Pros and Cons of Buying a Furnished or Unfurnished Property in Kenya
There are pros and cons to buying a furnished or not furnished property, and the decision will ultimately depend on your personal preferences, financial situation, and future plans.
AREBP
When it comes to buying a property, one of the major decisions that you will have to make is whether to buy a furnished or not furnished property. There are pros and cons to both options, and the decision will ultimately depend on your personal preferences, financial situation, and future plans. In this article, we will explore the advantages and disadvantages of each option to help you make an informed decision.
Furnished Property:
A furnished property is one that comes with furniture and other essential items such as appliances, carpets, curtains, and lighting fixtures. Here are some of the advantages and disadvantages of buying a furnished property:
Advantages:
1. Convenience
One of the major advantages of buying a furnished property is the convenience that it offers. You don't have to worry about buying furniture or other essential items, as they are already provided for you. This can be particularly beneficial if you are moving to a new city or country and don't want to go through the hassle of buying new furniture and appliances.
2. Immediate move-in
Another advantage of buying a furnished property is that you can move in immediately after the purchase. You don't have to wait for furniture to be delivered or for other items to be installed.
3. Higher rental income
If you are buying a property for investment purposes, a furnished property can generate higher rental income compared to an unfurnished property. This is because tenants are willing to pay more for the convenience of having furniture and other essential items provided for them.
Disadvantages:
1. Higher purchase price
One of the major disadvantages of buying a furnished property is that it typically comes with a higher purchase price compared to an unfurnished property. This is because you are paying for the furniture and other items that come with the property.
2. Maintenance
Another disadvantage of buying a furnished property is that you are responsible for maintaining the furniture and other items. This can be time-consuming and costly, particularly if you have to replace items that are damaged or worn out.
3. Limited personalization
If you have specific preferences when it comes to furniture and decor, a furnished property may not be the best option for you. You may have to live with furniture and decor that doesn't match your taste, which can be frustrating.
Unfurnished Property:
An unfurnished property is one that does not come with furniture or other essential items. Here are some of the advantages and disadvantages of buying an unfurnished property:
Advantages:
1. Lower purchase price
One of the major advantages of buying an unfurnished property is that it typically comes with a lower purchase price compared to a furnished property. This can be particularly beneficial if you are on a tight budget.
2. Personalization
Another advantage of buying an unfurnished property is that you have the freedom to personalize the space according to your taste and preferences. You can choose your own furniture and decor, and create a space that truly feels like home.
3. Lower maintenance costs
Since an unfurnished property does not come with furniture or other items, you are not responsible for their maintenance. This can save you time and money in the long run.
Disadvantages:
1. Additional expense
One of the major disadvantages of buying an unfurnished property is that you will have to buy furniture and other essential items separately. This can be an additional expense that you may not be prepared for.
2. Delayed move-in
Another disadvantage of buying an unfurnished property is that you will have to wait for furniture and other items to be delivered before you could move into it.
If you have a real estate press release or any other information that you would like featured on African Real Estate Blog Post do reach out to us via email at [email protected]
