Deciding whether to furnish your investment property is a personal decision. Three factors to consider are:

• Your target market and the availability of tenants
• The location of your property and demand for furnished properties
• Maintenance costs of the furnishings

The types of tenants a furnished property might appeal to include executives, white collar professionals working on contract, or families that may need an interim property whilst renovating their own home. The location of your property plays a big role in attracting these types of tenants.

Property investors need to determine if there is a demand for furnished properties in the suburb. Generally speaking, furnished properties have less appeal and cost more to manage. A Property Manager will be able to give you accurate advice, and the decision making process can be supported with a feasibility study.