11:39 AM, 3rd November 2014, About 7 years ago
Furniture packs can make a real difference to any property, but they could also save you more than they cost and in effect pay for themselves.
How much is you time worth? £10 per hour, £20 per hour or even £50 per hour or maybe more?
Example, if you lived around a 30 minute drive from your investment property it is highly likely that you could be doing 4 viewings per room (on the average HMO being 5 rooms) this is 20 hours of your time – based on £20 per hour = £400.00 just in wasted time.
With higher quality furniture you would also achieve higher rents. £80 per week then becomes £95 per week! Therefore for 5 rooms this becomes an extra £3,900 in rent uplift alone.
A full 5 bed HMO furniture pack costs £3198.00 plus vat.
Based on time savings and increased income a furniture uplift could very quickly recoup all its initial cost (in under 12 months on the example above).
Speed and sticking to promises is critical for Landlord’s and Developer’s cash flow
A furnishing job in Manchester for 120 student rooms was held up until the last minute due to builders, ending up with only one week to fully kit the whole development out, and even the electrics were not working! As fitting the furniture was promised by an agreed date the project was worked on through the night by mobile phone torch light and even the scissor lifts were needed as the internal ones were not working. The important thing is that the property finished on time for the client, because as ever time is money.
If you would like to enquire about a Furniture pack for your property no matter what the type or location please complete your details below.
Oops! We could not locate your form.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|