Should you invest in new furniture before renting your HCMC apartment?

Should You Invest in New Furniture Before Renting Out Your Apartment in Ho Chi Minh City?

Reference Information for Tips for Landlords & Property Owners

Do you own an apartment in Ho Chi Minh City and want to rent it out? The biggest question is probably: "Should I invest in brand new furniture before renting?". This is a "tricky" question that many landlords struggle with. Don't worry, this article will help you break down this issue in detail, helping you make the most informed decision!
  1. Why Do Landlords Hesitate About Investing in New Furniture?

Before diving into the analysis, let's review the reasons why landlords hesitate:

Investment costs: Obviously, new furniture requires a significant amount of money.

Risk of wear and tear: Tenants use the furniture, which can suffer wear and tear or damage.

Personal preferences: Not everyone likes your aesthetic taste.

Payback period: Will the increased rental price be enough to offset the investment costs?

2. The "Visible" Benefits of Investing in New Furniture

However, don't rush to reject this idea. Investing in new furniture offers significant benefits:

Attract potential tenants: Beautiful, well-equipped apartments are always prioritized.

Higher rental price: New, modern furniture allows you to price higher than unfurnished or old furniture apartments.

Minimize vacancy time: The apartment is quickly rented, avoiding the "hanging" of the house.

Increase apartment value: In the long term, investing in furniture helps your apartment "score points" when you intend to sell.

3. "Weighing" Important Factors

To make a final decision, you need to carefully consider the following factors:

Target tenant:

High-end customers (Expats, high-income earners): Willing to pay for fully furnished apartments with luxurious and modern furniture.

Young families, students: Prioritize simple, convenient, and affordable furniture.

Apartment location:

Central area (District 1, 3): High demand for high-end, fully furnished apartments.

Suburban area (District 2, 7, Binh Thanh): Suitable for young families, prioritizing comfortable living space and basic amenities.

Investment budget: Clearly determine the amount you can afford to spend on furniture purchases.

Design style: Choose a style that suits the target tenant and market trends. Prioritize minimalist, modern styles that are easy to "please" many people.

4. So What Should You Invest In? "Secrets" to Choosing Furniture for Rent

If you decide to invest, focus on the following:

1. Basic furniture:

Bed, wardrobe, sofa, dining table.

Kitchen (kitchen cabinets, induction/infrared stove, range hood).

Sanitary equipment (toilet, shower, lavabo).

2. Electronics:

Air conditioner (prioritize energy-saving type).

Television.

Washing machine.

Refrigerator.

3. Household items:

Bowls, chopsticks, pots, pans.

Curtains.

Lighting.

Note:

Choose good quality, durable, and easy to clean furniture.

Prioritize multi-functional furniture that saves space.

Don't forget to add a few small details to create highlights for the apartment.

Shop at reputable stores with clear warranty policies.

5. Real-Life Story: Experience From a Landlord

I have a friend, Ms. Hanh, who owns a 2-Bedroom apartment in Masteri Thao Dien. Initially, she intended to rent the unfurnished apartment so that customers could decorate freely. However, after consulting with 456 Vietnam, she decided to invest in a basic furniture package in a minimalist style. As a result, her apartment was rented out immediately after just one week of posting with a price 15% higher than similar unfurnished apartments. Ms. Hanh shared: "The decision to invest in furniture was a good decision. It not only helped me find tenants quickly but also increased the value of my apartment."

6. Sharing From Tenants: What Is Important To Them?

I also had the opportunity to chat with some friends who are renting apartments. Most agree that furniture is an important factor when choosing a place to live. Ms. Lan, an office worker renting an apartment in District 4, shared: "I really like apartments with available furniture, especially beds, wardrobes, air conditioners and washing machines. It saves me time and effort when moving in."

7. 456 Vietnam – "Powerful Assistant" for Landlords

If you are still hesitant, don't hesitate to contact 456 Vietnam. With over 13 years of experience in the real estate rental field, 456 Vietnam will help you:

Consultation: Choosing a furniture package that suits your budget and target tenants.

Search: Providing a list of real apartments – real prices, updated daily.

Support: Legal, bilingual contracts (Vietnamese – English, Korean... if needed).

Management: Apartment for rent, inspection, reporting, periodic maintenance.

456 Vietnam specializes in providing rental and sale services for high-end apartments in central districts of Ho Chi Minh City such as District 1, 2, 4, 7, Binh Thanh, Thu Duc, especially in Thao Dien, Thu Thiem, Phu My Hung areas... with outstanding projects such as: Vinhomes Central Park, Vinhomes Golden River, Grand Marina, Sunwal Pearl, Masteri Thao Dien apartments, Lumiere Thao Dien, Estella Height, The Vista, Thao Dien Green, Thao Dien Pearl, The River Thu Thiem, Metropole Thu Thiem, Sala, The Sun Avenue, New City Thu Thiem, Feliz En Vista, Palm Height, Millennium, Goldview, Icon 56, Saigon Royal, Sunrise City, Saigon Pearl, The Manor, City Garden, Pearl Plaza...

8. Customer Reviews:

"I am very satisfied with 456 Vietnam's service. Thanks to your enthusiastic advice, I found the apartment I wanted in just one day. You support very quickly and professionally, from viewing the house to signing the contract. I will definitely recommend 456 Vietnam to my friends." - Mr. Minh, apartment tenant at Vinhomes Central Park.

Sincere Advice:

Investing in new furniture before renting an apartment is a decision that needs careful consideration. Consider your target tenants, apartment location, investment budget, and design style to make the most appropriate decision. Don't hesitate to seek advice from real estate experts to get the most useful advice.

Reference information - contact a professional unit for support in real-world cases.

Need more information or expert advice?

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