Landlords and investors often ask us whether they will get a good return on investment from dressing their property with a full furnishing package, and the answer is, by and large, YES!
Fully furnishing and dressing your property will provide short and long-term benefits for you and your prospective tenant. In this blog, we will show undressed Vs dressed examples of a property at Berkeley’s new Green Quarter development.
What does a ‘dressed property’ actually mean?
To answer this question you need to ask yourself, “can a tenant move in with just their suitcase?” If the answer is no, the property will be considered undressed. A ‘dressed property’ is often confused with a ‘furnished property‘.
Many investors and landlords presume that because a property has a bed and a dining table and chairs, it is considered dressed. This is not the case. In today’s competitive market, tenants’ expectations are higher than ever and first impressions have never counted more.
What does a fully furnished, dressed property include?
Fully furnished, dressed properties enable the tenant to move in without having to purchase anything. This means that linen, crockery and electrics are all covered. Take a look at our entry-level, gold pack’s full inteinery for a full list of what your flat should include to be deemed ‘ready to move in’. Landlords should bear in mind that tenants’ budgets are likely to be bigger if they know that they don’t have the cost of purchasing anything themselves. Our high-quality furniture packs also come with a guarantee, meaning furnishings and accessories can be reused for a long line of tenants.
Will dressing a property increase the return?
A landlord’s main concern from the rental property is return on investment. For this reason, landlords are sometimes reluctant to spend money on fully furnishing and dressing a property without the guarantee of higher rent than left unfurnished and undressed. However, investors must remember that unfilled properties generate zero return, quickly diminishing ROI. Properties fully furnished and dressed by InStyle Direct rent, on average, three times quicker than identical, unfurnished properties in the same building.
Why use InStyle Direct’s full furniture packs?
As well as having the competitive advantage of high-quality furniture and furnishings, we are uniquely positioned with a team of property experts who know the London property market inside out. We partner with some of the UK’s biggest property developers who rely on us to deliver appropriately furnished properties that attract the ideal tenant.
Our property experts know the current market in your area and will tailor the services appropriately. From the colour of the sofa to the style of artwork on the wall, our real estate experts work with our interior designers to curate the correct interior solution for you. It’s the reason our properties go twice as fast compared to competitor-furnished properties.
“Flats furnished by InStyle Direct at The Green Quarter have gone twice as fast as those furnished by other interior design companies.”
–Nick Hubbard, Branch Manager at Benham and Reeves Estate Agents