All very exciting to see an article in NZ Property Investor about furnishing rentals that I was asked to provide commentary for. You have heard me say this on many occasions about houses for sale and Amy Hamilton Chadwick the author of the article hits the nail on the head - An empty property is so uninspiring - it's hard to imagine yourself living in a bland box. The right furnishings help us envision ourselves living in a space and can make a room look larger and more inviting. Furnishing a rental property can have a similar impact, making it more appealing to tenants and easier to rent.
"Furnishing a rental is really a compromise between trying to achieve a nice look and spending the least amount possible". It's all about what the investor wants to spend. This really is the key for investors and the trick to a great furnished apartment at a cost effective price is to mix and match, spending more on items that get the most wear and tear i.e. sofas. Shop around, wait for sales and spend less on items like bedside tables, lamps etc that aren't high use furnishings.