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March 29 2024 12.27pm

Sale of buy to let flat.

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View Jacey's Profile Jacey Flag 20 Jul 21 10.27am Send a Private Message to Jacey Add Jacey as a friend

Planning to sell my buy to let property,which is currently partially furnished.
An agent has advised that unless I upgrade and offer fully furnished with good quality furnishings if wish to achieve best price,then to sell empty and save this expense.

What has been your general experience and any comment would be appreciated.

 

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View YT's Profile YT Flag Oxford 20 Jul 21 10.50am Send a Private Message to YT Add YT as a friend

I may be misunderstanding, but I've never heard of furnishing a property before selling it. Why would you do that? Surely the buyer brings/chooses their own furnishings - possibly making an offer for any that you are willing to leave behind. If you throw money at furnishings, you may well end up with a lorry load of stuff that you don't need.

Also...be prepared for the capital gains tax sting!

 


Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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View Apollofuzz's Profile Apollofuzz Flag On the edge of reason 20 Jul 21 11.01am Send a Private Message to Apollofuzz Add Apollofuzz as a friend

There is no problem selling an empty property. It gives a good feeling of space, but does not give a homely feeling. If this is the route it's worth refreshing the place with a neutral lick of paint and get any carpets cleaned.

There are companies that will rent you furniture to furnish a property for selling purposes. This obviously has a cost implication.

How about getting second hand furniture from charity shops, though this is labour and time heavy.

Good luck

 


I ride a GS scooter with my hair cut neat
I wear my war time coat in the wind and sleet.

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View Spiderman's Profile Spiderman Flag Horsham 20 Jul 21 11.03am Send a Private Message to Spiderman Add Spiderman as a friend

Originally posted by YT

I may be misunderstanding, but I've never heard of furnishing a property before selling it. Why would you do that? Surely the buyer brings/chooses their own furnishings - possibly making an offer for any that you are willing to leave behind. If you throw money at furnishings, you may well end up with a lorry load of stuff that you don't need.

Also...be prepared for the capital gains tax sting!

I agree. A house near me refitted the kitchen before selling. The new owners immediately ripped the kitchen out and replaced it, total waste of money and a perfectly good kitchen

Edited by Spiderman (20 Jul 2021 11.06am)

 

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View Midlands Eagle's Profile Midlands Eagle Flag 20 Jul 21 11.19am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by YT

I've never heard of furnishing a property before selling it. Why would you do that? Surely the buyer brings/chooses their own furnishings

It's quite common in holiday homes abroad and it could be an attractive option if the flat is intended for first time buyers who don't have any furniture of their own

 

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 20 Jul 21 11.22am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Spiderman

I agree. A house near me refitted the kitchen before selling. The new owners immediately ripped the kitchen out and replaced it, total waste of money and a perfectly good kitchen

Edited by Spiderman (20 Jul 2021 11.06am)

The days of making more in the sale than the cost of the kitchen or bathroom are long gone. It may be marginal, or you’ll put people off or have them knock you down because they want to salvage money before they rip out the kitchen or bathroom they prefer to change. There’s so much choice now you need time to work out how to use taps for a start. You used to have 6 choices of kitchen. Now you have 60. Higher end properties might be different, especially if the kitchen is the main focal point with open plan and large glass doors across the whole back wall that open onto the garden. For bog standard flats and houses you’ll put more people off than you attract, and these days the lower house price of old kitchen or bathroom is now helpful for first time buyers or property ladder climbers.

 


COYP

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View Vaibow's Profile Vaibow Flag vancouver/croydon 21 Jul 21 1.52am Send a Private Message to Vaibow Add Vaibow as a friend

a clean canvas is always best.

 


This was once a quality forum....

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View cryrst's Profile cryrst Online Flag The garden of England 21 Jul 21 5.44am Send a Private Message to cryrst Add cryrst as a friend

Originally posted by Jacey

Planning to sell my buy to let property,which is currently partially furnished.
An agent has advised that unless I upgrade and offer fully furnished with good quality furnishings if wish to achieve best price,then to sell empty and save this expense.

What has been your general experience and any comment would be appreciated.

Some people may be interested in the furniture. On a local level just throw in that for a small price you can leave some items. First time buyers can save a few quid early doors and you don't have to put it in storage. I mean if you do storage it are you ever going to use it? Say you make 2k extra it is a bonus even if it's worth more. We all tend to hoard for the 'I might need that one day' mentality. My loft and garage are proof of that
It may also sway the sale I guess.

Edited by cryrst (21 Jul 2021 5.45am)

 

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View kingdowieonthewall's Profile kingdowieonthewall Flag Sussex, ex-Cronx. 21 Jul 21 7.09am Send a Private Message to kingdowieonthewall Add kingdowieonthewall as a friend

Originally posted by Apollofuzz

There is no problem selling an empty property. It gives a good feeling of space, but does not give a homely feeling. If this is the route it's worth refreshing the place with a neutral lick of paint and get any carpets cleaned.

There are companies that will rent you furniture to furnish a property for selling purposes. This obviously has a cost implication.

How about getting second hand furniture from charity shops, though this is labour and time heavy.

Good luck

true AF, this is one of my most common jobs.
comparativly buttons but will add thousands to the price, plus the new emulsion neutralises a lot of lived in smells.

 


Kids,tired of being bothered by your pesky parents?
Then leave home, get a job & pay your own bills, while you still know everything.

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View kingdowieonthewall's Profile kingdowieonthewall Flag Sussex, ex-Cronx. 21 Jul 21 7.13am Send a Private Message to kingdowieonthewall Add kingdowieonthewall as a friend

Originally posted by Spiderman

I agree. A house near me refitted the kitchen before selling. The new owners immediately ripped the kitchen out and replaced it, total waste of money and a perfectly good kitchen

Edited by Spiderman (20 Jul 2021 11.06am)

I had a lot of trouble selling my croydon house, due to neighbouring properties.
spent many thousands landscaping rear garden, had a beatiful secret garden at rear of main garden.
the new owners totally ripped it ALL out and flattened it to something like the somme battlefield.

 


Kids,tired of being bothered by your pesky parents?
Then leave home, get a job & pay your own bills, while you still know everything.

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View Matov's Profile Matov Flag 22 Jul 21 10.21pm Send a Private Message to Matov Add Matov as a friend

Offer to furnish if required. Provide details of a furniture package and if people meet the asking price, you can go ahead and buy it (once you have exchanged of course).

Just add the cost onto the asking price and if they don't want it, then knock it off the price.

 


"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.

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