Saturday 24 October 2015

The Pros and cons of furnished apartments- II

Furnished apartments: The cons
1. Your rent and security deposit might be higher. Unlike an unfurnished apartment, when you rent a furnished place, you’re not just renting some empty rooms – you’re renting all the furniture and amenities that are in them. Your landlord spent money to equip that place, so of course that cost is going to be passed on to the renter.

2. You face a higher liability. In an unfurnished place, you might not get your security deposit back if you accidentally bust a hole in the wall or your kid draws all over the walls with crayons. In a furnished place, you have to consider the furniture as well. Did you tear the upholstery in the couch? Scratch the dining room table? That stuff doesn’t belong to you, so you’re going to have to pay to get it fixed. Better be careful!
Tip: Take a video inventory of everything the landlord provides in a furnished apartment before you move in. Take note of anything that’s broken. That way, you’ll have indisputable evidence if your landlord tries to charge you for something you didn’t break.

3. You’ll have no control over most of your decor. If you don’t like the couch in your furnished apartment. You could go out and buy a new one, but you’ll have to figure out what to do with the old one, and you’ll have to make sure if it is OK with your landlord. You can hang art on the walls and add other personal touches around the place, but you won’t have complete control over the look of your apartment.


4. You’ll have fewer apartments to choose from. Furnished apartments simply aren’t as plentiful as unfurnished places. You won’t have as many choices when you look for a furnished pad, but they’re out there if you’re up to the task.

References:
http://www.primelocation.com/discover/landlords-developers-and-investors/furnished-or-unfurnished/#Ym1EreTc6zC1MGAc.97
http://blog.torontofurnishedrentals.com/unfurnished-vs-furnished-apartments-pros-and
http://homeguides.sfgate.com/drawbacks-renting-furnished-apartment-40077.html
http://firstquarterfinance.com/the-pros-and-cons-of-renting-a-furnished-space/

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