Table of Contents
- Semi-furnished apartment
- A furnished apartment
- Fully-furnished apartment
- Difference between various categories of furnished apartments
- Which type of apartment should you opt for?
- Turn your semi-furnished or unfurnished home into a dream home with Housing Edge
- Benefits of furniture on rent with Housing Edge
Most builders often develop bare-shell apartments and hand it over to their occupants. The buyers, based on their needs and budget, either choose to start living in these or rent it out to prospective tenants. Consequently, newly-developed residential destinations, generally have a healthy mix of ready-to-move-in residential apartments, for those seeking rental accommodation. Based on the amenities available, these apartments are generally categorised as ‘fully furnished’, ‘furnished’ or ‘semi-furnished’.
This category of housing is very similar to bare-shell apartments, with minimum basic amenities such as lights and fans. These apartments may or may not have a shelf or cupboard in all its rooms.
A furnished apartment
The term can be confusing at times. This is not a definitive term and does not bind an owner to provide the exact number of amenities to his tenant. Most often, this term means that the apartment will have cupboards and shelves, cabinets, a modular kitchen and lights and fans. If you are looking for something more, you should negotiate with your landlord. If he is willing to put an air-conditioning system within the same cost, consider yourself lucky.
A fully-furnished apartment, however, may have all of the above, including air-conditioning and water heaters in the bathrooms. In addition to these, if the apartment is a serviced apartment, it will be run like a hotel, with the assistance of a facility management team. A serviced apartment will have all kinds of amenities in the rooms – the kitchen will stocked with grocery and regular kitchenware including a refrigerator and microwave oven, the rooms will have bed linen and extra towels and the apartment will also have a telephone connection.
In India’s rental market though, serviced apartment projects are few. In the rental market, home owners generally limit themselves to providing a ‘furnished’ apartment. Suraj Kumar, a Noida-based broker, says, “A fully-furnished apartment is difficult to find in our cities. Only serviced apartments provide that kind of services. Largely, you will only find furnished apartments, with limitations and the tenant will have to make provisions for other important things.”
Difference between various categories of furnished apartments
While there is visible difference in these three categories, the apartments also differ in rental rates. In general, there is a difference of around 10%-15% in rental values, between a bare-shell apartment and a furnished apartment. On the other hand, the rental rate of a fully-furnished apartment or a serviced apartment may be many times higher.
Manish Mishra, a facility manager with a large company and based out of Jaipur, explains that “The rental rate of a serviced apartment or a fully-furnished apartment, may be on the higher side and is often meant for people with deep pockets or business travellers. The demand for such units mostly comes from foreign tourists who wish to reside here for medium to long term.” Often a fully-furnished apartment is customised on demand and as per the request of the tenant.
Which type of apartment should you opt for?
If you are a landlord, the idea of a furnished apartment makes sense, if you wish to earn more as rental income.
The cost of furnishing the apartment, can be recovered within a period of 1 to 1.5 years. “Chances are that if you get a decent tenant, who keeps your apartment clean and cares for the belongings and furnishings, there will be minimum requirement for maintenance once he leaves. This way you can earn and save,” Kumar points out.
From the tenant’s perspective, a furnished apartment makes sense, if one has moved to a city only for a short period. Students can also look for such apartments.
The extra cost of Rs 2,000-5,000 per month on furnishings, will at least take care of the basic amenities. Nevertheless, the choice is subjective and depends on one’s needs.
Turn your semi-furnished or unfurnished home into a dream home with Housing Edge
Let us suppose that you have moved into your new home, an unfurnished or semi-furnished property and you have deferred the purchase of furniture for a while, due to lack of funds or for lack of choice. Maybe, you even postponed it, because you could not shop at your favourite furniture store due to the Coronavirus pandemic. With Housing Edge, a host of online services come handy in such cases. In this case, home buyers (even tenants) can opt for furniture on rent at affordable prices.
The process of renting furniture is easy with Housing Edge. All you need to do is choose the item from the product catalog, fill up the form with your details and the service provider, Rentomojo, will reach out to you with the best deals and offers on furniture renting.
Benefits of furniture on rent with Housing Edge
There are numerous benefits to renting furniture from Housing Edge. First of all, there is a wide range of products to choose from, made available by all the leading brands. This includes not just tables, chairs or sofa sets but electronic items like refrigerators, washing machines, fitness equipment, appliances such as mixer grinders or even gadgets like laptops. There are customised work-from-home packages, as well that is the need of the hour for many households.
Secondly, all products are properly sanitised. Despite COVID-19, your daily life should not suffer and Housing.com has gone ahead to provide you with a great living experience at your home and has tied up with trusted partners to bring you clean, sanitised furniture, electronics and much more.
Thirdly, the process of renting furniture with Housing Edge is very simple, with flexible payment options to enable you to use first and pay at your convenience.
Next, there is no compromise when it comes to the quality or design of the furniture. We have made sure that you have access to premium designs that will help you convert a regular home into a beautiful home!
Moreover, you can ask for easy upgrades, if you are happy or unhappy with the product.
What if you are switching cities? How would you take the furniture with you? Our partners will help you with free relocation and even free maintenance at any time. All you need to do, is beautify your home and sit back, while our partners will look after all your furniture-related needs.
Does Housing Edge provide home interior services?
Yes, Housing.com has partnered with Livspace to provide customised interior decor services to numerous users. You can simply submit your details, speak to designers and customise your decor plan, place your order and get set to occupy your dream home within a stipulated period of time. All of these are available at affordable prices.
What services does Housing Edge provide?
You can pay rent using your credit card, debit card, net banking or wallets, create a rent agreement, call trusted movers and packers, rent furniture, ask for home interior decor services or even opt for a tenant verification service, with Housing.com’s Housing Edge, all at very affordable prices.
Are fully furnished properties more expensive than semi-furnished ones?
Fully-furnished properties are usually more expensive than unfurnished and semi-furnished properties. However, much of it also depends on the quality of furnishing. If the furnishing is poor, a tenant could ask the landlord to reduce the rent.
(With inputs from Sneha Sharon Mammen)