Are you planning on renting out some property to a tenant? Whether that be a single person or a family, once they sign the rental agreement, that property becomes their home. You can do your new tenants a big favor and get off on the right foot by adding the right furnishings to the property.
Furniture is an important aspect of any rental property. It can make or break the appeal of the property and influence a potential tenant’s decision to rent or not. As a property owner, it’s essential to invest in furniture that is not only functional, but also aesthetically pleasing.
In this blog, we’ll discuss the 10 best pieces of furniture for rental property and the types of renters that benefit from certain furniture. We’ll also look at whether it’s worth having expensive furniture in a rental property, and charging more for rent based on the furniture.
The 10 Best Pieces of Furniture for Rental Property
It may always seem risky to add nice furniture for tenants that you most likely know nothing about. Will they trash your furniture? Will they enjoy it?
Even if there’s some risk something goes wrong, it’s a great idea to give your tenants some needed, and maybe even luxurious furniture. After all, they should feel at home, and it will make dealing with them much easier.
Have a look at 10 pieces of furniture you should add to a rental property.
1) Sofa: A sofa is one of the most indispensable pieces of furniture in a rental property. It’s the centerpiece of the living room and where tenants will spend most of their time. A comfortable and durable sofa is essential for any rental property.
2) Bed: Beds are another essential piece of furniture for rental properties. Tenants want to feel comfortable and rested, and a quality bed can make all the difference. Investing in a good mattress is also essential for tenant satisfaction.
3) Dining Table and Chairs: A sturdy and spacious dining table and comfortable chairs are a must-have for any rental property.
4) Desk: A desk is essential for tenants who work from home or study. Having a dedicated workspace can help tenants be more productive and feel more comfortable in their rental property.
5) Bookshelf: This may be a bit highbrow, however, a bookshelf is a valuable piece of property for many tenants.
6) Dresser: Tenants will always need storage space for their clothes. A good quality dresser will last for years and keep tenants organized.
7) Coffee Table: A coffee table is a functional piece of furniture that adds a touch of style to the living room. It’s also a great place for tenants to gather around and have conversations.
8) Nightstand: Having a nightstand provides a convenient place for tenants to store their personal belongings and bedside essentials.
9) Armchair: Any great living room has a comfortable armchair. It’s a comfortable place for tenants to sit and relax, read a book, or watch TV.
10) Ottoman: An ottoman is a versatile piece of furniture that can be used as a footrest, extra seating, or even a small table. It’s a great addition to any living room.
Specific Furniture for Your Tenants
As mentioned above, certain types of renters benefit from specific pieces of furniture. For example, tenants who work from home or study benefit from having a desk in their rental property.
Remote work is becoming the new norm, if it isn’t already. Many renters would love to have a nice desk to use, where they can set up their laptop, monitors, and any other equipment that they need.
Tenants who love to read or have a collection of books benefit from having a bookshelf. Tenants who entertain or have family meals benefit from having a spacious dining table and comfortable chairs. It’s important to consider the needs and preferences of potential tenants when selecting furniture for a rental property.
Before the moving day arrives, you can ask your tenant if they often work from home, or if they have a large collection of books. You can then decide if you’d like to get them some furniture to help them out.
Is it Worth Having Expensive Furniture?
Investing in expensive furniture for a rental property can be a risky move. Tenants may not appreciate or take care of the furniture as well as they should. Accidents can happen, and expensive furniture can be easily damaged or destroyed.
It’s critical to find a balance between quality and affordability when selecting furniture for a rental property. Furniture should be functional, durable, and easy to maintain.
After all, renting and buying a home takes time and decision-making. The same goes for furniture.
It’s important to keep in mind that tenants may have different tastes in furniture, so it’s best to stick to neutral and timeless designs.
However, there are ways to protect yourself when it comes to furniture. Your tenants should give you a security deposit before moving in, which will cover any damages.
While it may seem troublesome to buy new and expensive furniture just for a tenant to use, it is a great gesture, and a happy tenant often means a happy landlord. At the end of the day, it will still be your furniture, and you can enjoy your property once the tenant moves out.
