Short term rental furnishing cost

Bee Setups
1 day ago
16 min read

Getting your short-term rental ready for guests involves more than just picking a paint color. Furnishing is a big part of it, and honestly, it can get pretty expensive. You want your place to look good and be comfortable, but also be tough enough to handle renters. Figuring out the costs involved is key to making sure your investment makes sense. Let's break down what goes into furnishing a rental and how to manage those costs.

Key Takeaways

The average cost to fully furnish a short-term rental can range widely, typically from $12,000-$15,000+ for a one-bedroom and upwards of $30,000-$38,000+ for a five-bedroom property.
Factors like property size, style, and the quality of items chosen heavily influence the total furnishing expenses.
Budgeting for essentials like furniture, decor, appliances, and electronics is crucial for a complete setup.
Cost-saving methods include choosing durable furniture, looking for package deals, and considering second-hand or refurbished items.
Turnkey furnishing services can offer a faster, more efficient setup, often with data-driven design choices to maximize rental income.

Understanding Furnishing Costs For Short-Term Rentals

Getting your short-term rental ready for guests involves more than just finding a place to list. A big part of that is furnishing it. This isn't just about buying a couch; it's about creating an inviting space that guests will love and that will stand up to regular use. The cost can really add up, and it's something you need to plan for right from the start.

Factors Influencing Furnishing Expenses

Several things can make the cost of furnishing your rental go up or down. Think about the size of the place, of course. A tiny studio is going to cost a lot less to furnish than a four-bedroom house. Then there's the style you're going for. Are you aiming for a basic, functional look, or something more high-end and stylish? The quality of the furniture matters too. Cheaper items might seem like a good deal now, but they might need replacing sooner, costing you more in the long run. Location can also play a role, with prices for goods and delivery varying by region.

The Average Cost to Fully Furnish a Short-Term Rental

It's tough to give an exact number because, like I said, it changes a lot. But generally, you're looking at a pretty significant investment. For a one-bedroom place, people often spend anywhere from $12,000 to $15,000 or more. For a two-bedroom, that jumps to $15,000 to $20,000. As you add more bedrooms, the costs keep climbing. A four-bedroom place could easily run you $25,000 to $30,000, and sometimes even more if you're going for a premium look.

Here's a rough idea:

Property Size	Estimated Furnishing Cost
Studio/1 Bed	$12,000 - $15,000+
2 Bedroom	$15,000 - $20,000+
3 Bedroom	$18,000 - $24,000+
4 Bedroom	$25,000 - $30,000+
5 Bedroom	$30,000 - $38,000+

Remember, these are just averages. Your actual costs will depend on the specific items you choose and where you buy them.

Budgeting for Different Property Sizes

When you're planning your budget, it's smart to break it down by the size of your property. A small apartment needs fewer big items like sofas and dining tables, but you still need all the essentials like beds, kitchenware, and decor. A larger home means more furniture, more decor, and potentially more appliances. You also have to think about outdoor spaces if your property has them – patio furniture, grills, and lighting can add up quickly. It’s all about matching the furnishings to the space and what guests expect for that type of property.

Don't forget to factor in the little things. While the big furniture pieces are the most obvious costs, things like bedding, towels, kitchen gadgets, artwork, and even basic cleaning supplies all contribute to the total amount you'll spend before your first guest arrives.

Breakdown Of Furnishing Expenses

Furnishing a short-term rental isn't just about buying a couch and calling it a day. It's a multi-faceted investment that breaks down into several key areas. Understanding these costs upfront helps you budget more effectively and avoid surprises down the line. The biggest chunk usually goes towards the core furniture pieces that define the living space.

Essential Furniture Costs

This is where the bulk of your budget will likely go. Think about the items that guests will interact with daily. This includes:

Living Area: Sofas, armchairs, coffee tables, side tables, TV stands, and lamps. Durability is key here, as these get a lot of use.
Dining Area: A dining table and chairs are a must. The size will depend on your property's capacity.
Bedroom Furniture: Beds (frames and mattresses), nightstands, dressers, and wardrobes or closet organizers. Don't forget bedding and linens!
Outdoor Furniture (if applicable): Patio sets, chairs, or loungers if you have a balcony, deck, or yard.

