Luke Hemmings. Interiors. November 22nd , 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.
You can choose your desired location; you can choose one near your office or you can book one that is near famous landmarks and interesting places if you are a vacationer. You can have a single bedroom apartment for rent or a three bedroom apartment if you travel by groups. Based on these reasons, it is not surprising that in days to come, serviced apartments will be the preferred choice when it comes to accommodations.
You can achieve a simple but elegant look for your apartment simply by placing the right kind of furniture at the right corner of a room. Leave spaces for easy movement between furniture when arranging the place. Since the living is small, small-scale sofas and chairs are enough as long as you position them in a way that is relaxing for conversations. A small table or drawer would be perfect at the side of the sofa near the entrance.
And because your tenants do not need to furnish the property and bring in big furniture, they are less likely to damage the walls of your property. But along with the advantages, prospective investors should also know what the disadvantages of furnished apartments are. Furnishing an apartment means that you will need to invest a sizeable amount of money from the onset. And that investment will not be a one-time thing. Over time, you may need to replace a few pieces inside the apartment.
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