The decision to let your property furnished or unfurnished is just one of the many decisions that landlords face when letting properties for the first time. There are benefits to both, and letting property largely comes down to comparing the up-front costs against the potential for a higher monthly rental income.
The decision to let furnished or unfurnished has bigger repercussions for your rental property than you may think. Not only will it affect your target market when looking for tenants, it will also influence how much you can feasibly charge for rent, as well as the potential wear and tear your property may suffer.
The benefits of a furnished property
And a few reasons to have an unfurnished property…
To furnish, or not to furnish? That is the question. What this decision will most likely come down to whether the potential for income in the future justifies the upfront costs. You don't have to provide expensive furniture to make a difference, but it should be serviceable, clean, safe and appealing to the type of tenant you're hoping to attract.
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