Sale of buy to let flat.

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Sale of buy to let flat.

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Jacey 20 Jul 21 10.27am
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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Jacey

20 Jul 21 10.27am

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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YT Oxford 20 Jul 21 10.50am
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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Oxford 20 Jul 21 10.50am

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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Apollofuzz On the edge of reason 20 Jul 21 11.01am
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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Apollofuzz

On the edge of reason 20 Jul 21 11.01am

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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Spiderman Horsham 20 Jul 21 11.03am
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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Spiderman

Horsham 20 Jul 21 11.03am

Originally posted by YT

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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Midlands Eagle 20 Jul 21 11.19am
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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Midlands Eagle

20 Jul 21 11.19am

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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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Rudi Hedman Caterham 20 Jul 21 11.22am
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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Rudi Hedman

Caterham 20 Jul 21 11.22am

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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Vaibow vancouver/croydon 21 Jul 21 1.52am
a clean canvas is always best. This was once a quality forum....
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Vaibow

vancouver/croydon 21 Jul 21 1.52am

a clean canvas is always best.

This was once a quality forum....

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cryrst The garden of England 21 Jul 21 5.44am
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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cryrst

The garden of England 21 Jul 21 5.44am

Originally posted by Jacey

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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kingdowieonthewall Sussex, ex-Cronx. 21 Jul 21 7.09am
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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kingdowieonthewall

Sussex, ex-Cronx. 21 Jul 21 7.09am

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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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kingdowieonthewall Sussex, ex-Cronx. 21 Jul 21 7.13am
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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kingdowieonthewall

Sussex, ex-Cronx. 21 Jul 21 7.13am

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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Matov 22 Jul 21 10.21pm
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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Matov

22 Jul 21 10.21pm

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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