Decor and Accessory Investments

While furniture forms the foundation, decor and accessories are what give your rental its personality and make it feel welcoming. This category includes:

Window Treatments: Curtains, blinds, or shades for privacy and light control.
Rugs and Carpeting: To add warmth, define spaces, and reduce noise.
Wall Art and Mirrors: To liven up blank walls and create visual interest.
Lighting Fixtures: Beyond basic overhead lights, consider floor lamps, table lamps, and accent lighting.
Bedding and Linens: Sheets, duvet covers, pillowcases, towels, and washcloths. Having spares is a good idea.
Kitchenware and Tableware: Plates, bowls, cutlery, glasses, mugs, pots, pans, and cooking utensils.
Decorative Accents: Throw pillows, blankets, vases, plants (real or faux), and other small items that tie the room together.

Appliance and Electronics Budget

Guests expect modern conveniences. This category covers the functional items that make a stay comfortable and convenient:

Major Appliances: Refrigerator, oven/stove, microwave, and dishwasher (if space allows). In the laundry area, a washer and dryer are often expected.
Small Kitchen Appliances: Coffee maker, toaster, kettle, and sometimes a blender or other small gadgets.
Electronics: Television, Wi-Fi router, and potentially a smart speaker or sound system.
Safety Equipment: Smoke detectors, carbon monoxide detectors, and a fire extinguisher are non-negotiable.

The cost for a full setup can vary widely, but for a 1-bedroom place, you might be looking at $12,000 to $15,000 or more. For larger homes, like a 4-bedroom, this can easily climb to $25,000 to $30,000 and beyond. These figures are just a starting point, as the final price depends heavily on the size, style, and specific items you choose.

Cost-Saving Strategies For Furnishing

Furnishing a short-term rental doesn't have to break the bank. With a little planning and some smart choices, you can create a stylish and functional space without overspending. It's all about being strategic with your purchases and knowing where to look for deals.

Optimizing Furniture Selection for Durability

When you're furnishing a rental property, think long-term. You want pieces that can withstand frequent use and the occasional wear and tear from guests. Investing in durable items upfront can save you money down the line by reducing the need for frequent replacements.

Look for solid construction: Opt for furniture made from sturdy materials like solid wood or metal frames. Avoid particleboard or flimsy materials that can break easily.
Choose performance fabrics: Upholstered items should have fabrics that are easy to clean and resistant to stains and fading. Microfiber, leather, or performance blends are good choices.
Consider multi-functional pieces: A sofa bed or an ottoman with storage can serve multiple purposes, saving space and money.

Leveraging Package Deals and Bundles

Many retailers and online stores offer furniture packages specifically designed for rental properties or apartments. These bundles can often provide a significant discount compared to buying individual pieces. It's a convenient way to get a cohesive look for multiple rooms at once.

Apartment starter kits: These often include essentials like a bed, sofa, dining set, and sometimes even basic decor.
Room-specific bundles: You might find deals for a complete bedroom set or a living room package.
Check for seasonal sales: Keep an eye out for holiday sales or end-of-season clearances where these packages might be further discounted.

Considering Second-Hand or Refurbished Items

Don't shy away from the pre-owned market! You can find some fantastic deals on furniture that's still in great condition. This is especially true for items that aren't the absolute centerpiece of a room, like side tables, lamps, or decorative pieces.

Online marketplaces: Websites like Facebook Marketplace, Craigslist, or dedicated vintage furniture sites can be goldmines.
Thrift stores and consignment shops: These places often have unique finds at very low prices.
Refurbished furniture: Sometimes, you can find pieces that have been professionally restored or updated, offering a like-new look for less.

Buying used furniture is not just about saving money; it's also a more sustainable choice. You're giving items a second life and reducing waste, which is a win-win for your wallet and the planet.

Remember, the goal is to create an attractive and comfortable space that guests will love, all while keeping your budget in check. Smart shopping and a bit of creativity go a long way.

The Impact Of Furnishing Quality On Rental Income

So, you've got your short-term rental property ready to go, but what about the stuff inside? It's easy to think that any old furniture will do, but honestly, the quality of your furnishings can really make or break how much money you bring in. It's not just about filling a space; it's about creating an experience that guests will pay for and rave about.

