Could I increase the rent by furnishing?

Property Expert:
Stephen Ludlow
Director, ludlowthompson.com
Q: Could I increase the return on my buy to let investment by furnishing the property?

Pic: Furnishing buy to let 

You rarely recoup the cost of your investment in the rental.
Stephen Ludlow, Director
Stephen's Response:
Contrary to what you might expect, furnishing a property does not always guarantee an increase in price. Letting Agents generally advise against major home improvements. This is because you rarely recoup the cost of your investment in the rental. However, there are a number of simple techniques that help influence interest in your property, such as installing a power shower (which most professional tenants expect these days). Going a step further might involve some minor decorating. Your Agent should help you to decide what, if anything, needs to be done to show your property to its full potential.
Disclaimer:
Neither ludlowthompson nor their ‘experts’ take any responsibility for any action or loss incurred by readers of these pages. The reader acts on advice at their own risk. Answers to questions are not exhaustive. Financial advice must always be sought from a professional financial adviser.

 

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