{"id":22039,"date":"2020-05-19T14:04:50","date_gmt":"2020-05-19T14:04:50","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=22039"},"modified":"2024-06-18T08:22:46","modified_gmt":"2024-06-18T08:22:46","slug":"how-can-a-fully-furnished-kitchen-increase-your-propertys-rental-value","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/how-can-a-fully-furnished-kitchen-increase-your-propertys-rental-value\/","title":{"rendered":"HOW CAN A FULLY FURNISHED KITCHEN INCREASE YOUR PROPERTY\u2019S RENTAL VALUE?"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>The kitchen and perhaps the bathroom are some of the most crucial rooms in a house or apartment. Do you know these rooms, especially the kitchen, can trigger or turn off a potential tenant? If you are after increasing your property\u2019s <a href=\"https:\/\/www.thehouseshop.com\/rental-calculator\" title=\"rental value\">rental value<\/a>, this article is for you!<\/p>\n<p><span style=\"font-weight: 400;\">One of the best ways to escalate your property\u2019s rental value is by <\/span><span style=\"font-weight: 400;\">furnishing your kitchen<\/span><span style=\"font-weight: 400;\">. You can also spend a bit of your time furnishing the bathroom. These two areas are more likely to significantly impact your property\u2019s rental value immediately.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What you need to provide in a fully furnished kitchen<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">At some point, you may not be able to put in a new kitchen; you may consider revamping the existing one to fit in the first-class positions. There are numerous things that you will need to buy or replace. To mention a few, they may include things like:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Plates<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Taps<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Microwave<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Refrigerator<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dishwasher<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Garbage disposal<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Cooker<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Freezer<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In any home, the kitchen is always an area of bee-hive activities. To many tenants, this is still a significant area of focus. Ensuring that this area is in mint condition will easily entice potential tenants. If you can\u2019t build a new kitchen, then you need to invest in some of the top-of-the-range kitchen appliances that will cover the mess.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Who are your potential tenants?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Knowing your would-be tenants is essential for understanding your market. Some essential factors, such as location, house type, and rental demand, may contribute to determining your potential tenants.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A fully furnished kitchen is more likely to attract mobile experts who want to live in trendy, affordable, and commutable areas. They may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Corporate tenants<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Tenants from overseas<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Digital nomads<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Short-let tenants<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lifestyle renters<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Benefits of fully furnishing your kitchen<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Fully furnishing your kitchen will invite several benefits as a landlord or a landlady. Some of the few benefits include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You can ask for a higher rent.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">More short-term rentals<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fast renting<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ask for better treatment and respect.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Inventory of furnishings or appliances<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Tax deductions<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">You can ask for a higher rent.<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Without thinking twice, you can increase rent based on the standard of your kitchen. Research further states that well-furnished property rents up to 25 to 75% more than unfurnished property. The average range of a furnished unit and an unfurnished unit is about $400. In terms of one year, the scope widens up to <\/span>\u00a34,800! <span style=\"font-weight: 400;\">The only demerit of high rent is that tenants will always stay for a short period and hunt for affordable units.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">More short-term rentals<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">There are two main reasons why a fully furnished kitchen unit has tenants for a short period. The first reason is the high rent, making tenants look for affordable units. The second reason is that short-term renters don\u2019t have to move in with kitchen appliances. This will be from 6 months to 12 months.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Fast renting<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Your house or apartment will rent faster amid primary factors such as location and rental demand. Again, your kitchen is more likely to appeal to many potential tenants, such as young experts, those from overseas, and even lifestyle renters.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your tenants will also save on costs and time associated with fully furnishing a kitchen. First-term renters will always find a fully equipped kitchen ideal, as they don\u2019t have to move in with kitchen appliances.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Ask for better treatment and respect.<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Furnishing your kitchen fully will consume the right amount of money. If you fully elegantly supply the unit, it will demand better care and respect from your tenants.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Inventory of furnishings or appliances<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you decide to end leasing your apartments or one of your units, you may choose what to do with the appliances of a fully furnished kitchen. You may want to use the machines yourself, take them to other apartments, or even sell them.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Tax deductions<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Do you know more about tax deductions available for landlords? Well, you can deduct some percentage of the cost of appliances for tax purposes.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What types of kitchen appliances should you put in your fully furnished kitchen? Cheap machines or high-end appliances?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The type and quality of kitchen appliances should be determined by your desired monthly rent and the apartment type. <span>If your apartment quickly fetches thousands of dollars monthly, you must fix some high-quality kitchen appliances like a smart refrigerator, an <a href=\"https:\/\/www.hurom.com\/products\/h70-easy-clean-slow-juicer\">advanced slow juicer<\/a>, or an induction cooktop.<\/span><br \/>\n<\/span><span style=\"font-weight: 400;\">On the other hand, if your apartment nets a moderate amount, you need to fix some affordable kitchen appliances.<br \/>\n<\/span><span style=\"font-weight: 400;\">Installing high-quality kitchen appliances may also lead to theft. There is a high chance of things getting stolen. Minor utensils such as knives might end up disappearing. It\u2019s advisable to buy moderate appliances that serve their function instead.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How much more money can your fully furnished kitchen fetch you?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Research reveals that a fully furnished kitchen can fetch 15 to 20% more for a furnished long-term rental. A short-term apartment with a fully equipped kitchen is more likely to double that. You will net between 40 to 50% at a minimum, and you can also get up to 100% or more. Tenants are always willing to pay higher for quality.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Wrapping it up<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Fully furnishing your kitchen is worth it! Tenants are always attracted to furnished units and always move in so quickly. They are still even willing to pay higher for quality appliances.<br \/>\n<\/span><span style=\"font-weight: 400;\">These days, it\u2019s a common trend to see tenants moving in with only a suitcase. This means that only fully furnished units are the best option.<br \/>\n<\/span><span style=\"font-weight: 400;\">Many professionals and tenants from overseas don\u2019t have the time to go out buying kitchen appliances. This makes them prefer units that are fully furnished, especially the kitchen.<br \/>\n<\/span><span style=\"font-weight: 400;\">Fully furnishing your kitchen will invite several benefits and a higher profit. You don\u2019t need to worry about appliances being stolen or getting lost because you can insure them at a fair rate.<\/span><\/p>\n<h6><span style=\"color: #999999;\">Ref: 3842.33754<\/span><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>The kitchen and perhaps the bathroom are some of the most crucial rooms in a house or apartment. Do you know these rooms, especially the kitchen, can trigger or turn off a potential tenant? If you are after increasing your<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/how-can-a-fully-furnished-kitchen-increase-your-propertys-rental-value\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":21437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[1],"tags":[],"wl_entity_type":[602],"modified_by":"Editor","_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2020\/01\/shutterstock_365319458.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/how_can_a_fully_furnished_kitchen_increase_your_propertys_rental_value_","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/22039"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=22039"}],"version-history":[{"count":3,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/22039\/revisions"}],"predecessor-version":[{"id":30946,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/22039\/revisions\/30946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/21437"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=22039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=22039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=22039"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=22039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}