Balancing Aesthetics and Functionality

When you're picking out furniture, you've got to walk that fine line between making the place look good and making sure it actually works for people. A super stylish sofa might look amazing in photos, but if it's uncomfortable or falls apart after a few guests, that's a problem. Guests want a place that's not only pretty but also practical. Think about how people will actually use the space. Do they need a sturdy dining table for working or eating? Is the seating comfortable for relaxing after a day of exploring? Finding that sweet spot means guests feel comfortable and happy, which usually leads to better reviews and more bookings.

How Furnishings Affect Guest Reviews

Guest reviews are like gold for short-term rentals. People check them before they book, and good reviews mean more bookings and potentially higher nightly rates. Furnishings play a huge role here. A well-decorated, comfortable, and well-maintained space will get you glowing reviews. Guests often mention things like "comfy beds," "stylish decor," or "everything we needed." On the flip side, if the furniture is worn out, uncomfortable, or just plain ugly, you're likely to get reviews mentioning those issues. This can really hurt your booking potential.

Here's a quick look at how different furniture aspects can influence reviews:

Comfort: Are the beds, sofas, and chairs actually comfortable for extended stays?
Durability: Does the furniture look and feel sturdy, or is it showing signs of wear and tear?
Style: Does the decor match the vibe you're going for and appeal to your target guest?
Functionality: Is there enough space, are the items practical for daily use (e.g., good lighting, sufficient storage)?
Cleanliness: Is the furniture easy to clean and maintain, keeping it looking fresh?

Investing in High-ROI Furnishing Choices

When you're furnishing, think of it as an investment, not just an expense. Spending a bit more upfront on durable, attractive, and functional pieces can pay off in the long run. High-quality items tend to last longer, meaning fewer replacements and repairs. Plus, a well-furnished property can command higher nightly rates and attract more bookings, directly boosting your return on investment (ROI).

Consider these points for maximizing your ROI:

Target Guest Appeal: Furnish with your ideal guest in mind. A family might need different things than a solo business traveler.
Durability Over Trendiness: Opt for sturdy, well-made pieces that can withstand frequent use. Trends fade, but quality lasts.
Smart Sourcing: Look for package deals or consider reputable companies that specialize in furnishing rentals. They often know what works and can source items efficiently.

The initial cost of furnishing can seem high, but viewing it as an investment in your property's earning potential changes the perspective. A property that looks and feels great will attract more guests, get better reviews, and ultimately generate more income over time than a poorly furnished one. It's about creating a space that guests want to return to.

Here's a rough idea of how furnishing costs can relate to potential income, though actual numbers vary wildly:

Property Size	Estimated Furnishing Cost	Potential Increase in Nightly Rate
Studio	$5,000 - $10,000	$10 - $25
1-Bedroom	$8,000 - $15,000	$15 - $35
2-Bedroom	$12,000 - $20,000	$20 - $50
3-Bedroom	$15,000 - $25,000	$25 - $60

Remember, these are just ballpark figures. The actual impact depends on your market, the quality of your furnishings, and how well you market your listing.

Turnkey Furnishing Solutions

Sometimes, you just want to hand over the keys and let someone else handle the heavy lifting. That's where turnkey furnishing solutions come in. These services are designed to take a property from completely empty to fully furnished and ready for guests, all with minimal input from you. Think of it as a done-for-you service for your rental property.

Benefits of Professional Furnishing Services

Working with a professional furnishing company can save you a ton of time and hassle. They handle everything from the initial design concept to sourcing furniture, coordinating deliveries, and the final setup. This means you don't have to spend weekends hunting for the right sofa or figuring out how to assemble that tricky bookshelf. Plus, they often have access to trade discounts and can source durable items that hold up better to guest use, potentially saving you money in the long run.

Time Savings: Significantly reduces the time you spend on furnishing.
Expert Design: Access to professional designers who know what works for rental properties.
Streamlined Process: One point of contact for all your furnishing needs.
Quality Assurance: Often use durable, high-quality items to minimize replacements.

Understanding Setup Fees and Furniture Costs

Most turnkey services operate on a two-part pricing model: a setup fee and the cost of the furniture itself. The setup fee covers the design work, project management, and labor for delivery and assembly. These fees can vary widely, from a few hundred dollars for basic packages to several thousand for more comprehensive services. The furniture cost is exactly what it sounds like – the price of all the items needed to furnish your property. Some companies offer different package tiers, like "Essentials" or "Premium," which dictate the level of design and the quality of furnishings included, with corresponding setup fees.

