Deciding whether to furnish your rental property is key for landlords in Scotland. A furnished home can attract different tenants and higher rent, but it also comes with extra costs and responsibilities. Here’s a quick guide to help you decide.
Pros of Furnishing Your Rental Property
- Higher Rental Value: Furnished properties often command higher rents.
- Wider Tenant Appeal: Ideal for young professionals, students, and corporate lets.
- Faster Letting: Move-in-ready homes reduce vacancy periods.
- Short-Term & Holiday Lets: Essential for aparthotels or corporate rentals.
- Tax Benefits: Some furniture replacements may qualify for tax relief.
Cons of Furnishing Your Rental Property
- Higher Costs: Initial investment in furniture and ongoing maintenance.
- More Wear & Tear: Frequent replacements and repairs may be needed.
- Shorter Tenancies: Furnished properties often attract short-term renters.
- Increased Insurance Costs: More furnishings mean higher insurance premiums.
- Limited Tenant Customisation: Some renters prefer bringing their own furniture.
Key Considerations
- Location & Demand: Furnished rentals work well in cities and student areas.
- Target Tenant: Professionals, students, or short-term guests benefit most.
- Budget & ROI: Weigh furnishing costs against potential rental income.
How Cox & Co Can Help
At Cox & Co, we help landlords assess market demand, source reliable tenants, and manage properties efficiently—whether furnished or unfurnished.
Final Thoughts
Getting your first mortgage in Scotland requires careful planning, research, and the right support. By understanding the process, saving a sufficient deposit, and exploring available schemes, you can confidently take the first step towards homeownership.
For expert mortgage advice and assistance, contact Cox & Co today and let us help you secure the best mortgage deal for your first home.
Get in touch
Here at Cox and Co, our property experts can answer any queries you may have on investing in property in Scotland and will happily walk you through each step of the way tailored exactly to your investment needs. Get in touch with us here. We would love to hear from you!
