Whether you offer a furnished or unfurnished property, there are some appliances that all landlords need to provide. Kitchen appliances are essential in every home, including rental property. You don't need to provide every type of appliance you find in a kitchen, but it is helpful to offer the essential appliances which ensure people can lead their everyday life in a reasonable and expected manner.
If you're a landlord in the North East and you're looking for tips on buying kitchen appliances, SK Property Management is here to help. An oven and hob is often the standard appliance, and most landlords offer at least a fridge. Beyond this, you may need to consider what is in your budget, and what will provide the best standard of service for your tenant.
It is helpful for landlords to consider the Homes (Fitness for Human Habitation) Act, which came into effect in 2019. Tenants are entitled to a suitable standard of living at home. If the tenant is unable to prepare food or cook food in the rental property, they may have a case against a landlord. With tenants now able to take landlords to court more easily, landlords should be motivated to provide a certain standard of living in all rental properties.
How to budget for kitchen appliances?
Buying the right type of kitchen appliance is a difficult task, with many things to consider. As a landlord, you should have a budget in place, and this impacts what you can afford to spend on kitchen appliances. However, making a short-term saving may end up with you spending a lot of money in the long-term.
Information provided by the White Good Trade Association highlights the difficult choice landlords have to make. For a washing machine, the expected lifespan for cheap models is 600 hours of use. For the most expensive models, it is not unreasonable to expect 10,000 hours of use. This is a significant difference, and it poses a problem for landlords.
Short-term savings often lead to higher long-term costs
Buying a cheaper washing machine lowers your initial outlay, but over the lifetime of the rental property, you will probably pay more in repairing and replacing washing machines. Also, if you repair or replace washing machines regularly, tenants are inconvenienced. An unhappy tenant is more likely to move on from the rental property than a satisfied tenant. Therefore, saving money in the short-term may increase the likelihood of void periods and the number of times a landlord has to advertise for a new tenant.
Landlords should also consider the energy-efficiency of appliances. You must have an Energy Performance Certificate (EPC) in place when letting property, and your property must hold an E rating or higher. Landlords should be motivated to improve their EPC rating, as a higher EPC rating attracts more tenants, and it justifies higher rental fees. After all, energy-efficient homes allow tenants to lower their energy bills. Therefore, energy efficiency ratings are crucial for landlords when choosing kitchen appliances.
Each landlord and their rental property is different, as are the expectations of tenants. Your budget dictates many decisions, but you need to consider the local marketplace, and what is on offer. Therefore, it is crucial to make an informed and unique decision on kitchen appliances when letting property, and we can help.
If you're a landlord operating in the North East of England, contact SK Property Management, and we'll be pleased to help you make informed decisions.