First time buyer, buy-to-let advice

mhuk01

Hello

I am a first time buyer, looking to buy and then rent out a 1 bedroom property.

Whilst I am extremely new to this, I have done my research and feel ready to go. However one thing I am struggling to find is any kind of sample inventory for a furnished 1 bedroom flat. Are there any landlords out there who would be prepared to send me their inventory for a 1 bedroom flat?
I guess it's just a case of knowing how much to include (ie down to pots and pans, plates etc or sticking to just the big items)...
As it's my first experience with this I will be using a fully managed letting agent, however obviously need to have the property ready to rent for them to list.

Any advice anyone can give will be much appreciated.

Many thanks,

Martin

anselld

Fully managed service would normally include inventory.

Pixie5740

It depends on who your target tenant is going to be. You could always let the place unfurnished if that would be more suitable for the kind of tenant you want.

See also New Landlords and Letting Agents for some useful advice.

you might also find it worthwhile joining a Landlord Association...learn from other people's mistakes.

mhuk01

Just to clarify, I understand a fully managed letting agent service will include conducting a full inventory, I would just like to see if someone can provide me with there own 'real world' inventory list as a guide for me to know what to go out and purchase..

Pixie5740

As I have already said, what you need to go out and buy depends on what kind of tenant you are targeting. Personally, as a tenant I prefer unfurnished properties so that I can have my own furniture. It helps the place feel like home.

kingstreet

Mortgage requirement?

G_M

* New landlords: advice, information & links

Follow links within this site for samples:

* The AIIC (Association of Independant Inventory Clerks)

anselld

mhuk01 wrote: »

Just to clarify, I understand a fully managed letting agent service will include conducting a full inventory, I would just like to see if someone can provide me with there own 'real world' inventory list as a guide for me to know what to go out and purchase..

In that case I would suggest you let it unfurnished. It is a bit pointless to go out and buy a complete new set of furnishings when
(a). you don't know what you want
(b). you can't possibly know what the tenant might want

In most areas the market for unfurnished lets is just as strong as furnished.

G_M

Ah! Just realised I skim-read and assumed OP wanted a sample so as to know how to create an inventory - that vital piece of paperwork in a tenancy.

Hence my link to the AIIC.

If what's wanted is a list of furnishings to include, then I agree, let it unfurnished (include basic white goods) but perhaps offer to provide some furnishing if a prospective tenant you approve requests them.

Otherwise you furnish the place and along comes the ideal tenant who says "I've got my own bed, settee whatever, can you take yours out please?