The 3 Key Components Every Unfurnished Rental Property Should Have

Written by Daisy Moss Posted On Thursday, 04 March 2021 21:38

The rental market is very competitive, but luckily there are a few things you should do in order to give your property the edge! Aside from the obvious essentials such as gas, electric, hot water etc, as a landlord it is advisable to make sure that the property has decent flooring, good quality blinds and reliable appliances. 

Not only will this help you to draw in more potential tenants, but it will also give you the opportunity to increase the monthly yield. The initial investment will definitely be worth it. 

Decent Flooring

Investing in decent flooring for your property is essential, as bad flooring or old carpets can be a real turn-off for potential tenants. Having decent flooring will not only look great for the tenants, but it will also be more durable than cheaper options, so you will save money in the long run. 

Make sure that flooring is low-maintenance. Throughout the main downstairs living areas, I would opt for hardwood flooring, as it is durable and will not easily be stained. Then go for an appealing dark grey or dark beige carpet on the stairs and in the bedrooms. 

Although this might be costly upfront, it is definitely an investment worth making, especially as good hardwood flooring can last between 25 and 30 years! 

Good Quality Blinds

Although you are not obliged to put blinds into your rental property, it will be a feature that makes it much easier to find tenants. Not only will it be appealing, but if you don’t fit them tenants may attempt to do it themselves and cause damage. 

You are best investing in custom blinds that have been fitted by a professional. This will keep the property looking neat and will prevent any unnecessary damage. Go for wooden blinds as this will look seamless with the flooring. You want to make sure that anything that is in the flat matches nicely. 

Reliable Appliances

Finally, you should invest in reliable appliances for your tenants. Again, although this may require an upfront investment, you are best spending more to buy appliances with a warranty. Buying the cheapest appliances possible will probably result in you spending a lot of time trying to rectify any problems and it also will not encourage tenants to stay if they can’t rely on the quality of the property. 

Invest in a reliable fridge, freezer and washing machine at a minimum. In order to attract more tenants, a dishwasher, tumble dryer and microwave would be great additions. Again, make sure they match, are clean and go with the style of the room. 

Final Thoughts

These components will help you to save time and money in the long run, as well as helping you to attract more potential tenants and increase the value. Even if it is not essential for you to include something, it can help your tenants to settle and might encourage them to stay in the property for a long time which is great for you as a landlord.

Rate this item
(1 Vote)

Agent Resource

How to capture your next prospect - click here

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.