Lima, Lima · Member since 2014 · 59 posts · 11 votes
Assuming you were buying a vacation rental house (3b SFR), how much of a premium would you pay to get an already furnished property?
I will be purchasing from overseas so it seems like an easier solution plus the low interest rates we have could make the extra cost less of an issue.
Or are there "vacation rental furnishing packages" that are reasonable and make more financial sense?
Looking in SW Florida.
Thanks in advance to all experienced vacation rental operators!
I owned a vacation rental for a few years. It was furnished when I bought it. It looked like it was decorated by the golden girls. It was clean and bright but hideously outdated. It made no difference to my tenants. It was in a gated community on a big lake with a private beach and a pool. My point is that the value of the furniture was insignificant. If it wasnt furnished I would have furnished it. It was convenient that it came with furniture. I wouldn't pay extra for furniture. If the furniture is dumpy don't take the furniture but the property's appraisal shouldn't reflect furnishings (in my opinion). I dont know specifically about Florida. Things may be different down there. I also had a management company who did the leasing for me and the agent would shop for me to get things like pillows and fans and other small stuff if it was needed and I would reimburse her.