Looking for a house to rent depending on your family situation is a hustle. The choice between furnished and unfurnished doesn’t have to be in that mix. Here are the pros and cons of renting an unfurnished home.
Pros and cons of renting an unfurnished home
If you’re a seasoned renter who already has their own furniture, or just looking to cut down your costs, unfurnished rentals can be very tempting.
One notable difference between furnished and unfurnished rental properties is the cost, both initial and monthly. In most cities furnished rental units have higher rents than unfurnished ones. This is because the landlords want to cover the cost of the furnishings and protect items against depreciation and damage. Moreover, Landlords want to offset the tendency for furnished properties to attract short-term renters. Compare any rent difference with the cost of purchasing furniture for an unfurnished unit to evaluate which option is best for you.
You can add personal touches
Sometimes, landlords’ choice of home décor might not be your cup of tea. Therefore, if you’re renting an unfurnished space, you can design the layout and placement of your belongings so that it suits your style. Not to mention the fact that having your own furniture will bring some peace of mind. After all, you never know how the previous tenants might have been using the furniture.
Higher chance of getting your deposit back
The fewer items there are in a rental space, the fewer chances of damaging them. Landlords will hold you accountable if you break or damage anything. In addition, any repairs or replacements will be deducted from your security deposit. On the flip side, renting unfurnished spaces can ensure that you get your deposit money back with as little hassle as possible.
Best for long-term leases
Unfurnished apartments are usually more appealing to tenants looking for extended agreements. If you have your own furniture, you’re probably aware of all the hassle that comes with having to move it when you relocate, so renting long-term is more convenient. This is also a good way of saving a little extra when renting, as most landlords prefer the stability that comes with committed tenants, and you might use it to negotiate a lower rent.
Is renting an unfurnished property really that advantageous? Let’s consider some of the drawbacks:
Furnishing it yourself is expensive
Unless you have your own furniture already, you will need to adjust your budget for this additional expense. This can be very costly for first-time renters, as you already have to burden yourself with the cost of the deposit. While you can find cheap furniture, bargain hunting can be very time-consuming. Even if you already have the basics, you might find that you need extra furniture. This is a hidden cost that could negate any potential savings made by renting unfurnished space, so consider your options beforehand.
Unfurnished rentals are not the best choice if you’re a student or a professional working somewhere short-term, and need to relocate frequently. It can also create difficulties if you need to move out in a hurry. Another issue can be the furniture itself. You can find an inexpensive place with an excellent location, that might not have enough space for all your items.
Moving can be complicated
When moving to a new place, transporting your furniture can take its toll. If you don’t have the right vehicle, you will need to hire a moving company, which will increase your costs. Getting everything in place can become a hassle if you live on a high floor and need to take your sofa up the stairs. Also, if you can’t take your furniture with you when moving out, you need to decide whether to sell it, or keep it in a storage unit until a later date. All in all, your moving schedule, as well as moving costs, will be impacted.