Just as we have to analyse our personal circumstances when buying a home, if we have decided to rent we also need to consider certain factors. For example whether we want a long-term rental or if we are going to stay temporarily, as this will influence our decision in renting either a furnished or unfurnished home.
At Lasose Properties & Investments we explain the advantages and disadvantages of renting a furnished property. Renting furnished accommodation is one of the best options to move into a property for people on a small budget, for those wanting a short-term rental, or are flat-sharing.
The main advantages for tenants are:
- Being able to start living in the property straight away, as they have everything they need.
- Not having to worry about setting up a house to move into, and having fewer expenses when starting their new life.
The main advantages for the owners are:
- Being able to increase the rental price, as the flat is furnished and ready to move into.
- Appealing to a broader range of potential customers, as a furnished flat can be rented out to students, temporary workers or even tourists.
The main disadvantages for tenants are:
- That the property will always be to the landlord’s taste and the tenant will not be able to personalise it.
- The rent may be higher because of the furniture and the tenant has to commit to keeping it in perfect condition.
The main drawbacks for landlords are:
- That the furniture has to be up to date and in perfect condition in order to get a quick rental at a better price.
- That the furniture in a property deteriorates over time and it is up to the landlord to replace the furniture that deteriorates or breaks.
- As furnished properties are generally in demand by short-term tenants, the landlord will constantly need to be on the lookout for new tenants to ensure the rent keeps being paid.
