In recent times, the rental market has seen a huge upsurge in the popularity of furnished properties, especially among individuals like students, business travelers, remote working professionals, as well as young professionals and adults looking to downsize. These homes are not just available for short-term rentals,but provide the comfort of a fully equipped abode. According to Forbes, about 52% of Americans reside in apartments, and apartments are increasingly more likely to be furnished.
A furnished rental is a rental property that comes with furniture and appliances, including TVs and vacuums. Also typically included is décor such as wall art, throw pillows etc. Many furnished properties also include non-food kitchen supplies, towels, and bedding. Usually, utilities are included in the rent.
Onyx Properties is the prime choice in Visalia, California for furnished property rentals. If you are contemplating renting a furnished property, this blog is for you. So read on.
Pros of Renting a Furnished Property
- Move-in Ready & Convenient
Turnkey houses have all the amenities that you might need in a house. This means that you do not need to transport your furniture and appliances. Simply sell your furnishings before moving rather than transporting them to your new location. This allows for convenient and quick moving in, and is suitable for not just students, working nomads, relocators, etc., who do not have much furniture, but also people in search of long-term rentals who need to move long distances.
- Lower Upfront Costs
Another one of the benefits of renting a property that is furnished is that the tenants do not need to spend a lot on relocating. You do not need to buy furniture and appliances or pay the expensive costs of transporting large and heavy items from your previous location. Ideally, students, digital nomads, or people looking to downsize would find this much more suited to their needs.
- Short-Term Flexibility
Renting a furnished property offers the flexibility of a short-term/month-to-month lease to people who need temporary housing. For example, if you are a student needing to move to a particular location because your degree plan requires you to complete a 6-month internship, you can rent a furnished property for a short term without the hassles of a long-term lease or buying/transporting furnishings.
- Built-in Comfort/Essentials
These homes come with all the essentials you might require, are pre-decorated, and also offer utilities, streaming TV subscriptions, WiFi, and more. If you had to set these things up yourself, in addition to the hassle involved, you would likely have to put down a deposit for the utilities. Then, you would be faced with setting up the wifi, alarm systems and so on. Also, businesses that provide furnished housing typically have a team member that has a knack for creating pretty, comfortable décor, and many travelers find these properties to be more attractive than what they would have come up with on their own.
- Suitable for Important Transitions
When going through significant transitions in life, such as a sudden relocation due to a new job, divorce, or recovering from disaster, these transitions are much easier than they would be if you had to sign a long-term lease and set up a household from scratch. It also gives you time to explore the area before deciding on the type and location of more permanent housing you want.
Cons of Renting a Furnished Property
- Higher Monthly Rent
Since these homes are already furnished, the rent includes the cost of these furnishings, utilities etc. And any company providing all of these amenities has to charge for the time it takes to set everything up. So, while you get multiple benefits, they come at a higher price.
- Limited Personalization
Although the benefits of renting a property that is furnished remove the hassles of decorating and setting up the space, it does not offer you the option of personalizing the space according to your taste. Such homes are set up in a stylish and elegant manner, but they often feel impersonal and temporary, lacking the feel of a home. This disadvantage can be alleviated somewhat if you have more than one option to choose from so that you can select the kind of home you find to your taste and would want to stay in.
- Higher Security Deposit
Fully furnished homes may demand much higher security deposits, as the rent may not cover the cost of furnishings. And the landlord wants to be protected from the cost of replacing broken or missing items. Most security deposits are refunded when not needed to cover these costs however, but it still means a higher upfront demand on the travelers resources.
- Furnishing Quality
While certain landlords do provide optimal furnishings and appliances, certain landlords may not offer the desired quality. The appliances may be outdated, or the furniture may not suit your liking. It is better to survey before renting a furnished property to determine whether or not it is to your desired preference.
- Limited Storage
Because your furnished home doesn’t leave much room for anything extra, you have trouble storing in the property, any furnishings or personal items you have brought with you. The lack of storage space in your new temporary home can come as a challenge, proving to be a major hindrance. This can be alleviated if you have an idea of your space and storage needs and can evaluate the space available within the home before renting.
Quick Comparison Table
| Pros | Cons |
| Easy move-in | Higher monthly rent |
| Saves upfront costs | Limited personalization |
| Month to month flexible lease terms | Bigger security deposit |
| Attractive décor | Less space for storage |
| Buys you time to decide your optimal permanent location | Furniture quality can vary |
Conclusion
There are plenty of benefits of renting a property that is furnished, Right from the convenience of quick and hassle-free move-ins and lower upfront costs, to the flexibility of leasing month to month and more. However, it is necessary to make sure that you have a proper understanding of your needs and requirements before renting a turnkey house, so that your comfort isn’t compromised.
If you are someone in search of the top furnished properties for short-term rental, Onyx Properties offers the best options, located in prime locations in Visalia, California, for all kinds of residential rental needs. Contact us today and find your best, comfortable abode.
