Should I Furnish My Investment Condo?

Veer Penthouse 3603

The answer is…it depends.

-Examine current rental inventory and whether the majority are furnished or unfurnished.

-Is there a rental premium for furnished condos in your specific building?

-Assess average days on market for furnished condos. Unless furnished rentals lease 30 days quicker, then it might not make sense to furnish condos.

-It’s important to keep furniture costs low. Even a $500 rent premium, or $6,000 per year will take over 3 years to recapture $20,000. It’s also important to keep furniture as generic as possible.

Luxury Real Estate Advisors has evaluated furnished versus unfurnished residences for every Las Vegas condo

Agent

Gary K. Fisher

Gary K. Fisher

Phone702.335.5704