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Updated about 8 years ago on . Most recent reply

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12
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Brent Hayden
  • Investor
  • Charlotte, NC
3
Votes |
12
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I am making an offer on a house that includes full furnishings

Brent Hayden
  • Investor
  • Charlotte, NC
Posted

A few questions.  I'm very interested in this home and I am not including the valuables in the value of the property.  This is a single family 3/1 home.  Has furniture, beds, etc.  

1)  Should I value those items?

2)  I don't believe I want to rent out a fully furnished house because this would limit the pool of renters and I assume would raise vacancy.  Is this a mistake?

3)  Any suggestions on how to liquidate all these possessions once acquiring the property?


Thanks for the feedback!

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User Stats

12
Posts
3
Votes
Brent Hayden
  • Investor
  • Charlotte, NC
3
Votes |
12
Posts
Brent Hayden
  • Investor
  • Charlotte, NC
Replied
Originally posted by @Andrew Johnson:

@Brent Hayden I wouldn't value the furniture as anything.  At least when it comes to purchasing the home.  I also don't know if there's any harm is trying to market the unit as "furnished" once you close on a property for a slight premium on the rent.  Who knows, you might run into someone who wants to rent in the area for 1 year because of work and doesn't want to buy a bunch of stuff for a rental.  I think you're right that it would limit the pool of renters but you might as well list it as furnished and try.  Can't hurt.

 That's not bad advice...list it as furnished for a few weeks to try to source some extra $.  If it doesn't rent, then empty the unit and re-list.  Thanks for the reply!

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