8 Actionable Tips on How to Furnish Rental Apartments

8 Actionable Tips on How to Furnish Rental Apartments

You want to furnish your apartment for rent so that you can get a higher income without having to pay too much?

When it comes to decorate a rental apartment, you might think your options are limited due to financial restrictions. However, there are plenty of ways to personalize your apartment in a way that can increase the chance to rent it out FASTER and at HIGHER RENT, More Profit Return!

By following some practical tips and creative solutions, you can transform your apartment  from budget-friendly decor ideas to smart storage solutions, there are various avenues to explore:

Firstly, Determine Your Budget

Whether to furnish or not furnish your rental apartment can be difficult to decide. Which one is better in terms of profit return without compromising your budget.

When determining your budget for decorating a rental apartment, it’s crucial to clearly outline your financial boundaries.

Next, prioritize where you want to focus your budget. Determine which areas of your apartment need the most attention and plan to allocate more funds there. 

The most important furnishings to invest in a stand out rental apartment will be:

• Invest in a comfortable sofa for the living room 
• Upgrade your bedroom with new bedding and comfortable mattress
• Spacious dining table
• Double layers curtains
• Electric appliances like washing machine, dryer, and fridge
• Decor and light options 

Additionally, look for high quality and durable furniture. You want to spend correctly from the beginning and the furnishing can last for more than 5 years, not to keep spending on replacing broken furniture yearly. 

These items won’t only withstand the wear and tear of daily use but will also elevate the overall look and feel of your living space.

Here is a reference for the budget that you can set for rental apartment:

• 1 bedroom: around 3,200 USD
• 2 bedroom: around 6,000 USD
• 3 bedroom: around 7,600 USD

You may notice why the more the bedroom, the lower the furnishing cost? I’ll tell you why in the next part! 

Secondly, Create Furniture Checklist

Start by evaluating what furniture is essential for daily living and what can enhance the functionality and aesthetics of your space. 

Consider items like a comfortable sofa, a dining table with chairs, a bed frame and mattress, and storage solutions such as shelves.

Once you have identified the key pieces required, think about the size and layout of your rental apartment to ensure that the furniture you choose fits well and allows for easy movement within the space. 

Take measurements of the rooms and doorways to guarantee that the new furniture can be accommodated.

Styles that are preferred and easily accepted by most tenants are: Scandinavian or keep it simple like have the place bright, spacious and the colors from curtains, sofa, decors are tone sur tone. 

Create a harmonious flow between your living room, kitchen, dining room, and bedroom to ensure a seamless and functional living space.

Thirdly, Do Your Competitive Research

Check out the rent difference between a furnished apartment with an unfurnished apartment.

It will be pointless if the furnished apartment can only be rented with a slight increase of the rent compared with unfurnished one.

Then, it’s crucial to conduct competitive research to make informed decisions on where to source your furniture items. Start by exploring various furniture stores both online and in-person to compare prices, quality, and styles. 

Fourthly, Add Decor And Accessories

Considering the overall beauty of your rental apartment, incorporating carefully chosen decor and accessories can elevate the space and add a personal touch to make it feel like home. 

Hang curtains soften the windows and add warmth. Decorative lights can define different areas within an open floor plan and bring in a sense of comfort.

Don’t underestimate the power of wall art; it can tie the room together and create a focal point. 

Start by adding floor lamps in dark corners to brighten up the room and create a cozy atmosphere. Table lamps on bedside tables or side tables can provide soft, ambient light for reading or relaxing in the evenings. 

Consider installing dimmer switches to adjust the brightness of overhead lights, allowing you to set the mood for different activities.

Fifthly, Provide Plenty Storage

Now I will answer  why the more the bedroom, the lower the furnishing cost will be. 

As some of the rooms you can keep them empty so the future tenants can decide what to do with them. They may need a desk, or a playroom for kids. Keeping them empty will let the tenants bring in their own furnishing and save a fortune for you, a win-win situation. 

Imagine if you furnish these rooms, the cost will increase like 20-30% and even more if later the tenants don’t need them. You will have to find a place to store them in years.

Finally, Get A Reddit App

If all of these are too much and you don’t have time to work on them. Especially, if you are a foreigner, not in Vietnam to check all of the furnishings in person, you can contact me to get a quotation for your reference. My contact details are in the description below or you can check our Reddit link to join our community for more discussion relating to this topic.

For your information, this 3 bedroom in Thao Dien Green i just furnished cost 6,800 USD.

The rental increased from 1,600USD for unfurnished to 2,200USD for fully furnished. Rented in 1 week!

It’s 600 USD more the landlord can earn a month. The furnishing is durable for more than 5 years. 

The cost for furnishing is around 290 USD/month and the profit here is another 300 USD. Not to mention the faster time to rent this apartment out with nicer and eye- catching furniture, saving this place from being vacant for too long.  

Conclusion

Overall, decorating a rental apartment is all about making the space stand out while being mindful of your budget.

By following these steps and investing in quality, durable pieces, you can create a cozy and stylish home that helps your apartment rent faster at higher rent. 

Remember to have fun with the process and don’t be afraid to get creative with your decor choices.