Renting Unfurnished VS. Furnished Apartments: Pros & Cons
Because the only way to resolve the unfurnished vs. furnished apartment conundrum is to determine your housing needs, the best thing you can do as a tenant or buyer is to weigh all of the benefits and drawbacks of a property to determine which one best meets your housing needs. Additionally, gathering information through online searches such as, what does furnished apartment mean?
The Advantages of Furnished Apartment Rentals: A Higher Security Deposit: Landlords can charge a higher deposit for furnished studios. In some states, and countries, landlords can only charge a certain deposit amount for apartments that are unfurnished, but a higher deposit for furnished ones. Price Distinction between Furnished & Unfurnished: Furnished apartments cost more to rent in most cities across the country than unfurnished apartments, so landlords can charge a higher rent. Many renters believe it is worthwhile because it saves them from having to buy furniture. Target Market Predictability: Because furnished apartments are more expensive, landlords automatically attract tenants who can afford them—often young professionals, young families, or students who haven't amassed their own furniture.
The Drawbacks of Furnished Apartment Rentals: Increased Turnover: Another disadvantage of renting out a furnished property is that tenants frequently prefer shorter-term lease agreements. Young professionals, singles, students, young families, and others with few material possessions tend to seek out furnished housing because they are more likely to be transitory due to school graduation, job transfers, or life changes. Damages Are More Likely: Furnishing an apartment increases the risk of damage, which means a higher financial burden if tenants do not take care of the property and its contents. Repair and replacement responsibilities grow with a furnished apartment because landlords must keep an eye out for actual damages as well as normal wear and tear. Corporate Housing Experts offer you many great options in furnished and unfurnished apartments to choose from. Connect with Corporate Housing Experts now.