The Benefits of Furnishing Your Rental Property: Is It Worth It?

As a property owner, one of the key decisions you’ll face is whether to furnish your investment or leave it unfurnished. If you’re buying a new-build apartment in a city centre location with 1 or 2 bedrooms, yes, we advise you to furnish the apartment to maximise appeal for tenants.

That being said, if you’re investing in something larger, or a property outside city limits, the target demographic will be more varied and less transient, so often calls for a different approach. In such cases, you’ll be able to lean on our years of experience as we guide you appropriately based on the specifics of demand in any particular market.

In this blog, we’ll explore the benefits of furnishing your rental property and why it might be the right choice for you.

1. Higher Rental Income

One of the biggest advantages of furnishing your rental is the potential for higher rent prices. Tenants are often willing to pay a premium for the convenience of a fully furnished home, depending on the location and demand.

2. Faster Lease-Up Time

Furnished rentals tend to rent faster than unfurnished ones, particularly in high-demand markets. Many tenants are looking for a hassle-free move, and a fully furnished property saves them time and effort in buying furniture. A quicker lease-up time means fewer void periods and more consistent rental income.

3. Stand Out in a Competitive Market

A well-furnished property can differentiate itself from the competition. If most available rentals in your area are unfurnished, offering a stylish, fully equipped property can give you a competitive edge and attract quality tenants faster.

If your property is in a high-demand area for professionals and students, furnishing your rental could be a wise investment. It’s an option worth considering with higher rent potential and faster occupancy benefits.

We’re here to maximise your returns, so if we can reduce costs for you by avoiding furnishing altogether or leaving some spaces flexible until the point of receiving an offer, we’ll do just that.

Our relationships with exceptional furnishing suppliers across the country mean that whatever the best solution, we’ll be able to deliver it at a market-leading price.

Looking for advice on the options for furnishing your rental property? Speak to one of our experienced team today.