This week I have been talking to landlords about the benefits of letting a property out either furnished or unfurnished, and it seems that many landlords, especially those new to the residential propertymarket are finding it a bit of a minefield.
More and more landlords are deciding to let out a property unfurnished because they assume that no loose furniture in the property will give them an easy ride, but landlords should weigh up the pros and cons of both and consider the increased rental yields that can be achievedby renting a property out fully furnished.
A report launched earlier this week by The Associationof Independent Inventory Clerks (AIIC), suggests that many landlords avoid letting out a property fully furnished in case the furniture is damaged, but it is in fact damage to the fixtures and fittings, which are often the most costly to repair, making the case for providing furniture stronger than ever before.
In my experience, properties which come fully furnished can achieve much higher rental yields and they are generally let out far much faster than those left unfurnished, reducing void periods and opening the property up to those moving for the very first time, who may need thebasics providing.
Providing that as a landlord, you compile an air-tight inventory, providing furnishings need not be a cause for concern. When landlords come to Belvoir Sheffield, wenot only offer them a comprehensive credit referencing service of all tenantsand the most up to date legal advice available from our free legal helpline ,we also create a professionally written Inventory for them, including digital photographs to ensure that they are protected, should a dispute arise.
We also provide our landlords with a furniture buying service should they require it. We are able to supply all items of furniture as well as white goods andblinds or curtains. From one item such as say a mattress through to a full fitout. All items are delivered and installed saving both time and money for landlords.
Belvoir Lettings Agency Sheffield is the One Stop Specialists for Lettings including PropertyManagement, Tenant Find, Investment and Wealth Management Advice, Fit-outs and Renovations, Furniture Packs and Investment Property Insurances and Mortgages.
