A furnished rental is a rental unit that comes pre-supplied with the furniture and appliances that its tenants will require. With a fully-furnished rental unit, the renter won’t have to supply anything and can have a much easier time moving in and moving out. Furnished rentals can usually charge a higher rent than non-furnished rental units.
There are several categories of furnished apartments: semi-furnished, furnished, fully-furnished, and turnkey apartments. Much like buy boxes, this categorization is subjective and there are no defined rules for determining the level of furnishing in your rental unit. A fully-furnished apartment would include more furniture than a semi-furnished rental.
There is no definitive list of what to expect to find in a furnished apartment, but it should come with the basic necessities. What’s included is usually dictated by the type of apartment it is. A fully-furnished apartment should come with a few extras above the bare minimum.
Furnished apartments often come with all the essentials, such as kitchen appliances, furniture, electronics, linens, and even cleaning supplies.
There are many benefits that a renter gets by renting a furnished apartment. Here are some of the top benefits:
As a landlord, offering furnished apartments to your tenants comes with many benefits. By doing so, you can:
There are a few potential drawbacks to offering a furnished rental to your tenants. Here are a few things to consider before deciding to furnish your rental property:
Furnishing a rental unit can be a significant upfront cost. You will need to purchase furniture, appliances, and other household items to make the unit livable for your tenants.
Once you have furnished a rental unit, you will be responsible for maintaining the furniture and appliances. This can be an additional cost and hassle for you as the landlord.
Not all tenants will want to live in a furnished rental unit. Some tenants may prefer to furnish their unit or may not need or want the additional furniture and appliances. They may also not have the same design preferences as you.
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