Too often landlords think furnishing their rental investments with low budget or second hand furniture is good enough to rent their property.
And while most will go, at what price and how long will it take to secure a tenant?
The property portals showcase a fine-looking selection of properties in your area day by day, with lots of beautifully presented houses and apartments that wink at the potential tenants to get them to pick up the phone and view.
Tenants prefer stylishly finished and well-kept properties over those that have seen better days.
They are also always willing to pay a few extra pounds for something that looks desirable.
It really is false economy to let your investment deteriorate and assume that furniture your granny no longer wants will be good enough to entice renters in.
Far too many landlords underestimate the power of decent modern furniture and a lick of paint.
My rule of thumb is to ask yourself if you would be prepared to live at the property.
If the answer is no then it’s time to pour some money back in.
There are some very good low-cost furnishing stores and furniture package companies tailored to the needs of the investor that can provide you good quality at reasonable prices.
If you are unsure whether your property is being presented in the best way and is able to capture the right type of tenant then speak to your agent who will be willing to give you good solid advice as to what tenants will find attractive.
I assure you a little money spent will reap the financial reward of a greater rental yield as well as attracting the right calibre of tenant. This in turn can minimise bills.