It’s a very lucrative time to be a landlord in the UK. The amount of people renting has soared from 2.8 million in 2007 to over 4.4 million in 2021. That’s an increase of more than 63%!
So, this figure means everyone who buys a rental property is going to make a successful investment, right? Well, that’s not the case entirely. Renters expect more value for their money these days than they used to, and a touch of modern luxury can be the difference between someone choosing to rent from you over another landlord in the area.
With over 2.7 million other private landlords in the UK, potential residents have a lot of options, and they'll gladly look around to find the perfect property (and landlord) that’s right for them.
The good news is that landlord furniture packs offer a solution. A fully furnished property with high quality pieces will always be an attractive option. Having the right furnishings in place sets your property apart from others, and opting for a furniture package makes the process quick, easy and potentially more profitable in the long-run.
Landlord Furniture Packs Save Time
Finding the right furniture your residents will love can be time-consuming, especially when you’re faced with so many choices for patterns, colour schemes and textures.
Furnishing your rental property is a lot easier if you look at landlord furniture packs. They keep your choices to a more manageable amount and come with the added bonus of being put together by an interior designer.
We carried out our own study into landlords and their take on the rental market. 94% of landlords said interior design was important in terms of increasing rental figures and avoiding voids, so having an expert put a pack together is certainly a smart option.
Let’s face it, unless you have a passion for interior design, putting together pieces for a property isn’t much fun — even if it is necessary for happy residents. Landlord furniture packs mercifully cut your input out of the equation.
After all, you’re probably already tired of trying to find a sofa and armchair that goes with the coffee table and media unit. That’s why you’re reading a blog about landlord furniture packs to begin with.
And with everything being available in place, you can get everything you need for your property delivered in one time slot. This means you don’t have to set time aside for multiple deliveries from different vendors.
But you’ll want to add a few extra pieces once you’ve bought a landlord furniture pack to truly guarantee your property stands out. We’ve recently put together a whole new range of accessories to give your property its own unique style based on the feedback we’ve had from landlords and residents over the years.
A Landlord Furniture Package Can Save You Money
Buying a furniture pack is a great way to keep costs down when fitting out your rental property, as they provide you with high quality furniture for the best possible price. Our expert team put together landlord furniture packs based on quality, price and appeal, ensuring both you and your residents have smiles on your faces once everything’s installed.
The added appeal of having furnishings in place also means you can set a higher rental figure. In Manchester, a two-bed rental property with all the furnishings in place brings in an extra £101 per month based on average rental rates and purchase prices. If you were wondering, that increase is equal to a massive 15%.
People are always willing to pay more for a better service, and the convenience of having a property ready to move into immediately is clearly an attractive opportunity for many.
A furniture package should be seen as an added investment in your rental property. They give residents the touch of luxury they want while the durability of our furniture means you won’t have to make repeat purchases in the near future. With regular upkeep and maintenance, you can get several years out of our landlord furniture packs.
And not only do they save money upfront, they’re also great for keeping your rental figures from falling. In 2020, nearly 30% of the landlords we surveyed said they dropped their rent prices when negotiating a new lease agreement. Furniture that’s not fit for purpose and has become an eyesore meant those landlords didn’t have a leg to stand on when their residents brought it up.
Furniture included in packs is specifically designed for the rental market. It looks good and is built to last — both in terms of structure and style. This means you don’t have to worry about pieces looking dated after just a few months, and any furniture installed can withstand a lot of punishment.
LOFT’s Full Service for Landlords
We’ve been providing landlords with furniture packs for many years, and we like to offer more than just great furniture; we’re on hand to make the entire furnishing process as easy as possible.
Once you’ve contacted us about your needs, we’ll assign an account handler to you who will take the time to better understand your property, your likes and dislikes, and what type of furniture pack we can offer you for the best value for money.
After you’ve made your decision, our delivery & installation team will deliver, assemble and install the furniture. If our items are replacing old ones, we’ll take them away for you, as well as all the packaging from the new products. Where possible, we recycle old items and packaging. 89% of the furniture we’ve taken away has been converted into electricity, and we’ve saved over 3000 mattresses from going to landfills.
If you live far away from your rental property, or if you have a busy schedule, we can arrange to pick up the keys from you or your property agent instead. This means we can put everything in place without you having to make a special visit or rearranging your day. Once we’re finished, we’ll return the keys, too.
There’s always the possibility an item could become damaged over time, which may mean having to replace it. Our landlord furniture packs are put together on set styles, so we can offer a like-for-like replacement on damaged pieces. This keeps your property in top condition without affecting the overall style.
The Biggest Advantage of Landlord Furniture Packs
Landlord furniture packs have a lot to offer. You receive great products at a great price, and the packages are put together by an Interior Design expert who understands the rental market. After a purchase, your items are installed by our trained and skilled delivery & installation team, with like-for-like replacements should something become damaged.
We’ve been helping landlords with their furniture needs since our company first started, and we understand being a landlord isn’t straightforward. To help you as best as we can, we make sure our services work in your best interests to limit the amount of work you have to do in attracting potential residents and keeping them happy.