Benefits of Furnishing Your Rental Home for Tenants
Furnishing a rental home is a great way to attract potential tenants and give them a comfortable living space. Renters often appreciate the convenience of having furniture, appliances, and other supplies already in place when they move in. In addition to the convenience factor, furnishing a rental home offers a variety of other benefits.
Here are eight top benefits of furnishing your rental home for tenants:
1. Increased Rent
Renting out a home with furniture, appliances, and other amenities already in it can make it more appealing to potential renters and can lead to higher rental prices.
2. Improved Tenant Retention
If your tenants are happy with the quality of the home’s furniture, appliances, and other items, they will be more likely to remain for a longer period.
3. Reduced Move-In Costs
Tenants don’t have to worry about purchasing furniture, appliances, or other items for the rental home, which reduces the amount of money they have to shell out when they move in.
4. Higher Quality Tenants
Outfitting a rental property with the necessary furnishings can bring in better renters searching for convenience and quality of life.
5. Enhanced Property Value
Furnishing a rental home can make it more desirable to potential tenants or buyers by increasing the property’s overall appeal. Adding furniture and other items can make the rental home look more inviting and comfortable and help it stand out from other rental properties.
6. Increased Safety
Furnishing a rental home can make it more secure by adding furniture, appliances, and other items that can be used to make the space safer. This can include locks on doors and windows, smoke detectors, and security cameras.
7. Greater Convenience
Tenants will be thankful not to worry about bringing furniture, appliances, and other necessities when they move into a new residence because they will already be provided.
8. Tax Benefits
Furnishing a rental home often qualifies you for certain tax deductions, which helps to offset the cost of furnishing the home.
Common Furniture Included in a Furnished Home
A bed is the centerpiece of any bedroom, so it’s important to choose one that’s comfortable and stylish. Beds come in various sizes, from twin and full to queen and king.
A dresser provides storage for clothing and other items. It’s typically placed in the bedroom but can also be used in other rooms.
The couch is the main seating area in the living room. It’s important to choose a comfortable couch that can accommodate the number of people using it.
Consult a Property Management Company
If you have decided on your home to be rented out, you should consult a property management company in your area. They can help you find the right furniture, appliances, and other items for your rental home.
They can also help you lease the home, set up the rental agreement, and collect the rent. In addition, property management companies can advise on how to properly maintain the rental property and provide suggestions on how to increase the property’s value over time.
Furnishing a rental home can be a great way to attract quality tenants and provide them with a comfortable living space. These eight benefits are just a few of the many advantages of furnishing a rental home for tenants.
Quest Real Estate has been providing services to clients in Northeast Florida since 1985. We specialize in all residential and commercial properties, from single-family homes to commercial office buildings, restaurants, retail centers, boutiques, and more. If you need property management in Jacksonville, FL, or you are looking for someone to take care of the day-to-day operations, we can help.