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Advantages and disadvantages of furnished and unfurnished apartment rentals

18 augustus 2022

For potential tenants, the decision to live in a furnished apartment depends largely on their current needs and the lifestyle they aspire to, it could be a good opportunity to attract more potential tenants and earn a better income. 

Both can have pros and cons that you should consider to make the best decision. 

RENTER

Advantages:

  • Find tenants faster. This is especially true if you are in an area where the market is made up of young people looking for their first paycheck. Students or recent graduates looking for their first job. These individuals generally do not have the financial ability to purchase their own furniture and are likely to be constantly away from home due to their student or work situations. You can find a furnished apartment in the Dominican Republic here.
  • Furnishing and renting your apartment will make you stand out in the area and help you find tenants faster. One thing to keep in mind is that the furniture is neutral in style and does not reflect your personal taste, but the tenant wants to meet only the most basic needs, so it is very practical. 
  • The rental rate may increase. When renting a furnished apartment, the rental rate may be a little higher due to the difference from other apartments and houses in your area. You can also give the tenant a base price and increase the amount depending on the amount of furniture needed. This gives potential tenants flexibility if they have items such as beds and kitchenware, giving them more options to rent the property quickly.

Disadvantages:

  • There is a risk that tenants will misuse your furniture. 
  • There are different types of tenants, and while you are likely to find very responsible tenants, you are also likely to find less responsible tenants. 
  • When renting a furnished apartment, there is a risk of mismanagement, misuse, or abuse by the tenant. To avoid this, the initial condition of the furniture should be recorded in the rental agreement, an initial security deposit should be requested, and the condition of the item should be inspected from time to time.

TENANT

Advantages:

  • You can move in from the day you move out. 
  • When you go out of town to study or work, you usually want a space you can live in from the day you arrive. By renting a furnished apartment, you can get the furniture you need to settle in without any problems, so you can be independent in no time. No furniture purchases or moving expenses. 
  • You can save money by buying new furniture that may be more expensive or moving if you move within the same city or to a nearby city. Instead, you can use this money to cover essential expenses in your new home, such as Cleaning services, room cleaning, or minor repairs to doors and handles. 
  • You may change your place of residence at any time. If for some reason you are temporarily staying in the city or area, it is recommended to rent a furnished apartment. It is much easier to change apartments without the responsibility of moving furniture from one place to another. home when you need it.

 Disadvantages:

  • You don’t have a choice of furniture. 
  • If you rent a furnished apartment, you can only use what your landlord has provided. You can’t pick and choose these styles to your liking. you have to adapt to them. As long as you keep your furniture in good condition, you can choose how to arrange your furniture in the space available. 

If you are a renter, renting a furnished apartment is a good short-term option. If you are a landlord, you should be aware that there is a regular turnover of tenants, for this reason, so you should be very skilled at negotiating and know how to choose which apartment is the best option for you, whether you are a landlord or a tenant.

Remember that in remax.luxury you can find many apartments for rent, furnished and unfurnished, you will have a catalog to choose the one that fits your needs.

Check our list of Remax offices in different areas of the Dominican Republic.

Remax Santo Domingo, Remax Santiago, Remax Santo Domingo Este, Remax Santo Domingo Norte, Remax Puerto Plata, Remax Concepcion de la Vega, Remax San Pedro de Macoris, Remax La Romana, Los Alcarrizos, Remax Punta Cana Remax Cap Cana  

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