Package Type	Typical Setup Fee	Includes
Standard	$995+	Studios/1BR, basic design, 2 revisions
Essentials	$2,500+	Larger homes/apartments, interior only, 3 revisions
Premium	$4,500+	Larger homes/apartments, interior & exterior, 4 revisions
Luxury	$6,500+	High-end properties, custom design, 5 revisions, premium amenities

Note: All prices are in addition to the cost of furniture and are subject to change.

The Value of Data-Driven Design

Good turnkey services don't just pick out pretty furniture; they use data to inform their design choices. They look at what's popular in your specific rental market, what types of amenities attract guests, and what design styles lead to higher booking rates and better reviews. This data-driven approach helps ensure that the furnished property is not only attractive but also optimized for revenue. This strategic design can lead to higher nightly rates and improved occupancy. It's about making smart choices that pay off financially, rather than just guessing what guests might like.

Investing in a turnkey solution isn't just about buying furniture; it's about buying a faster path to rental income and a more professionally presented property. These services aim to reduce the common pitfalls and delays that can plague DIY furnishing projects, ultimately helping you launch your rental faster and potentially earn more from day one.

Financing Your Short-Term Rental Furnishings

So, you've figured out the costs of furnishing your short-term rental, but now comes the big question: how do you actually pay for it all? It's a significant upfront investment, and not everyone has tens of thousands of dollars just sitting around. Luckily, there are a few ways to handle this.

Exploring Financing Options for Setup Costs

Many companies that offer furnishing services also have financing options. This is a pretty common setup, especially for investors who are scaling their portfolios. They'll often work with you to get pre-qualified, and then you can choose a payment plan that fits your budget. It's usually a pretty straightforward process, often involving a quick online application. The goal here is to spread out that big furniture bill over time, making it much more manageable.

Managing Cash Flow with Payment Plans

Payment plans are a lifesaver for keeping your business finances healthy. Instead of a massive hit to your bank account all at once, you can break down the cost into smaller, predictable monthly payments. This helps you maintain positive cash flow, which is super important when you're just starting out or adding more properties to your portfolio. It means you can invest in your rental without draining your operating funds.

Here's a general idea of what monthly payments might look like, though these can vary a lot:

1-bedroom apartment: Around $130 - $190 per month
2-bedroom home: Around $190 - $320 per month
3-bedroom home: Around $300 - $400 per month
4-bedroom home: Around $350 - $500 per month
5-bedroom home: Around $480 - $600+ per month

Remember, these are just examples. The actual cost depends heavily on the size of your property, the style you choose, and the specific items you select.

Calculating Monthly Furniture Payments

Figuring out your monthly payment usually involves a few steps. First, you'll need to know the total cost of your furniture and setup. Then, you'll work with a financing provider or the furnishing company to determine the loan term (how many months or years you'll be paying it off) and the interest rate. Most providers will have a calculator or can give you a clear breakdown. The key is to find a payment that you can comfortably afford each month without straining your rental income.

It's always a good idea to get a few quotes from different financing options or furnishing companies. Compare not just the monthly payments, but also the total amount paid over the life of the loan, including any fees or interest. This way, you're making the most informed decision for your investment.

Timeline And Execution Of Furnishing Projects

Getting your short-term rental furnished and ready for guests involves a series of steps, and understanding the timeline is key to launching your property smoothly. While it might seem straightforward, there are moving parts that can affect how quickly you go from an empty space to a guest-ready haven.

Typical Furnishing Project Durations

Most furnishing projects, especially when working with professional services, tend to take between 3 to 6 weeks from the initial consultation to the final setup. This timeframe can shift based on several factors:

Property Size and Complexity: A studio apartment will naturally take less time than a multi-bedroom house with multiple bathrooms and living areas.
Furniture Lead Times: The availability and shipping times for specific furniture pieces and decor can cause delays. Custom orders or items with high demand might have longer waits.
Design Revisions: If you opt for a service that includes design consultations, the number of revisions you request can add time to the process.
Logistics: Coordinating deliveries, especially for larger items or in areas with difficult access, can also impact the schedule.

