Seeking Expert Advice: The Furnished vs. Unfurnished Dilemma for My Lakewood Duplex

[Stephen Sayles]

Hello Bigger Pockets community,

I find myself at a pivotal moment with my recently revamped duplex in Lakewood, and I'm turning to this community for your valuable insights. The question that looms large: should I opt for a furnished or unfurnished rental approach?

Background: The renovation journey has been comprehensive—refinished wood floors, new windows, central AC, and fully remodeled kitchens and bathrooms. Now, as I stand on the brink of the rental phase, the decision on furnishing is a real conundrum.

Key Questions:

1. Furnished or Unfurnished: I'm keen to hear your experiences and the factors that played a role in your decision. Are there unforeseen challenges or benefits I should be aware of? Plus I think furnishing it with a rug may protect the recently finished floors
2. Rental Pricing Guidance: Beyond the furnishing dilemma, I'm seeking advice on how to strategically price my rentals. What's the sweet spot for a furnished or unfurnished unit in the Lakewood area?

Your seasoned advice is invaluable to me at this juncture. Whether it's insights on the pros and cons of furnished vs. unfurnished or suggestions on rental pricing, I'm eager to tap into your collective wisdom.

Thank you immensely for being part of this decision-making process!