Furnished vs. Unfurnished : What’s Best for Landlords?

Furnished vs. Unfurnished Rentals: What’s Best for Landlords?

When preparing a property for rent, one key decision landlords we speak to face is whether to offer it furnished or unfurnished. Each option appeals to different types of tenants and has its own advantages and drawbacks.

Which is better? The answer depends on your goals, location, and target market. Let’s break down the pros and cons of each to help you decide.

Furnished Rentals

What it means: Includes furniture such as beds, sofas, dining sets, kitchen appliances, and sometimes even décor and linens.

Pros:

• Higher Rental Income: Furnished units typically command higher monthly rent.

• Ideal for Short-Term Tenants: Perfect for corporate travelers, students, or people relocating temporarily.

• Quicker Move-In: More attractive to tenants who want a hassle-free, move-in ready space.

Cons:

• Higher Turnover: Furnished units are often rented for shorter periods, which can mean more frequent vacancies.

• Increased Wear and Tear: Furniture and appliances may need replacing more often.

• Higher Upfront Cost: Furnishing a property requires a significant initial investment.

Unfurnished Rentals

What it means: Typically includes only permanent fixtures like kitchen appliances and built-in wardrobes.

Pros:

• Longer Tenancies: Tenants bringing their own furniture often plan to stay longer.

• Lower Maintenance: Fewer items to repair, replace, or maintain.

• Lower Initial Costs: No need to purchase or maintain furnishings.

Cons:

• Lower Rent: Generally fetches a lower monthly rent compared to furnished units.

• Smaller Tenant Pool in Some Areas: Might be less attractive to short-term renters or those new to the area.

What’s Right for You?

Ask yourself:

• Who is your target tenant? Students, professionals, and expats often prefer furnished. Families and long-term renters usually go for unfurnished.

• Where is your property located? Urban areas with a lot of transient residents may favor furnished. Suburban neighborhoods often attract long-term renters who bring their own furniture.

• Do you value higher returns or more stability? Furnished units can bring in more income, but unfurnished ones tend to offer more consistent, longer-term tenancies.

Final Thoughts

There’s no one-size-fits-all answer. The choice between furnished and unfurnished comes down to your investment strategy, tenant demographics, and how hands-on you want to be as a landlord.

If you’re unsure, Westbrook Property Services can help you analyse the market, understand tenant preferences, and even manage the logistics—whether you go furnished or not.

Need help making the right call? Contact Us today for expert advice and stress-free property management.