How to furnish a flat for rent
Less accessible mortgages and rising property prices are driving growing interest in rentals. In major cities, dozens of applicants respond to advertisements. At first glance, it may seem that letting a flat only requires advertising it and waiting for applicants. However, if you want to achieve long-term and maximum returns, certain adjustments may be necessary.
Published 16/1/24, 8:08 am
Furnishing a flat for rent
There is no clear-cut answer to whether a flat should be let furnished or empty. Property experts agree that the ideal approach is to strike a balance and offer the flat with essential basic furnishings. Most tenants expect a rental flat to already include basic equipment. This includes a fitted kitchen with large appliances such as a fridge and cooker, as well as a washing machine and ample storage space in the form of built-in wardrobes in the hallway or bedroom. The living room should have basic furniture, such as a sofa and wall unit, as well as lighting, of course.
Remove your personal belongings
A flat intended for rent should be cleared of all personal belongings, whether they belong to you, your relatives or previous tenants. These commonly include kitchen utensils, curtains, bed linen and similar items. Before advertising the flat, it is best to remove these items and, if necessary, offer them to prospective tenants should they need any of them.
Not a storage place for old furniture
Even though it is a rental flat, it is important to bear in mind that it will be someone’s new home. Therefore, do not leave old or damaged furniture in the flat. A rental flat should not serve as storage for things nobody else wants. Before letting it, take the time to clear out everything that does not belong there.
Minor repairs to a rental flat
The flat’s walls should be freshly painted in a neutral colour. It is also advisable to inspect small details such as trim, door handles, fittings, switches and so on. Repairing these details can significantly improve the overall impression of the flat. Such small matters can affect the price at which you let the flat. If you are letting a space where the door handle comes off in someone’s hand, it may discourage many prospective tenants or prompt them to negotiate the rent.
Appropriate market rent
Rent valuation is influenced by several factors, including the layout, location and condition of the flat. It is advisable to compare prices with similar flats in the same area and take rent price maps into account. Professional real estate agents can help set the rent so that it is competitive yet appropriate. We offer this service free of charge to our clients.