From the moment you have an apartment you wish to rent out, the question arises: should I rent my apartment furnished or unfurnished? While you will obviously save money if you decide not to furnish before renting, you may end up losing money in the long run, since a furnished apartment is much more attractive and should be rented for a higher price.
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Renting out a furnished apartment
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Many homeowners overlook this option due to convenience. However, you greatly increase your chances of a short-term rental by furnishing your apartment. The layout of an apartment is the best solution if you choose to rent out your apartment to different roommates with prices per room.
Who to rent out a furnished apartment to?
If you choose the furnished apartment option, your tenant profile is someone interested in staying in the city temporarily, be they a student or a professional. It could also be rented out to tourists, if you are lucky enough to have a tourist license. A furnished apartment is ideal for the tenant because there is no extra cost for settling in and furnishings, and they can move into the apartment on the first day. You should know that for tourist rentals, furnishing your apartment is, however, a requirement.
The type of contract: for this option, you should choose monthly rental contracts or rent it out to tourists if you have a license. For the owner, this alternative is more profitable than a long-term contract.
Related article: Get your apartment evaluated for free
Renting out an unfurnished apartment
This option is generally easier for homeowners because the avoids the furnishing costs. This allows the owner to rent their apartment for several months or even years to the same tenant, avoiding the hassle of managing various people moving into and leaving the apartment.
Who to rent out an unfurnished apartment to?
If you go for this option, you favor stable tenants, especially families or couples who wish to stay in the city long-term. This is a good alternative which allows them to personalize the decor and make them feel at home.
Related article: The right questions to ask before you buy an apartment
Photo by northways via Visualhunt
The type of contract: for an unfurnished apartment, you can use long-term rental, for over 6 months. For the owner, this option represents more stability.
The possibility of removing the furniture
If you want even more rental opportunities, then you can offer your apartment furnished… or not. Renting a furnished apartment is not necessarily better than an unfurnished rental. You should just adapt to different needs and profiles. If you decide to offer both options to tenants, then you double your chances of renting.
Tourist rentals, monthly, long term… do you need help managing your apartment? Do not hesitate to contact ShBarcelona!
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buying apartments with furniture much more profitable than without it, apartments can always be arranged