As a landlord, your priority will be to keep your investments safe, secure and profitable. Ensuring that your property is well furnished goes a long way towards doing that, but as with all investments, you must be strategic and purposeful.
Furniture packages provide plenty of advantages and very few drawbacks. They look good, are highly functional and are reasonably priced and are easy to customise. They also save precious amounts of time, which is important when you are dealing with tight schedules to avoid void periods. But can these benefits considerably boost profitability? Let’s take a closer look.
Retain high-caliber, High-Paying Tenants
For any investment to be successful, it needs to start making money as soon as possible, so attracting the best possible calibre of tenant is, therefore, a key foundational principle.
Nothing will scare away a good tenant faster than unfashionable, mismatched and dated furnishings. You only have one chance to get this right, so why take the risk? The right furniture package, expertly designed, priced and installed, will give discerning renters the best idea of how your property fits into their busy lifestyle.
Top tenants pay top rent, and if they are happy and certain they are getting good value for money, they will not hesitate to renew, giving your profits a further boost.
Also Read: Is Investing in London Real Estate Still a Wise Choice?
Reduce Unprofitable Void Periods
Even if a tenancy has come to an end, there need not be any shortfall in revenue if you are able to put the property back on the market speedily.
Furniture packages can be quickly and efficiently installed, and viewings can then be easily scheduled. This has the effect of keeping any void periods as short as possible. It is also a good opportunity to upgrade and expand a property for it to command higher rents.
Remain in Control of Your Investments
At first consideration, furniture packages may not seem like a money saver. However, the furniture in our packages is like-for-like cheaper than available on the high street and includes installation and delivery in the price. This means fewer replacements and a tangible difference in quality that tenants assess when deciding whether to rent a property.
As an investor, you will continually seek ways to harness your resources. The knowledge that you can have the perfect furniture package designed, sourced and delivered is an excellent impetus for any landlord wishing to expand and improve their portfolio.
Landlord furniture packages are not a simple shortcut for time-poor investors. Instead, they’re a smart way for savvy investors to save considerable time and money. In the right hands, they are an invaluable business tool that gives you an edge over the competition.’
