A furnished apartment is one that comes with essential furniture and household items, such as sofas, beds, tables, chairs, and even appliances like a refrigerator, washing machine, and microwave. Essentially, you can move into a furnished apartment right away, as it is equipped with everything you need to live comfortably.
Furnished apartments are ideal for people who have just moved to a new city or those who don’t want to invest in buying and transporting furniture. They’re also a popular choice for individuals who only need short-term accommodation, as the cost of renting a furnished apartment is often higher, but it saves you from the hassle of purchasing and moving furniture.

Unfurnished Apartments

On the other hand, an unfurnished apartment comes with very minimal or no furniture at all. Typically, it includes only basic features such as flooring, lighting, and kitchen fittings like a sink and cabinets. If you choose an unfurnished apartment, you will need to purchase all the furniture and appliances you need to make the space livable.
Unfurnished apartments are typically more affordable than furnished ones, offering the freedom to design and furnish the space according to your personal taste. This can be a significant advantage for people who plan to stay in the apartment long-term, as they can invest in high-quality furniture that suits their lifestyle.

What Is the Difference Between Furnished and Unfurnished Apartments

The primary difference, when we compare furnished vs unfurnished apartments lies in the presence of furniture and appliances. A furnished apartment provides you with everything you need to live immediately, while an unfurnished apartment leaves you to fill the space with your own possessions.
Here are the key factors to consider:

• Cost:

• Furnished Apartment: The rent for furnished apartments is usually higher due to the added convenience of ready-to-use furniture and appliances.
• Unfurnished Apartment: Unfurnished apartments are generally more affordable because you are responsible for bringing in your own furniture and appliances.
  

• Time and Effort:

• Furnished Apartment: Moving into a furnished apartment is quick and easy, as the space is already set up. You don’t need to spend time shopping for furniture or arranging delivery.
• Unfurnished Apartment: Moving into an unfurnished apartment can be time-consuming, as you’ll need to purchase and move furniture. If you're someone who enjoys designing your living space, however, this can be a rewarding experience.
  

• Customisation:

• Furnished Apartment: In a furnished apartment, the style and layout are often fixed, meaning you don’t have much flexibility to change the look or feel of the space.
• Unfurnished Apartment: With an unfurnished apartment, you have more control over the design and layout. You can personalise the space to reflect your tastes and preferences.
  

• Long-Term Viability:

• Furnished Apartment: Furnished apartments may be convenient for short-term stays but may not be the most cost-effective option in the long run. The higher rent payments can add up over time.
• Unfurnished Apartment: If you plan on staying in the apartment for several years, an unfurnished apartment is generally a more economical choice. You can buy durable, high-quality furniture and appliances that will last for years.
  

• Convenience:

• Furnished Apartment: If you’re someone who needs a hassle-free solution, a furnished apartment is a convenient option. You can simply move in and start living.
• Unfurnished Apartment: Although it requires more initial effort, an unfurnished apartment offers the advantage of tailoring your living space as you see fit.
  

• Depreciation and Maintenance:

• Furnished Apartment: The furniture in a furnished apartment is usually owned by the landlord, and they are responsible for maintaining it. However, it’s important to note that you may have to pay for any damage to the furniture.
• Unfurnished Apartment: You will own and be responsible for your own furniture and appliances. While you have control over quality, any maintenance or replacement costs are on you.

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Conclusion

When deciding between a furnished apartment vs unfurnished, your choice depends largely on your lifestyle, budget, and how long you plan to stay.

If you’ve decided on your preference, SMFG Grihashakti can help you secure the apartment that best fits your needs. We offer home loans of up to 90%* of the property’s value at attractive home loan interest rates and flexible tenures of up to 30 years*. Check your eligibility and apply online today! Feel free to visit your nearest branch for more details.