Last year, rental prices rose to double the rate of the average UK wage and in 2014, the rental property market has continued to have the same healthy outlook with landlords achieving record high rent levels.
The recent increase in buy to let investments has made this market place very competitive, but there a few things you can do as a landlord to ensure you achieve the maximum return on your investment…
A well presented property with a high quality finish and furnishings might involve more outlay and work initially, but the benefits will make it worthwhile. Some of the obvious benefits would include:
- An increased rental rate – A quality finish enables you to charge a slightly higher rent for the same property.
- Reduced likelihood of any void periods – as the property is more desirable.
- A reliable, decent tenant – who will look after the property well and pay their rent on time!
Always use neutral colours when decorating any rental property; this is no place to get creative! Different people have very different ideas about the type of colours, patterns and finishes that look great in a home, so it is vital to play it safe and create a blank canvas that people can accessorise in the way they like with their own items later.
Always use excellent quality, durable paints that will last well and can be wiped down easily when necessary. Use off whites and pale shades to maximise light and the perception of space.
Choose durable, great quality floor coverings that will be straightforward for the tenant to clean and maintain,( having to replace poor quality carpets every two years is a total false economy in the long run).
Consider whether it is feasible to opt for tiles or wood rather than carpet as in terms of durability and ease of maintenance these floor coverings will save you a great deal of money over time and are well worth the initial investment.
Choose quality fixtures and fittings that are able to stand up to the type of wear and tear you would expect in any home. Poor quality fittings will be broken and damaged easily and the cost of replacement and maintenance callouts is simply not cost effective for a landlord.
For many tenants a well furnished rental property is a bit of a godsend, particularly if it is furnished tastefully! Providing the basics, i.e. beds, sofa and white goods, with a few very basic accessories will help you to successfully market your property by making it look great to prospective tenants.
Keep items to a minimum so that it is easy for anyone to walk in and feel comfortable, leaving plenty of scope for them to accessorise and make it their own.
Less is more, so choose a selection of excellent quality, great looking items of furniture that will be durable, present your rental property in the best light and make it look like an attractive and desirable space to live in.
Purchasing furniture for your rental property online from a reputable business is the fastest, most convenient way to select and purchase the items you need, when you need them at the push of a button!
Not Just Beds has a large selection of high quality, durable furniture for the bedroom, front room and dining areas and delivery on all items is completely free to any UK mainland address.
Many of our items can be delivered to you on the next working day, providing you put your order in by noon.
Get in touch if you require any help or information regarding our furniture or delivery times and we will be happy to help you to access the quality items you need to ensure your property is never empty for long!
Not Just Beds offer great discounts on all bulk orders.