Should I furnish my rental property?
One of the decisions you have to make when deciding to rent your home or investment property is whether or not to have it furnished. There are a number of factors that go into whether or not a furnished rental home can be considered an option:
- Location – Where is your rental property? Is it a single-family home in a suburb? Is it an apartment in downtown Bethesda? You need to know where having furnished rental homes is the norm. For instance, a family renting a home in the suburbs is likely to have a lot of their own furniture, so having a furnished rental may not make as much sense. In an apartment in the city, on the other hand, there could be young professionals or young adults just out of college who haven’t amassed a large collection of furniture themselves.
- Renters – As we just mentioned, you need to know who is renting—but not just their home needs; you also need to know the demographic you’re looking for. If you’re planning on renting to primarily older residents or families, a furnished rental home probably isn’t an option.
- Price – You have to decide if the price of the furniture and its depreciation is worth the slight increase in rent—and whether or not renting the property at a higher price will be doable in the location.
In the end, whether or not to have a furnished rental home is at the discretion of the home owner, but it is always a good idea to talk to a property manager before you make a decision. Property managers in your area will be familiar with what is popular and the rental trends around you. They will be able to advise you whether or not to furnish, and if so, what’s important to have in the home.
FIND THE PROPERTY YOU NEED.PROPERTY SEARCH
CONTACT US TODAY
Featured Real Estate Listings
Residential 5937 AVON DR,
BETHESDA, MD 20814
New Price, Great Value!! SPECTACULAR renovated & expanded home features Vaulted Ceilings, Hrwd Floors, Updated Kitchen& Baths, Arched Doorways and Open Floor plan. Fully fin on both levels enjoy elegant dining room, spacious family room that opens to patio, 5 bedrooms, 3.5 baths, (2 master bdrms) rec room, library, gym & MORE!!VIEW LISTING
Residential 24 COURTHOUSE SQ #107,
ROCKVILLE, MD 20850
Wow! Rarely available first floor unit (located on the second level) with over sized open patio! Great for entertaining or relaxing. This is a must see. Patio overlooks bustling downtown Rockville. This great one bedroom one den unit with parking has been freshly painted throughout and is ready to move right in. Parking included with the price.VIEW LISTING
Residential 8421 CRIMSON LEAF COURT,
POTOMAC, MD 20854
Set on a stunning lot in the beautiful Avenel neighborhood, this three-story house is the perfect place to call home. Want to learn more about our featured listing in Potomac? Call 301-637-0966 to speak with an expert at Coakley Realty or take a virtual tour and see it for yourself!VIEW LISTING