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Presenting your property
Whether it’s your own home or a rental investment, it’s important to think about the kind of tenant you are trying to attract and present your property accordingly. As a general guide, when refurbishing an investment property you should consider the following:
■Wall colours and finishes should be of neutral tones to provide a blank canvas, allowing the property to appeal to more tenants.
■Wooden floors are very desirable and easy to maintain
■Kitchens should be equipped with a dishwasher, large fridge/freezer, washing machine, tumble dryer and microwave
■Bathrooms should have high quality fittings and be well lit with good storage. Good ventilation is also a must
■Bedrooms need ample wardrobe space. Many tenants want properties that can support the latest technologies, so it’s important to ensure that any required cabling is added during refurbishment
■Communal areas and/ or entrance hallways should ensure a good first impression. Also bear in mind the “kerb appeal” of the exterior
Simply furnishing a property won’t necessarily affect the rental price, but the quality of the furnishings certainly will. Any furniture should be neutral and modern. You should expect to spend 2-3% of a property’s purchase price on furnishings. For example, the budget for furnishing a standard two bedroom central London flat with a rental of £450 per week would be in the region of £12,000
With a short let property, the tenant must be able to live comfortably having just arrived with a suitcase. As such, all furniture, kitchenware, crockery, linen and laundry, including sufficient towels must be included.
Our Interior Solutions department can help maximise your property’s appeal and ultimately the rental return. They can even provide furnishings to temporarily dress properties, while they’re on the market.