Finding a place that comes furnished is a big deal breaker for a lot of people and can really make your property stand out among the rest. For someone who is unsure of how long they will be staying in a certain town, renting a furnished place is perfect. There’s no need to buy and transport heavy furniture, so the move is made really easy.
The real question is, should you furnish your rental?
Furnishing a rental home may seem costly, but it does pay off. If you offer your property furnished, you’re automatically entitled to charge more for monthly rent. Basically, the large one-time cost will continue to benefit you.
What furniture should you provide?
For bedrooms, you can provide basic things like a bed, nightstand, dresser, and maybe a desk. In the living room, you can provide a couch or two, and a coffee table. For the dining area, find a simple table with at least four seats.
Don’t think that you have to go out and spend tons buying furniture! Check places like Ikea, and even your local thrift stores and garage sales to find affordable furniture that will look nice in your property. When shopping, try to find furniture that’s simple and neutral, this way your tenant can add their own personal touches and make your property feel like home.
Remember the lease! If you do decide to furnish your property, make sure that it’s included in the lease agreement. Make it clear that the furniture is just an extension of the property, and that your tenant is liable if anything is to happen to it.