What are tenants looking for: Bare or furnished?

Question

From experienced REI here, do you usually furnish your apartment / unit? Or do you let the would-be renters furnish it themselves?

Just wondering which of the two has more market. Or what kind of market has demand for furnished VS non-furnished.

I'm thinking if I am going to furnish the unit once we close the deal and add that as an additional cost.

Joel Owens · Answer

Depends on the type of tenant and what is customary for the area. If your area caters to business professionals and all in one turn key vacation type units then all furnishings is probably expected.

If it's just a lower end rental with a regular tenant you do not want to furnish and have them trash everything.

Ava G. · Answer

I'm working in Singapore but I'm thinking of buying a rental property in the Philippines, which is my hometown. I notice they're more or less furnished especially with condominiums (which is what I'm targeting as a rental property). But you make a good point.

Colleen F. · Answer

It depends on the area. Anything less then year round is usually better furnished. For us the 9 month college student/ summer rental is furnished. The year round ones unfurnished. Also really small spaces I would probably furnish because the furniture is so specific that fits. Are you renting in Singapore? what is usual there?

Andrea M. · Answer

Some people prefer to "stage " the home in the higher priced rental/sale market where as some people prefer to show the property vacant.

It really depends on the market /area in which the property or you are catering to.

Personally I don't stage anything, I prefer to show the property vacant so that prospective tenant can visualize the spacing and how their furniture can fit the space.

What are tenants looking for: Bare or furnished?

What are tenants looking for: Bare or furnished?

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