Furnished or Unfurnished Rentals What Works Best in Adelaide
Furnished vs. Unfurnished Rentals: What Works Best in Adelaide?
If you're an Adelaide property investor, one key decision you'll face is whether to lease your rental property furnished or unfurnished. Each option has its pros and cons, and understanding what suits your property, location, and target market is crucial. At Anreps Real Estate, we specialise in property management in Adelaide, helping landlords make informed choices for long-term success.
Furnished Rentals: The Pros & Cons
Pros:
Higher Rent Potential: Furnished properties often command higher weekly rent.
Appeals to Short-Term Tenants: Ideal for students, professionals on contracts, or relocators.
Move-In Ready: Convenience for tenants who don’t own furniture.
Cons:
Higher Wear and Tear: More items to maintain and replace.
Limited Market: May not appeal to long-term tenants or families.
Frequent Turnover: Tenants often stay for shorter periods.
Furnished rentals can be a great fit for city apartments or properties near universities and hospitals.
Unfurnished Rentals: The Pros & Cons
Pros:
Attracts Long-Term Tenants: Great for families and professionals who prefer to bring their own furniture.
Lower Maintenance Costs: Fewer items to repair or replace.
Stable Income: Longer tenancies often mean fewer vacancy periods.
Cons:
Initial Cost for Tenants: Some prospective tenants may be deterred by the need to purchase furniture.
Less Appeal for Short-Term Renters: May not suit students, corporate travellers, or those seeking flexibility.
Unfurnished rental properties are generally better suited to suburban homes and investment properties aimed at long-term occupancy.
What’s Right for Your Investment?
Choosing between furnished and unfurnished often depends on:
Location: Is your property in the CBD or near universities?
Target Tenant: Are you appealing to students, professionals, or families?
Type of Property: Apartments may suit furnished; houses often work better unfurnished.
Talk to the Property Management Experts
At Anreps Real Estate, we take the guesswork out of these decisions. Our experienced team provides tailored advice to help you get the best return from your property management strategy. Whether you go furnished or unfurnished, we’ll help you market effectively, screen tenants, and manage the property with care.
Final Thoughts
There’s no one-size-fits-all answer, but understanding your market and property goals will help you decide what’s best. For expert advice on rentals and property management in
Adelaide, get in touch with Anreps Real Estate. We’re here to make the process simple and successful.