There is no right or wrong answer to this question. Furnished and unfurnished properties both play an important role in the lettings market. Tenants’ circumstances vary and a property that is perfect for one tenant can be completely wrong for another. Which option is best for you as a landlord will depend on a number of factors.
Smaller properties in city locations are more likely to be let furnished. This is because the rental market for this type of property will generally be younger in age. Properties like this will attract first time renters who have just left home and young professionals who are not looking for somewhere long term to stay. Moving into a fully furnished flat is usually a good option for this type of renter. They will not need to supply their own furniture and will be able to move straight in with minimum fuss and effort.
Larger flats and houses are more likely to be let unfurnished. However, the actual definition of an ‘unfurnished property’ can vary. In general, they will have as a minimum, carpets or flooring, curtains or blinds, kitchen fittings, white goods (fridge, freezer, washing machine etc.) This type of property tends to attract more mature tenants with or without families. This is because this type of tenant is more likely to have acquired their own furniture over the years and will want to use it to furnish and personalise their new home.
Before making any final decision on whether to let your property out furnished or unfurnished, it is also a good idea to spend some time investigating the demand for each, in your area. Go online and check out how properties, similar to yours, are being let in your area. This is where employing a good local letting agent like Western Lettings can really help. They will have experience of the advantages and disadvantages of both options. They will be happy to use their intimate knowledge of the letting market in your area, along with your own particular circumstances to help you decide on the choice that is right for you.
If you are looking to let your property and need some help, Western Lettings is an award-winning letting agent in Glasgow. We know the local property market inside out can help you decide on the best way to let your particular property. We also provide full property management services. Please get in touch or give us a call on 0141 357 0436