As owner, Is it better to rent furnished or unfurnished??

The time has come to make your home profitable and put it up for rent., and we want to congratulate you for it. But there is a question that is holding you back, and rightly so: Is it better to rent it with furniture or without furniture?? To make a sensible decision, Don't look away from this article to discover the best alternative.

Rent with or without furniture, It's a very personal decision.. There is no option 100% optimal for all cases. Throughout this article, You will find some guidelines that will help you know which strategy is best for your situation..

You have to take into account that, even if you choose one or another alternative, at a good price and in good condition, your home will end up rented, but the tenant profile you will attract will not be the same.

The first step is to spend a few days “listening to the market” and knowing what the homes in your area are like and what is in demand.. Or failing that, ask rental agents in your neighborhood, they will have a better perspective.

With all the information in hand, Let's start exploring what options both rental models give you.

1. What are the factors to take into account when furnishing or not furnishing a rental home??

We already told you at the beginning: you are the one who has the final decision. There are some factors that will make you balance the balance towards one alternative or another.:

• The neighborhood in which your home is located. Is it a young area and close to the university or on the contrary, you are surrounded by families? Although very different people come together in each area, you can identify two large groups:
  • Neighborhoods dedicated to young people, such as areas close to the university or study centers, in addition to those well connected to office areas or technology parks such as the PTA.
  • Older neighborhoods, in which families with small children or elderly people predominate, more reluctant to change or job transfers.
• The profile of the person you want to attract. Usually, Unfurnished homes attract families who do not plan to move in the medium term., since it is expensive and laborious to move the furniture. Instead, Furnished homes can be rented at a higher price and are also the only alternative for student apartments or seasonal rental apartments..
• The characteristics of your home. When we talk about the profile of your home, we take into account the following:
  • The number of rooms in your property. Larger apartments or houses usually attract families who prefer to bring their own furniture., while apartments or flats 2 bedrooms attract young couples.
  • The current state of the home. If, for example, you had current furniture, the decision would already be made.
  • Your budget. Renting a home requires an initial investment and maintenance. If your home does not have furniture or is not modern, Would you have the money to furnish it??

2. Reasons to rent your home with furniture

When we are asked why it is a good idea to rent with furniture, These are the main reasons our rental agents give:

• There is more demand for furnished homes, so your home will be rented much faster. You will attract young profiles, students, people who travel for work, teachers, etc.
• Having the right furniture, It is likely that you rent the home monthly for a higher amount. In fact, High-end furniture can increase the price at which you advertise your home by offering another addition to the value of the house that more select profiles will value..
• Greater immediacy when making the transfer. The tenant will be able to move in practically a few days after signing the lease contract..

Some considerations to take into account before renting with furniture are:

• No need to invest in electronic devices, but yes in appliances. Tenants usually prefer to bring their own television or music system., so we do not recommend investing in this type of elements that, in addition to expensive, they age fast.
• The furniture must be in good condition and current.: do not use your property as a storage room. It is better to empty the house if the furniture in the house at that time is old., since this can reduce the price of the property.
• Don't half-furnish. Half measures are not highly valued; that is to say, It is preferable for a space to be completely empty than to lack main elements such as the sofa or beds.

3. Reasons to rent your home unfurnished

The main reasons for renting an unfurnished home are:

• You are attracting a tenant who, as a general rule, will stay longer in the home. A person does not move all their furniture to a property where they will only stay for a few months.. This feature will bring you greater peace of mind and economic stability..
• You do not have to face the costs of furniture deterioration, which means having fewer worries in the long term.
• Savings on furniture. The money you had to invest in decorating the property can be invested in other elements of the house or simply not spent..
• A home more suitable for tenants with pets. There is a shortage of homes that accept large pets such as dogs and cats, so you will have a competitive advantage if your property accepts them. Not having furniture, Damage that could be caused by an animal is less likely.

As you may have seen, Both options are totally valid!!

Are you from Malaga? If you are still not sure which option to take, before making a large outlay of money or throwing away the furniture in your home, We recommend that you ask the opinion of one of our rental agents so that they can tell you which option is most profitable in your case..