It is always a good idea to include basic appliances within your rental properties as these attract more potential tenants than a property that does not include any. Appliances come with a hefty cost, and for tenants that are likely to be renting properties for short periods of time, a rental property without these basic needs met is unlikely to give your property a second look.
Don’t get us wrong! Not including any appliances definitely adds less stress to landlords when it comes to repairing or replacing appliances, however, we do recommend that these are included. Appliances that we feel necessary to be included are fridge/freezer, washing machine, air conditioning, dishwasher, hob/oven, and if you want to add any extras then maybe a microwave or tumble dryer.
The rental property market is extremely competitive, and it is likely that properties advertised are within an attractive area to a tenant, where many properties are advertised at similar prices and with similar lease conditions, so why not focus on making your property even more appealing and marketable by offering these basic appliances, instead of advertising your property as semi-furnished or unfurnished? And what’s better… you can increase your property’s value and rental income due to this, plus it will be less likely your property will remain vacant for a long period of time.
The main question that remains is who will be responsible for any repairs or replacements?
Tenants usually expect landlords to be in charge of repairs or replacements of appliances and the costs associated with these. We recommend that landlords include a clause within their lease agreements specifying the expectations of this, outlining what would happen if an appliance becomes damaged due to normal wear and tear or damage caused by the tenants. We believe that if the damage is caused due to the tenant’s actions then it should be their responsibility to repair or replace the appliance and pay the costs that come with this, or the costs deducted from their initial deposit. However, if an appliance stops working efficiently due to normal wear and tear then this should be the landlord’s responsibility to fix the issue and take on the costs of this. These expectations should be clearly outlined within the rental agreement to avoid any confusion.
TenEnt recommends that appliances included within your rental property are energy efficient. This is not only to increase the value of your property and save you money in the long run, but also to make your property more green. There is an array of appliances on the market that use less water and energy to complete their function, all you need is a little research and you can find what you are looking for at competitive prices. In addition, many younger tenants are pro-green, and this could make your property even more appealing.
If appliances are included, landlords should also pinpoint where the manufacturer and user instructions are kept so tenants can refer to these as and when needed.