The Turnkey Setup Process Explained

Turnkey furnishing services aim to handle almost everything for you, making the process as hands-off as possible. Here’s a general breakdown of how it usually works:

Initial Consultation & Design: You'll connect with a designer, discuss your vision, budget, and target guest. They'll then create design concepts, floor plans, and mood boards.
Approval & Purchasing: Once you approve the design, the company will finalize the furniture and decor list. You'll then pay for the items, often with financing options available.
Procurement & Logistics: The company orders all the items, manages shipping, and coordinates delivery schedules.
Delivery & Installation: A team will deliver all the furniture and decor, assemble it, and stage the property to look its best.
Final Walkthrough & Handover: After the setup is complete, you'll do a final walkthrough to ensure everything is to your satisfaction. The property is then ready for listing.

The goal of a turnkey service is to take a property from completely empty to fully furnished and guest-ready with minimal effort on your part. They manage the design, sourcing, delivery, and setup, aiming to get your rental generating income as quickly as possible.

Accelerating Your Rental Launch

If you're on a tight schedule, there are ways to speed things up:

Opt for Pre-Built Packages: Some services offer pre-designed packages for different property types (e.g., studio, 1-bedroom). These often have faster turnaround times as the design is already set.
Be Decisive: Respond promptly to design proposals and purchasing decisions. Delays in your feedback can slow down the entire project.
Choose Readily Available Items: If you're involved in the selection, prioritize furniture and decor that are in stock and have quick shipping times.
Clear Communication: Maintain open lines of communication with your furnishing provider to address any potential issues proactively.

We manage the whole process of getting your place ready for guests, from start to finish. Think of us as your project managers for making your AirBnB look amazing and function perfectly. We handle all the details so you don't have to worry about a thing. Ready to see how we can transform your property? Visit our website to learn more!

Wrapping It Up: Furnishing Your Short-Term Rental

So, we've talked a lot about the costs involved in furnishing a short-term rental. It's definitely an investment, but one that can pay off big time if you get it right. Remember, the goal is to create a space that guests love, which means more bookings and better reviews. Whether you're doing it yourself or looking for a turnkey solution like Bee Setups, focusing on quality and guest experience is key. Don't forget to factor in everything from furniture to those little touches that make a place feel like home. Ready to get started? Schedule a call with Bee Setups to see how they can help you furnish your property faster and more efficiently. You can also check out their different package options to find what fits your needs.

Frequently Asked Questions

How much does it typically cost to furnish a short-term rental?

The cost to fully furnish a short-term rental can vary a lot, but generally, you're looking at anywhere from $12,000 for a small one-bedroom place to $30,000 or more for a larger house with multiple bedrooms. This includes furniture, decor, and essential appliances. Companies like Bee Setups offer different packages to fit various budgets, starting around $995 plus the cost of furniture for their Standard package.

What are the main things that affect furnishing costs?

Several things can change the price. The size of your property is a big one – more rooms mean more furniture! Also, the quality of the items you choose matters a lot. Do you want basic, durable pieces, or are you aiming for a high-end, stylish look? The location can also play a role due to shipping costs and local market prices. Even the type of property, like a condo versus a single-family home, can influence the final cost.

Are there ways to save money when furnishing a rental?

Absolutely! You can save money by looking for furniture bundles or package deals. Buying second-hand or refurbished items can also be a smart move, as long as they're still in good shape. Choosing durable, easy-to-clean furniture means you won't have to replace items as often, saving you money in the long run. Sometimes, focusing on essential items first and adding decor later can help manage your budget.

How does the quality of furnishings impact my rental income?

High-quality furnishings can really make a difference! They make your property look more appealing in photos, which can lead to more bookings and potentially higher nightly rates. Happy guests who enjoy comfortable and stylish surroundings are more likely to leave great reviews, boosting your listing's reputation. This can lead to better occupancy rates and more overall income for your rental.

What is a 'turnkey' furnishing service, and why use one?

A turnkey furnishing service, like Bee Setups, handles everything from design to delivery and setup. They take your empty property and make it completely ready for guests. This saves you a huge amount of time and stress. They use data to design spaces that attract renters and aim to maximize your return on investment, helping you avoid costly mistakes.

Can I finance the cost of furnishing my short-term rental?

Yes, financing is often available for furnishing costs. Companies like Bee Setups offer financing options that allow you to spread the payments out over time, making it easier to manage your cash flow instead of paying a large sum upfront. This can be a great way to get your property ready without a massive initial investment. You'll typically need to apply and be approved for the financing.