Furnishing a Paris apartment for long-term rent can be a rewarding investment and add more rental value to your rental property, as there is a high demand for furnished apartment rentals in Paris. To ensure your apartment is attractive to potential corporate tenants and expats and meets legal requirements, here are some suggestions for owners on how to furnish your rental property.
In France, according to the law, a furnished apartment for rent must include at least the following mandatory furniture and equipment:
Linen (sheets, towels, and dish towels) is not mandatory for standard Paris long-term rentals in France. But it is required in seasonal rentals. PARIS RENTAL highly recommends that owners of long-term furnished apartments provide at least one or more sets of fresh linens for corporate tenants who are used to having access to good linens and amenities during their travels.
Tips for furnishing a rental apartment in Paris
1. Choose quality over a low price
In a competitive rental market like Paris, quality furniture can make your rental property more aesthetically pleasing, which sets your property apart and attractive to more potential high-profile tenants and justifies higher rents.
While quality furniture may have a higher upfront cost, it often lasts longer than cheaper, lower-quality alternatives. Over time, this can result in savings as you won't need to replace items as frequently.
2. Pay attention to storage
Providing ample storage options makes life easier for your tenants. It allows them to keep their belongings orderly, reduces living space clutter, and better maintains the apartment rental. Besides, sufficient storage space can set your property apart in a competitive rental market like Paris. Prospective tenants are likely to favor apartments with well-thought-out storage solutions.
3. Consider neutral style in your furnished rentals
Begin with a neutral color palette for larger furniture pieces and walls. Neutrals such as white, beige, gray, and soft earth tones provide a timeless and versatile backdrop that allows tenants to personalize the space to their taste. You want to ensure that the interior style will please a broad audience; therefore, you don't want to go for something too extravagant.
4. Don't forget your furnished rental's outdoor space
Provide a dining area with a table and chairs if there's enough space. It allows tenants to enjoy meals and gatherings outdoors. Who doesn't like a cute Parisian balcony with lovely plants? A well-arranged outdoor space creates a more inviting atmosphere for the potential tenants during their apartment viewings and has a high chance of making your apartment rental stand out.
How much does it cost to furnish an apartment rental in Paris?
What's the budget for furnishing your studio apartment for rent in Paris?
In short, the global budget for furnishing a studio apartment can vary from €2,500 to €6,700.
Furniture: 1 000 and 2 500 euros
For a studio apartment, you need to spend between 1,000 and 2,500 euros on furniture, depending on the quality and brand of items like a sofa-bed, a table (dining table or desk), chairs, and storage units.
Electrical appliances: 800 to 1,500 euros
For electrical appliances, including at least a refrigerator with a freezer, microwave or oven, and hobs, a studio apartment costs 600 to 1,800 euros. If you want additional appliances such as a coffee machine, a dishwasher, and a washing machine, you'll need to budget an extra 800 to 1,500 euros.
Linens: 400 euros
For linens, a budget of approximately 400 euros is required for one single/double bed.
Crockery and kitchen utensils: 500 euros
For crockery and kitchen utensils for one person, count on 500 € minimum, coffee machine included.
Furnishing a studio apartment can be relatively more difficult due to its small dimensions. Nevertheless, it's also the most affordable rental property to invest in, as it is one of the most coveted Paris apartment rentals. Given the regulation of rent control in Paris, investing in quality furniture is an excellent way to set your property apart to bring additional rental value and justify the rent complements.
How much does it cost to furnish a one-bedroom apartment for rent in Paris?
In summary, the budget for furnishing a two-bedroom apartment can vary from 5,200 to 6,900 euros.
A one-bedroom apartment for rent in Paris is the most sought-after rental accommodation for individual corporate tenants, international students, and young expat couples relocating to Paris. The difference in the budget is due to the extra space to furnish and the expenditure on linen, crockery, and cutlery required for two people or more.
Furniture: 2,000 and 3,500 euros
Regarding furniture, you need to count on between 2,000 and 3,500 euros, with a double bed, nightstands, coffee table, and storage units costing around 1000 euros for a one-bedroom apartment more than a studio.
Electrical equipment: 2,000 euros
In terms of electrical equipment, we recommend you include at least an oven, a microwave, a coffee machine, a kettle, a washing machine, a fridge with a freezer, and a dishwasher in your one-bedroom apartment rental to accommodate the preferences of international clients. Especially the presence of a dishwasher and a quality oven are notable features to make the apartment stand out from other offers. Regarding budget, you must allow around 2,000 euros for appliances in a furnished one-bedroom apartment.
Household linen: 600 euros
For household linen, the budget is around 600 euros.
Crockery and cutlery: 700 euros
A budget of around 700 euros should suffice for crockery and cutlery for a couple.
How much does it cost to furnish a two-bedroom apartment rental in Paris?
A two-room apartment rental in Paris naturally increases the budget. And it will bring your total budget between €7,000 and €7,500.
How do you furnish your apartment inexpensively?
It's possible to furnish your apartment cost-effectively using your ingenuity and creativity. Here are some economical ways to furnish your apartment rental in Paris without breaking the bank:
Prioritize Essentials:
Start with the bare essentials such as a bed, a sofa or seating, a dining table and chairs, and necessary kitchen appliances.
Refurbishing:
Consider refurbishing or upcycling used furniture to give it a fresh look. A fresh coat of paint, new hardware, or reupholstering can make a big difference.
Keep an eye on discounts:
There are two discount seasons each year in France. Winter sales (called White Sale) usually occur in January and February, and summer sales in July and August. Keep an eye on it because the furnishing brand offers a decent discount.
In conclusion, furnishing rental apartments is a multifaceted endeavor that requires careful consideration of both functionality and aesthetics. From choosing the right furniture pieces to creating a cohesive design scheme, every decision is pivotal in attracting tenants and maximizing rental income.
Editor: Siyi CHEN
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