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Buy to let: furnished or not?

Feb 22 2019 11:56:00

The very short (general) answer is to go for furnished – because that’s what’s come to be expected in the market place.

The slightly longer answer is that this statement covers all types of property and it’s not always the case for every property type or area. Ask yourself some questions:

  • Is there high demand for rental properties in this area?
  • What is the ceiling on rents in this area for this type of property both furnished and unfurnished?
  • What rental yield do I need from this investment?
  • Do I already have furniture or will I need to buy?
  • Do I need to spend any money to make it habitable?
  • What is the norm for properties in this area?

These questions will help you do the sums to determine the profitability for your individual circumstances of furnished vs unfurnished. 

Here's a bit of reading from the blog archives in which the Belfast Property Blog explain why we don't need to be afraid of letting unfurnished - and the reasons why I believe furnished has become the norm in the Northern of Ireland.