their things useless.

On the other hand, letting a property that is completely furnished is very appealing to tenants, especially to students since they still can’t afford to buy their own furniture. However, it is very likely for a furnished property to be expensive but the expense will still be return if you put a higher rent amount to the property. In an event that you want your property back then you can either use the furniture or offer them to other tenants who might be interested. Landlords can also claim a tax-relief regarding the cost of replacing items in a fully-furnished property.