How much does it cost to furnish a rental condo?
I usually receive this question via email and DM. It’s a pretty vague one really because it’s possible to furnish a rental condo by buying cheaper pieces in department stores or DIY refurbish some thrift finds in flea markets. It really depends on your preference, budget, requirements, and creativity.
I’m sharing this past 1-bedroom project of mine in Acqua Private Residences. Scroll/click on the gallery to see more of it! A client really liked what I did in that penthouse unit in Milano so he asked me to replicate the same theme – minimalist rustic glam. I had 10 days to source, purchase, and decorate.
A rental condo for short to medium term lease (think AirBnB) needs to meet the following functions for optimum occupancy:
- A nice, comfortable, hotel-like bed, with nightstand and lamp; bed sheets
- A dining area with a sturdy table and no-fuss chairs
- A foyer console, sofa sleeper with side table, area rug
- An entertainment and telecomm system (TV, Wifi internet, phone)
- A good-sized refrigerator, microwave oven, water kettle heater, stove top, range hood
- A functional kitchen with all the basic essentials such as 4-pc dinnerware, flatware, glasses, coffee mugs, utensils, and cooking tools; add kitchen backsplash tiles
- Ample closet space with iron, ironing board, hangers, safety deposit box
- A decent bathroom with basic essentials such as a glass enclosure or shower curtain, toiletries rack, hair dryer, trash bin, bath mat
- Balcony furniture (if necessary)
- Hotel-like window treatment, some decor pieces, wall paint, kitchen and good lighting
For this 28 sqm unit, I spent just a little under 300k pesos – all in but exclusive of my fee (haha). Is that too high? Maybe too low? I think it’s just right. If you’re wondering, these are the high ticket items we invested on:
- Upholstered bed frame
- Premium quality memory foam mattress
- Sofa sleeper/sofa bed
- Solid wood dining table
- Solid wood custom-made nightstand
- Refrigerator and TV
The most expensive one is the mattress. Even in hotels & resorts, hospitality companies really invest on great quality mattresses. Though you don’t really see the mattress, we spend most of our time relaxing in bed. And when we (as guests) get a good night’s sleep, we feel great and come back to stay.
So in furnishing your rental condo, choose what to invest on carefully and think about the wear and tear. Perhaps instead of a glass-top dining table, get a sturdy wooden one that will still look good with scratches and stains. Instead of placing too many decors on the wall, choose chunkier and easy-to-monitor pieces that won’t be easy to steal. Don’t forget to child-proof the place too – you wouldn’t want to receive news of anyone bumping their knees in sharp corners.
Is it possible to furnish a small 1-BR at even less? Yes, it is! Again, it really depends on what you want to prioritize and invest on. Is it just the decor to make it look IG-worthy? Or more quality pieces? How about guest comfort?
If you need help, I’m here! I can help you prepare your condo investment into an income-generating rental unit in no time… without breaking a sweat. As I’ve said before, you can make money while somebody else sleeps. 🙂