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How the right furnishing can attract the right tenant to your rental property

 When considering renting a property, factors such as location, budget, facilities, furniture, interior decor, and maintenance are crucial. One of the key considerations for tenants is choosing between a furnished and unfurnished property. Because the difference between the two is between a house and a home. A fully furnished flat includes all the main appliances, bathroom fixtures, carpets and curtains or blinds, as well as essential furniture such as sofas, armchairs, dining table and chairs, beds, wardrobes, and drawers. 

Proper furnishing can instantly enhance the appeal of a property, creating a welcoming home for tenants. Imagine being a tenant arriving in a new town with only suitcases, and finding a home where you can simply unpack and start living. What you need next is grocery shopping and bringing home some flowers. As a property owner, envision sharing photos of these well-furnished rooms on social media, effectively marketing your property.

According to the 2021-22 English Housing Survey, more than a quarter of homes in London were privately rented, significantly higher than the UK average of 17 per cent. A finding by Manor Interiors says that over a quarter of UK tenants would more likely view a rental property if it was already furnished. Another 26 per cent would actually rent a property that was furnished rather than one which wasn’t, it maintains. Tenants are prepared to pay more per month for a secured, well-furnished property, it adds.

Evidently, the rental property market is highly competitive, and property owners must do more to attract well-informed tenants. Properly furnishing your property is a worthwhile investment that can make it stand out. By doing so, you not only serve your prospective tenants well, but also benefit yourself.

*Written for a client in January 2024

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