THIS MONTH MARTIN & CO ARE LOOKING AT THE BENEFITS OF FURNISHED AND UNFURNISHED APARTMENTS IN THE CITY CENTRE
SHOULD I GO FURNISHED OR UNFURNISHED?
Looking back on this year we have seen a dramatic change on what prospective city dwellers are asking us for. Yes, they want the city centre location with everything city living offers at their doorstep but now they want longer tenancies (the average stay with us is now over two years).
With this in mind perhaps it might be time to break from the norm and look at unfurnished properties as an option. Gone are the days when unfurnished meant that all you got was a set of boxes to live in with a front door and windows. With the city centre apartments still relatively new you are getting the beautiful bathrooms, the fitted kitchens with electrical appliances like built in ovens, hobs, washing machines, and fridge freezers. What you are not getting are the sofas and beds.
Yes, furnished apartments are still the driving force of enquiries but with people wishing to stay in good quality accommodation with the knowledge of stable rents they are looking at longer term tenancies and as such making their place their home rather than accepting the landlord’s furnishings.
This year we have seen unfurnished lets increase to nearly 25% of our stock with the likes of larger corporate landlords realising that perhaps this is the way forward. Take a look at these examples at Leeds Dock: With these renting at below market furnished rates, with your own artistic flair and a few statement pieces, your house can become your home and you can find you may have more money in your pocket.
There is a great deal of law changes coming in next year. This will have a significant impact on your investments, yes it looks like the tenant fee ban will come into place October 2018, but this is just the tip of the iceberg. From compulsory readdress schemes to licencing letting agents and everything in between. If you want to get the full outlook and maximise your investments to offset these changes do not hesitate in contacting our lettings manager either in person at our Leeds City office, on the phone 0113 2457174 or email email@example.com . No gimmicks, no introductory offers just good solid professional advice.
IF YOU’RE INTERESTED IN LIVING IN LEEDS, HAVE A CHAT WITH US TODAY: