Boost Your Rental Success: Furnishing Tips for Landlords

Are you a landlord looking to maximise your rental property’s appeal? The secret could well be in the furnishings. A well-furnished property can command higher rent, attract a larger tenant pool, and increase profitability. But how do you strike the right balance between style, functionality, and durability? Here are some top tips to help you furnish your rental property for success.

Firstly, understand your target market. The tastes and needs of your potential tenants should guide your furnishing choices. For example, a property aimed at young professionals might require a different style and furniture set compared to one intended for families.

Secondly, opt for durable and practical furniture. Tenants appreciate furniture that can withstand wear and tear. Consider materials like leather or high-quality synthetics for sofas and easy-to-clean surfaces for dining tables.

Thirdly, keep it neutral and timeless. Neutral colours for walls, carpets, and larger furniture pieces appeal to a broader range of tenants. They also allow tenants to personalise the space with their own accessories. Timeless styles, on the other hand, have a wider appeal than trendy ones.

Next, maximise space and functionality. Furnish the property in a way that optimises space. Multi-functional furniture, like sofa beds or ottomans with storage, can be a great way to make the most of smaller spaces.

Don’t forget to provide essential appliances. A fridge, washing machine, and cooker are expected by most tenants and can significantly enhance your property’s desirability.

Avoid overcrowding the space with too much furniture. Leave enough room for tenants to move around comfortably and add their own personal touches.

Pay attention to aesthetics. Aesthetically pleasing properties are more likely to be rented quickly. Add a few decorative elements like curtains, cushions, or artwork to make the space welcoming.

Lastly, consider the long-term maintenance and replacement costs of the furnishings. Choose items that are cost-effective to maintain or replace.

Furnishing your rental property effectively can transform it from a mere space to an inviting home for potential tenants. By focusing on durability, neutrality, and tenant appeal, you can create a property that stands out in the competitive rental market. Remember, the right furnishings not only add value to your property but also to the rental experience you offer.


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Finding a mortgage

Buying a house is a massive investment and getting it just slightly wrong can be costly. Unless you have big savings, chances are you’re going to have to get a mortgage. It’s a loan secured against the property which means if you can’t meet the repayments the lender may repossess your home and sell it to get their money back.

The better you understand mortgages and everything to do with them, the better armed you will be to get the very best deal. With MMR in place, you’ll need to review your finances themselves before approaching possible lenders to see whether you can afford the monthly payments now and if interest rates go up, which they will…

What is MMR?

When it comes to finding a mortgage you have several options: mortgage brokers, individual banks or searching online. Again, it’s important to do your research. Searching online first, gives you a good idea of what’s available, but an independent mortgage broker can provide a more in-depth search and help you through the process. Being independent holds great value as they are not bias to any particular lenders or deals, they will give you their honest opinion and take away the stress of working your way through the mortgage market, they work for you to find you the best package to suit your requirements.

For more information on the current mortgage rules and deals, contact your local branch today to arrange an appointment.

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