Furnished vs unfurnished

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Furnished vs unfurnished

    Hi All,

    we own a centrally-located 1 bedroom flat which we're about to start renting out as we are moving abroad.

    Just wondering whether any of you have experienced renting out both furnished and unfurnished small apartments, and if so which one worked out best in your case. Horror stories welcome too

    #2
    I have a small 1 bed flat which I have let for 12 years. Never been furnished. When I initially bought it, I asked agetns advice, and he said there is not much difference in the rental between furnished and unfurnished, and you also have the added cost of updating, refreshing and cleaning it all on a regular basis. You also need to ensure all soft furnishings are up to current fire regs - check if you are buying 2nd hand that things comply. Plus any repairs/breakages not caused by the tenant's misuse, must be repaired/replaced asap at your cost, although you can claim a wear and tear allowance against the tax on your rental income.

    You also qualify for up to 6 months council tax exemption if it is empty between lets.

    My flat has curtains, carpets, bathroom cabinet and shower curtain, and lampshades! Never had a problem letting it.

    Comment


      #3
      Maybe speak to a local agent to see what they think. I was told that I could charge an extra £25 a month for leaving a few pieces of furniture that I didn't need and that it would be attractive to the type of renters who would like my flat. Also I then got to claim a 10% wear and tear allowance on my tax return, but I do have to pay council tax during voids.

      A lot depends on would you have to buy lots of items to furnish the property and what your target market would prefer.

      Comment


        #4
        If possible, try to rent unfurnished.
        Allow tenants to protect their own deposits. I want free money when they do it wrong

        Comment


          #5
          I think as stated above it depends on the local market. I would generally advise unfurnished as if you are not in the country do you want the hassle of dealing with a chair leg that's broken for example?

          Comment


            #6
            Look at the bottom of the screen and click on any number of other "furnished or unfurnished" threads...

            Comment

            Latest Activity

            Collapse

            • Reply to New Covid rules
              by Hudson01
              As said above, try to talk to him but it appears he has already started to pull up the drawbridge !!! Be prepared for no rent once you tell him you are selling and if this idiot govt extend the ban again then bank on a least a year to get the property back (without rent).
              19-04-2021, 05:58 AM
            • New Covid rules
              by Carpman
              Hiya. Can anyone give me any advice please? We have a rental property on a shorthold tenancy. Tenant has always been regular as clockwork with the rent - funded by a forces pension he receives. I would say that he is not a very stable personality either. We didn't get the rent in April. My husband...
              18-04-2021, 11:02 AM
            • Reply to Tenant grandsons urinating in our shared back yard.
              by Hudson01
              Do this...... they sound awful and the exact type of people to take advantage of their elderly grandmother thus '' doing what they like '', its a common problem when young half-wits take advantage of an older relative. Difficult to deal with though, i doubt the Police will be interested, maybe the councils...
              19-04-2021, 05:53 AM
            • Tenant grandsons urinating in our shared back yard.
              by Thomas steve
              Hi
              2 of my tenants grandson are urinating in our shared yard.
              she is a sitting tenant that has been there for 40+ years and apart from this she is a good tenant.

              I have brought this up with a tenant several times and been assured that she will put a stop to it. But it’s still...
              18-04-2021, 14:24 PM
            • Reply to Evacuation of Tenant
              by Hudson01
              Well as part of my landlords insurance i have alternative accommodation cover......... this will house the tenant should this exact thing happen, do you have such insurance ? Also why would the tenant have insurance for your property to be uninhabitable ? To be honest you are lucky they have served...
              19-04-2021, 05:49 AM
            • Evacuation of Tenant
              by berrahri
              There was a landslide and my Tenant had to be evacuated. They cannot return because access to the property is not safe.
              They had been reasonably okay Tenants, but as soon as this event occured they have treated me like the enemy! Everything I have advised appears to have been treated with suspicion...
              19-04-2021, 00:23 AM
            • Reply to DPS dispute resolution service
              by Chester Perry
              £900 deposit and the Letting Agent requested the whole deposit as the cleaning and redecorating to fix non wear & tear damage was estimated at approx £4000 and also they stole / took 2 x fridge freezers. Independent inventory on moving in and moving out backed all this yet the TDS awarded £700!...
              18-04-2021, 21:14 PM
            • DPS dispute resolution service
              by Thomasdiets123
              What's everyone's experiences with the DPS dispute service. Did you get what you claimed? Did you have good evidence to back it up?
              Thank you....
              12-04-2021, 16:37 PM
            • Reply to Rent arrears
              by Bixwier
              Have any evictions ever gone ahead since cv19?

              how long is the backlog now? Are bailiffs actually working?

              what happens if tenants say they have symptoms and are shielding?
              18-04-2021, 18:09 PM
            • Rent arrears
              by MP31
              Hi

              So I have a tenant who has build up large rent arrears and I have gone through the process with the solicitor of S8 for rent arrears and I have a court date In April. The tenant left the house last Monday and informed me they had left.
              To me it seems unlikely I will ever get...
              21-02-2021, 07:43 AM
            Working...
            X