Define Fully Furnished?

miserly_mum

My Partner and I are in the process of buying a house to rent out. There is a demand for rental properties where we live (small market town) due to a lack of Council Houses.

I know we could ask more per month if it was part or fully furnished. Could anyone tell me what we would have to provide in the way of furniture ,appliances etc to class the Property as a) part furnished or b)fully furnished

Many Thanks in advance

Generali

I would say that fully furnished means it has all appliances and furniture that you need to live in a normal way, commensurate with the rent. So for example in the kitchen definitely a fridge and cooker, probably a washing machine and freezer, maybe a dishwasher.

clutton_2

the difference between furnished and nonfurnished rental is usually very small indeed in many areas

tenants who bring all their own furniture are far less likely to do a runner on you

plus if you supply electric goods you are advised to have an electrician to a PAT test on each appliance to ascertain safety

Premier_2

Ask a local LA what they consider the local definitions to be. They appear to mean different things in different parts of the country. The LA will also advise on what type of letting (ff/pf/uf) is best suited to the local rental market.

e.g. I've seen fully furnished to mean evrything supplied so that a tenant can just move straight in. e.g. including cuttlery, crockery etc. - often for students or excecutive lets. It can also be used as a term that means just the basic furniture for each room is supplied (e.g. dining table & chairs, settee, beds & wardrobes, kitchen white goods, etc)

Part furnished could mean it has some furniture left in it, but it is also often used to describe what is effectively an empy house except for carpets, curtains & kitchen white goods. But I've also seen part furnished which says in the details no white goods supplied.

Unfurnished can be anything from completely empty (e.g no curtains) upwards. I've seen some properties described as unfurnished but in the details white goods are clearly included (as well as curtains etc).

miserly_mum

clutton wrote: »

tenants who bring all their own furniture are far less likely to do a runner on you

That is an extremely good point and something I hadn't thought of, Thanks

OH is a Manager in a local Business and has quite a few employees looking for accomodation nearer work. Mostly guys in their mid/late 20's who are currently living at home and obviously don't have all the essential to move in with.

Thats why we were (only)considering renting with furniture. Basics like Sofa, table and chairs,cooker ,washing machine ,beds and drawers for clothes.

Blinds,carpets and existing laminate floors are included in the purchase price

angel81uk

The last FF flat I rented was a 2 bed ground floor flat. Included was carpets, blinds at front facing windows, 1 bed, 1 mobile clothes rail, 1 single futon, dining table and chairs, cooker, washer/dryer and fridge freezer. The rent was in line with other local properties that were furnished to a much higher standard so we did feel a little short changed but demand was so high in the area that if you didn't put a holding deposit down at the time of the first viewing you missed your chance. Would have been nice to have had a sofa, wardrobes and dishwasher as offered in other local properties but we needed to move quickly and beggars can't be choosers!

moneysavinmonkey

miserly_mum wrote: »

OH is a Manager in a local Business and has quite a few employees looking for accomodation nearer work. Mostly guys in their mid/late 20's who are currently living at home and obviously don't have all the essential to move in with.
e

What makes you think these guys will be able to pay enough rent to cover your mortgage? And if they couldn't wouldn't they just buy a house themselves?

Premier_2

moneysavinmonkey wrote: »

What makes you think these guys will be able to pay enough rent to cover your mortgage? And if they couldn't wouldn't they just buy a house themselves?

Where have you been for the last 6 months?
Google "credit crunch" and if the site is using the term in the correct sense, you'll see why some people can't buy their own property
Even if they are succesful in finding a lendor prepared to loan them the money, perhaps they can afford the £600-£800 pcm rent/mortgage, but they don't have the ten grand in their pocket to put down as a deposit on a property of their own (plus the other few thouand it'll cost to buy in legal fees, stamp duty, etc)

clutton_2

if you are going to provide accommodation for more than 2 unrelated individuals - you will need to discuss matters with the local council - as you may be then operating a HMO - a House in Multiple Occupation. - read up on yoru council website first

moneysavinmonkey

Premier wrote: »

Where have you been for the last 6 months?
Google "credit crunch" and if the site is using the term in the correct sense, you'll see why some people can't buy their own property
Even if they are succesful in finding a lendor prepared to loan them the money, perhaps they can afford the £600-£800 pcm rent/mortgage, but they don't have the ten grand in their pocket to put down as a deposit on a property of their own (plus the other few thouand it'll cost to buy in legal fees, stamp duty, etc)

exactly my point... or did I miss something and the credit crunch only affects FTBers and not BTL folk.... in fact many banks are now very shy of BTL and the rates are higher too.

True the OP may have the £10k deposit that an FTB is still working towards but I'd suggest there are much better things to invest it in than property at the current time.

than4

When we were looking it was about £100 per month more for furnished places. We are a young professional couple on a short term contract so were in the market for a furnished place, but were thinking for £100 a month less, we could go to IKEA and be in front financially.

We have rented to different "fully furnished" places. One had all the basic furniture (fridge, washer, table, couch, bed, built-in-robes) but no cutlery, crockery, pots/pans, TV etc.
The second had everything we needed to start living, including tea-towels. We only had to provide a TV and whatever extras we wanted.

Suits us, but depends on who you are looking to cater for.