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FOR RENT : FURNISHED or UNFURNISHED?

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Author Topic: Rent out property FURNISHED or UNFURNISHED?  (Read 3707 times)

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IntraLover

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Rent out property FURNISHED or UNFURNISHED?
« on: April 24, 2012, 12:19:58 AM »
Rent out property FURNISHED or UNFURNISHED?

is it better to rent out a condo furnished or unfurnished?

i computed and it would cost about Php120k minimum to furnish a 2 BR condo.. with this, i can add about Php5k in the rental price..

the concern is, what are the demographics of the majority of tenants? do most already have their own stuff and would prefer a bare unit? the furnitures and appliances might just go to waste if they won't need it..

Ano sa tingin nyo?

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Rent out property FURNISHED or UNFURNISHED?
« on: April 24, 2012, 12:19:58 AM »

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RichPoorDad

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #1 on: April 24, 2012, 12:20:35 AM »
Well depende din sa location mo ... as far as i know ror short-term rentals (less than 6 months), furnished. You can charge higher but you also have higher maintenance and operational costs.

It depends on you what market you want to target. If you target expats, they'd normally want it furnished.

Pwede ka siguro mag survey around the area of vicinity..
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ZuvelCompany

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #2 on: April 24, 2012, 12:21:10 AM »
Based from some feedbacks ng ibang friends, small units should be furnished dahil respective renters usually dont have their own stuff.

marygracedatuin

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #3 on: June 07, 2012, 05:47:25 PM »
Rent out your property fully furnished. You can demand a higher rental rate. “Choosy” renters will surely prefer your place. But this might bring some drawbacks, such as higher operating and maintenance costs.

josephv

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #4 on: June 14, 2012, 12:31:25 PM »
Rent out properties that are furnished. These have more value in them. Plus, selling won't be difficult. The process may costly but the returns are twice as good.

BusinessManPH

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #5 on: June 15, 2012, 10:32:43 PM »
Good question, both can have pros and cons, of course depende pa din sa target market mo.


There could be benefits of Letting Fully Furnished. Say for instance, If you let a property furnished, you’ll attract people who are in a hurry, or who may not be able to afford to buy all the furniture themselves, such as young people and students. It’s often easier to find a tenant, and at the end of the tenancy, the furniture stays too.Tax wise, you get to deduct a percentage of the cost of the furniture that you’ve provided in the property from your tax liability.

Moreover, There are also benefits of letting your property unfurnished... You often find that tenants who move in and have to buy their own furniture tend to stay in the property for longer, because moving costs more if you have to transport furniture too. Many tenants feel more at home surrounded by their own furniture and your taste may not be the same as theirs. You also have the benefit that they are responsible for wear and tear on their own furniture, and you don’t have to worry about fire safety regulations if you don’t supply any furniture.

Then, there's another : Part furnish or semi furnished ... pwedeng by agreement nalang between you and the tenant. You can offer a choice of furniture, offer just the kitchen and white goods, or leave a sofa and table – it’s a totally flexible option and often makes it easier to find tenants

marygracedatuin

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #6 on: June 27, 2012, 03:00:44 PM »
Tama si RichPoorDad! Depende ito sa target market mo. Kapag ang target market mo ay mga medium-earners, sigurado mas gusto nila ng bare or furnished condominiums/apartments. Pero kung high-earners ang target mo, sigurado fully-furnished condo ang hanap nila.

jeckdaniels

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #7 on: April 14, 2014, 10:52:22 PM »
Tama si RichPoorDad! Depende ito sa target market mo. Kapag ang target market mo ay mga medium-earners, sigurado mas gusto nila ng bare or furnished condominiums/apartments. Pero kung high-earners ang target mo, sigurado fully-furnished condo ang hanap nila.


Kung ako papapiliin mas gusto ko ang furnished na kasi rent pa lang naman eh dagdag gastos ka pa pag unfurnished. mag unfurnished ka na lang pag may sarili ka na kasi ayun for long term :)

jenicasoriano

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #8 on: April 30, 2014, 09:50:19 PM »
Ako naman unfurnished/bare mas gusto ko kasi yung sarili kong design, mahilig kasi ang magre-decorate every so often so yun talaga ang bet ko :)

GreenMoney

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #9 on: May 09, 2014, 03:50:43 PM »
If you would ask me personally, i would say depende..

For the purpose of travelling or kung mahilig ka umikot at magpunta kung saan saan, mas prefer kung semi or fully furnished na yung mga items para mabilis umalis so para lang syang transient homes ang dating. mas less maintenance yun di tulad ng bare syempre mas pabor long term ang commitment mo sa pag rent.

Or kung bibili ka naman ng unit, case to case basis pa din kasi syempre sa cost ng interior design, furnitures and linings na pwede magpamahal sa unit.

yung sala set palang 100,000 na kung medyo polish yung sofa bed mo dba? so you might want to consider din. or kung kukuha ka sa mismong supplier ng furniture mas maganda. ]


serialflakes

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #10 on: May 09, 2014, 07:04:14 PM »
Mas gusto ko yung furnished na since nagrerent lang naman ako. Para easy to move out kung sakaling lilipat. Wala ng mga gamit na bibitbitin, puro damit lang at personal na gamit.
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pat_pat

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #11 on: May 16, 2014, 09:41:27 PM »
ko din furnished na. Hassle kasi magbubuhat ka pa ng mga gamit. E ako minimalist lang naman kaya di gaanong mahilig din sa mga decorations

RichPoorDad

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #12 on: June 05, 2014, 10:29:30 AM »
maganda lang pag furnished e kung palipat lipat ka ng nirerentahan.

What if gusto mo mag stay put? Definitely mag iinvest ka din sa mga gamit sa loob ng bahay.

Pero maganda invest ka muna ng location where to put your equipments, gadgets, etc.


BoyAlvarez

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #13 on: June 05, 2014, 10:36:42 PM »
Sabagay, pag unfurnished, mas ma-cucustomize mo yung unit mo :) Yun at kung talagang long term ka titira dun sa unit. Or bibilhin mo.

CodeRepublic

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #14 on: June 09, 2014, 10:46:27 AM »
sa ganyan ba na fully furnished ano nangyayari kunyari may nasira?pwede bang bumili ka nalang ng kapalit nung item na yun?

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Re: Rent out property FURNISHED or UNFURNISHED?
« Reply #14 on: June 09, 2014, 10:46:27 AM »

 

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