The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

Pros & Cons of Renting a Furnished Apartment – 2023

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Some people decide whether to opt for a furnished apartment when renting a property. This is an exciting alternative for starting life or even for students. To help you, we list the pros and cons of this modality! When choosing to rent a property, you will realize that you have several options on the market. It is necessary to understand your profile to choose characteristics such as location, number of rooms, and leisure area, among many other things. Amid so many choices, it is common for you to come across a furnished apartment. The convenience of this type of property is well received by those just starting life, students, and workers transferred to cities for a9 Tips For A Successful Apartment Move determined time. But is it worth renting a furnished apartment? Check out our list of advantages and disadvantages of this type of property before making your decision! We will share our tips for renting a furnished apartment and the benefits of renting a furnished apartment.

Advantages of a Furnished Apartment

A furnished apartment is an excellent option for those looking for practicality and economy when moving property.

Stay tuned for the advantages to understand if this is your best alternative!

1. Money-Saving when Renting a Furnished Apartment

The furnished apartment is not a good option for all tenants.

It is unlikely that someone who already has furniture and appliances will choose this alternative. They will not give up their belongings, sometimes even better than those available at the property.

But for students, transfer workers, or even people just starting in life. However, sometimes they require a higher security deposit, even for short-term rentals. People also sometimes rent part of a house.

With the property already complete and ready to move in, these tenants do not have to worry about buying all this furniture. Therefore, this makes the day-to-day more manageable and helps to save a good amount.

A furnished apartment often costs a little more. However, the budget tends to be balanced since you won’t have to worry about buying these essential items that always have a very high value.

2. Smooth Change:

Moving house is always a complicated task. In addition to organizing all your personal belongings, such as clothes, shoes, and objects, in boxes, hiring a good cart that transports all the more essential items safely, such as the refrigerator, stove, and washing machine.

Renting a Furnished Apartment

You will not have to worry about this by opting for a furnished apartment. The property will already have the main furniture, saving you time assembling and organizing the table and money.

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Another positive point is knowing that you will have everything you need at your fingertips on the first day in the new property. Many people need to buy their furniture after moving, so they have a few days without essential items waiting for them to be delivered.

Disadvantages Of A Furnished Apartment:

Although very practical, the furnished apartment has disadvantages; you must consider them before deciding.

1. Preservation Of Furniture:

When we think of a furnished apartment, it is common for us to quickly associate it with another type of residence: the flat. The flat is like a hotel room, cozy and well-structured.

Furnished apartments do not always have preserved furniture, and it is necessary to consider that, often, those items have been there for a long time, passing from tenant to tenant. In this way, they inevitably suffer action not only from time but also from other people.

The property often has furniture that does not suit your profile, making you buy to replace the item. This can yield a good headache because, in addition to the extra expense, the owner will often not accept that you remove any furniture inside the apartment.

In many cases, a clause is even included in the contract preventing the tenant from making any changes to the existing furniture and keeping it until the moment he leaves the property.

2. Higher Prices:

Rental properties that provide furniture to tenants inevitably become a little more expensive. The savings you make by not buying the items somewhat offset the rental price.

You need to reflect and think about your plans. Will the lease be short, or do you intend to stay for a long time? Depending on the answer, sometimes buying your furniture and splitting the amount is more rewarding. Pay little by little throughout the year.

At least that way, you ensure everything inside your house is yours – and you can find a cheaper corner.

Renting a Furnished Apartment: Which Option To Choose?

There is no better or worse in this scenario, and there is what is suitable for your profile.

As we explained, we must put all the characteristics of our change on paper. If you intend to put down roots and stay in the property for a long time, you might want to think about buying your furniture and decorating your corner in your way.

On the other hand, furnished may be your best choice if you prefer a practical move where you don’t need much to start enjoying your new home.

We hope we have resolved all your doubts about the furnished apartment and its advantages and disadvantages!

But if you have any other questions, look for us here in the comments or on VPR Imóveis ‘ social media. We are always available to answer your questions about this or any other subject in the market! Also, do not forget to continue browsing our blog.

Here, we talk about the real estate market and give tips about everyday life, architecture, and more. To the next!

Conclusion: Fully Furnished Units

To sum up, there are pros and cons to renting a fully-furnished apartment. On the one hand, it can offer convenience, cost-effectiveness, and flexibility. On the other hand, it may be limiting, more expensive, and lack personalization. Ultimately, renting a fully-furnished apartment depends on individual needs and preferences.

If you prioritize convenience and flexibility, a fully-furnished apartment may be ideal. However, a fully-furnished apartment may not be the best fit if you prefer to personalize your living space and keep expenses low.

Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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