Monique Photo. Interiors. December 11th , 2017.
Additionally, furnished properties offer higher yields compared to unfurnished properties. The main reason behind this is that tenants are more than willing to pay more in exchange for convenience. Furthermore, short-term leases are (more often than not) not covered by traditional leases and regulations which apply to longer leases.
Finally, dont forget to accessorize with items such as lamps, pillows, curtains, and even rugs that can emphasize the theme you have set for your small home. Make sure every accessory matches well with other objects inside the house especially when it comes to color and texture. The accessories you add can also highlight your own personality if you wish to.
The other aspect that will help determine where you live is your budget. You should not spend more than 30 percent of your income on housing. You also need to include insurance and utilities into your housing budget.
Lastly, furnished apartments have a higher turnover rate influenced by different market forces including the weather and season, the holidays, currency exchange rates and others. That means that you will have your hands full looking for new tenants. Not every tenant is on the hunt for furnished properties as many have possessions that they wish to bring with them. Be aware that your target market with a furnished space may be considerably smaller. So if you want to start your own property investment, opting for furnished apartments is a smart choice.
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