Should You Buy a Fully Furnished House?

What are the advantages of buying a fully furnished house?

In a world where we’re looking to buy all things ready to go, and people have less and less time to spare, it’s no wonder that some homebuyers think about picking a fully-furnished house for them. They’d be saving the time to equip it, and all they’d have to do is pack their suitcases and move in. Is that all there is to it? Today, we’ll be exploring the pros and cons of buying fully-furnished houses and all you need to know about them so you can make the best decision according to your needs.

What does a fully-furnished house include?

One of the first things you might wonder is what can you actually expect when you buy a fully-furnished house? Are you going to need to buy anything else before you move in? Well, depending on the degree to which a property is furnished, houses can be classified as bare, unfurnished, semi-furnished and fully-furnished.

Fully-furnished houses will have everything you need to live there. Although there is no legal definition of what they must have, the following items are normally found inside:

• Air-conditioning units.
• Water heater for bathrooms.
• All appliances in the kitchen (ref, microwave, stove, range hood).
• Beds with complete set of sheets and comforter.
• Curtains for all windows.
• Cooking utensils, cutlery, glassware, pots and pans.
• TV.
• Wardrobe, dining set, couch & chairs.

The pros

As we said before, choosing a fully-furnished house can save you a lot of time. If you need to move in immediately or your job doesn’t spare you the time to go browsing furnish galleries, purchasing this type of property could be perfect for you. Not only that, but it can also help you save thousands of dollars on brand new furnishing and appliances. Pay a little more, save a lot.

One of the biggest perks is that you’d save yourself days of packing and unpacking to move new furniture from one location to another. You could also have the alternative to select which things to keep and which objects you don’t want to purchase with the house. Don’t be shy to ask!

The cons

Buying a house will probably be one of the greatest investments you’ll make in life and chances are you’ll want everything to be just like you wanted it. Renting a fully-furnished house or apartment is alright, as you probably won’t stay there forever. When it comes to buying a house though, this could present a problem. If you have a very specific taste in decoration, you might never be comfortable enough with someone else’s style.

On the other hand, you might not know the furniture well enough to be sure whether it’s worth the money you’d be paying for it or not. Besides, there will be more details to cover in the purchase process, and you might even need an extra loan just for the furniture. You will also need to put a larger down payment, and the negotiations can be tricky since both parties will have to agree on the price of the furniture.

If you do decide to purchase a fully-furnished house, make sure that you have it inspected very carefully, so you don’t end up with any unpleasant surprises when you move in. At Intercorp Mortgage Solutions, we think every circumstance is different, and every case requires a closer inspection to determine the best solutions for our clients. Give us a call and let’s work together!

Source: Intercorp Mortgage Solutions

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