I am caught in a bit of dilemma whether to provide full furnishing and rent my condo unit at higher rental, or just stay with partially furnished.

It's a unit about 8xx sf, 2 rooms, 2 bath. Already have 3 aircond, kitchen cab, grille. I think it can fetch RM1500 per month rental. Have to minus about RM300 from the rental for maintenance.

To bring it to fully furnish here is my calculation as like this :-

Sofa bed: Rm400
TV rack: Rm200
Washing machine: RM600
Fridge: RM750
Divan Bed with mattress (masterbed room) : RM400
Wardrobe: Rm300
Single Bed with mattress: RM350

Total: RM3000++

Are the calculation reasonable ?

After adding RM3000++ into it, how much additional rental should I charge ?

Recently my condo has rented out for RM1,500, fully furnished. Aircon unit x 3, fridge, kitchen cabinet, stove, washing machine, microwave, bedframe x 2, 1 set of dinning table with chair and 1 set of sofa. It is all depending on your market price for your area. The most easiest is to go Iproperty there and search for the same condo unit and see how much is the market price. I did the same thing as well. Godd luck TS on renting out your unit.

Thanks for the reply.

I am trying to figure out which is the best strategy.

I see that from iprop my prop type is asking for RM2000 for fully furnish. I am a bit skeptical about it.

If from RM1500 semi furnish, pay Rm3000+, and rentout for RM1800, do you think it is worth it ? I don't a situation of got price but no market. I also want to quickly rent out as fast as possible.

This post has been edited by tmc: Oct 1 2019, 11:23 AM

From what I observe they would put on the cheapest price tag on the largest unit they are showing you on their advertisement. I might be wrong but that was at least 50% of my encounter on the advertisement they put up until I made a call to them to inquiry.

Well I'm not property guru, but I'm thinking your asking price is fair enough. Those additional RM300 x 12 months = RM3,600, maybe throw in your additional parking space.

I have looked through online purchase website, I have obtained some ballpark figures for off-the-shelf furnishing :-

Common Area
==========
1. Washing machine 7 kg - RM500
2. 2 door fridge RM750
3. Sold wood dinning table set RM300
4. 4 Seater sofabed RM400
5. Chipboard 6 feet TV Rack RM 150.
6. 40 inch TV RM700

subtotal = 2800

Masterbed Room
===========
1. 3 door wardrobe - RM300
2. Queen Size Divan (bed) RM150
3. Queen Size Mattress RM 200

Subtotal = 650

Second Room
==========
1. Wardrobe using DIY cube RM 60
2. Single Bed with pull out bed with Mattress RM RM550.


Sub Total = RM 610

Total = Rm2800 + RM650 + RM610 = RM 4060

RM4060 spread over 2 years = RM170 per month.

So looks like increase RM200 per month on existing semi-furnish rental is good enough.

This post has been edited by tmc: Oct 15 2019, 01:18 PM

If I were you ....

I will try to let out as-is basis and will also inform potential tenant that it can be full furnished as per list attached for additional RMxxx rental.

Let it out which ever offer comes first.

After all, those furnishings can be settled in a week before the tenant moves in.

This post has been edited by mini orchard: Oct 15 2019, 01:15 PM

I second this suggestion. At least you get the interested tenant to come up to your desired rental price and get his agrrement on rental rate before you go shopping.

The key contention is that, from semi-furnished (with only lighting, air-cond, and kitchen cab, water-heater ) to fully furnished, how much additional rental is deems acceptable to a prospect ?

Is it RM200 or RM300 ? Would anybody even pay RM400 additional for a fully furnished unit ?

Sorry.... crystal ball cannot see that far.

What other landlords are asking for similar furnishing in your block or surrounding. Pretend to be potential tenant and start viewing their units. At the same time you may see new ideas and package it to suit your tenant.

i think if your units are empty, its very hard to even attracts prospect to views...

try to look at the other available units, hows the competition like?

and then consider how long u willing to hold decision?EG: 2 months for partially furnished?

give it a plan, stick to it is the best