The Pros and Cons of Furnished Rentals: Our Property Manager Weighs In
When my parents were first considering moving, they were left with a handful of decisions, the least of which being whether they wanted to rent their home or sell, and the bigger being where they wanted to live and how much money they were willing to spend. Somewhere in between all of this was a running list of smaller things to take care of: what movers to hire, what to do with the animals on moving day, and whether or not they wanted to invest in new furniture or not. After meeting with a property manager, the decision became clear, making things easier, but most people don’t care to look too deep into it.
Fortunately, for some potential renters, the question of getting new furniture is a common one, leaving furnished homes for rent in their wake. Yet, for others, the idea of a fully furnished apartment leaves raised eyebrows and skeptical glances. While many prefer the idea of a furnished home and the luxury that they can afford, others remain unsure of the benefits and instead find the cons to outweigh the pros. Discussing your options with a property manager and thinking long on what you want is an important step in finding the rental that’s right for you. For this reason, it’s important to review both sides of the coin thoroughly, before making the jump in either direction.
Furnished Rental Pros
When you don’t have to worry about large pieces of furniture, such as couches, recliners, dining room tables, and more, then you don’t need to worry about the added stress and hassle of professional movers. While professional movers are helpful regardless, they can cost a lot, turning your move into an expensive one. When you don’t have the added problem of large pieces of furniture, however, movers become unnecessary.
A lot of renters have a tendency to relocate frequently. Whether it is for work, the military, or something else, relocation can take a toll on a family. By choosing pre-furnished homes, renters are able to pick and move much quicker than if they needed to worry about moving-trucks or movers. The perks of relocating can also be felt on the pocket book, as the less you have to move, the less you need to pay to pay people to help you move your stuff around. From being wallet-friendly to the ease that it provides, furnished homes are a great solution for those who relocate frequently.
I’ve spent a lot of time talking about the money that is saved on movers for furnished apartments, but what about the actual furniture. Things like couches and recliners can cost anywhere from $500 to over $1000 for nice ones, which is a large chunk of money, considering you may end up growing out of it in a few years anyways. Renting furnished apartments can help you save money to purchase furniture that will not only look great, but will also withstand the test of time.
Furnished Rental Cons
While choosing a furnished home or apartment might be good on the bank account, it may be a bummer for those looking forward to designing and decorating a new home. Furnished places already have a sense of style put in place, which can easily clash with your own. If you’re looking to find a place that you can add a sense of your own personality, then perhaps finding an unfurnished rental might be best for you.
Security deposits are often a great irritant for any renter. I remember moving into my first apartment and being unprepared for the $600 deposit that was
slapped on my doorstep upon moving in. For those looking to live in a furnished rental, it should be noted that security deposits tend to be higher. With increased furniture, machinery, and technology, a higher security deposit is almost always expected in order to cover any kind of damage that may occur.
Alongside the dreaded security deposit is the increase you’ll see in your liability. Things like pen marks, small tears, or even excessive pet hair on the furniture can be cause for not getting your deposit back. Be prepared to spend extra time being careful with the furniture and to explain to guests and children that the furniture does not belong to you. While security deposits are hard to get back in un-furnished homes, arguing for them back in furnished rentals is near impossible.
Before moving in, ask the property manager how many people have lived in the furnished home before you. If there have been a handful of people using the furniture, then it may already be damaged and scuffed up. Not only should this be documented to make it easier to get your deposit back, but it should also be taken into consideration for yourself and your family. With many different owners comes the possibility for many different germs and disease sticking in the furniture. Be sure that things like couches, chairs, pillows, and even washers and dryers have been thoroughly cleaned beforehand.
Like all else that comes with moving, deciding between a furnished and unfurnished rental is one that is based mostly on personal preference. Discuss with a property manager the route you should take and what is the best decision for you and your family. It’s likely that by talking things out and coming up with a list of things that are important to you, you’ll be able to find the solution that best works.