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Rent
unfurnished or furnished ?? Recent market research has detected a shift by tenants away from furnished to unfurnished apartments. Is it just a passing phase or the start of a new trend? I was surprised to find a
real lack of good quality unfurnished accommodation in the It is true that corporate
clients who are looking for short to medium term leases still require
furnished accommodation. However,
residential letting is now an important
and dynamic part of the property market.
A vibrant letting market exists in A recent ‘phone in’ on BBC Radio Five Live discussed the issue of home ownership compared to renting. The popular opinion was that while we would still prefer to buy - a Scotsman’s home is his castle, so to speak - the programme indicated that renting is now a real lifestyle option. The demand for unfurnished rental property indicates tenants are already established in terms of furniture and some may have white goods. They may have sold to rent or just see renting as a short term option. In the current market there is little monthly rental difference between furnished and unfurnished. As one of our more recent clients said: “For me renting is a short term arrangement while I prepare to purchase my own place. As I had quite a bit of furniture already it was a straightforward decision to rent unfurnished. It will also allow me to put together more furnishing ready for my own place. Another benefit is the rent for unfurnished is slightly cheaper, not much it must be said, but every little helps.” At all levels and ages, the rental trend is towards unfurnished property, sometimes known as ‘part-furnished’; most modern rental property comes with carpets, curtains, electrical fittings, fully fitted kitchens and attractive bathrooms. With the exception of the furniture itself, a property being shown to let for the first time should look no different from a builder’s show house. So why go for unfurnished?: A furnished property may be completely decked out with TV, sofas, tables, beds, curtains, carpets, wardrobes, washing machine and every other conceivable home comfort. Private tenants may have all of those things having already been living in unfurnished owned or rental property. You have the advantage of not having to put up with the style selection of the landlord, which can often be far removed from your own. You are less likely to lose your deposit. If all of the contents of the house are your own, then you have less of a worry about damaging the landlord's possessions and losing all or part of your deposit money. Unfurnished properties are slightly cheaper to rent. You can start to acquire furnishings for the future if you decide to buy and have a head start. Renting unfurnished lets you try living to the full in an area before buying but gives you the flexibility to move on at a months notice 620 words Further
media information: John Benn at Elan Public Relations 01436 672600 or johnbenn@elanpr.co.uk |
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