How to Furnish My Rental Property?

BES
BES
Nov 7 · 4 min read

This week we give you some hints that help you decide whether you should rent your apartment out furnished, and if so, which pieces of furniture are essential to make tenants feel warmly welcomed.

Once you have decided to rent your apartment out, the first question that might come to your mind is if you should provide it with furniture or not. There isn’t any clear ’yes’ or ’no’ answer to it: both respond to the need of different target groups and have their own benefits, nevertheless there is a significant difference between them. Young people and university students will likely to opt for a furnished room as they can take the burden of purchasing furniture off their shoulders. Contrariwise, families and young adults tend to seek an apartment they can turn it into a dream home with their own furnitures.

Furniture could certainly add to the value of your property. However, keep in mind that just as in the case of location, it doesn’t necessarily justify the set of higher rental price. In other words, even though your apartment is situated in an excellent neighbourhood, its condition (a common pricing practice from the real estate market), equipment and room distribution also play a key role in the calculation of the rent. The same is true for apartment fitout: old, low-quality or impractical pieces of furniture could even make renting out more difficult. Nowadays tenants prefer to choose a place equipped with multifuncional (easily moveable), well-designed and hip, but not luxurious furnishing for an affordable price. Although this demand might not seem reasonable, tenants — similarly to landlords — would like to feel comfortable in the apartament where they plan to set up their long-term home.As a landlord, it is important for you to find tenants for the duration of your preference, thus you should take some points into account to meet the requirements of their demand.

Here we give you a few tips about what to include in order to draw tenant candidates’ attention. If your porperty has a bedroom, you should purchase a bed of high quality and good value for money. Whether you decide for a single or double bed, we recommend you to buy a mattress sheet, so when the tenant moves out, only this part needs to be cleaned or changed. The living room is ideally furnished with a couch, a coffe table and some cabinets. You should pick a folding sofa and also cover it with a sheet to save some money on cleaning. Bear in mind that tenants need to store their belongings, so it is indispensable to include different kinds of furniture from chest of drawers to bookshelves. If want to let your apartment to university students and families, you should also provide it with a desk and a chair as well. The kitchen also need to have the right kitchen furniture, as well as the dining table with chairs. Also, don’t forget to equip your bathroom with the appropriate furniture such as a drawer under the sink and also some shelves. Decorative household textiles such as curtains and rugs can also elevate the appearance of the property.

Make sure that the furniture you pick is of high quality and good value for money — as a guidance, we have provided you with some tips and links worth checking out. Pieces of minimalist and neutral-coloured furniture are advantageous as they can be easily combinated and expendable with those of the tenant. They also make your apartment more appealing can also be decorated which gives your tenants the opportunity to make the apartment fit to their taste. You might believe that it decreases the value of your furniture, but some decoration elements could even make the fitout more attractive.

When it comes retting a new unfurnished out, you can also consult your first tenant on the furnishing of your property in consultation with the first tenants, but focus on purchasing basic and simple items, so that it will be easier to rent it out in the future allowing you to get to know the perspective of the tenant. Each case is unique, our guide will hopefully help you to simplify your home renting process. We will get back to our tenant readers again next week, but we will deliver content for landlords soon. If you are interested in a specific topic, please let us know and we will write a post about it as possible.

Written by

BES

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