If you are looking for a new place to live in the city of Toronto, you may be comparing furnished versus unfurnished apartments. One of the first things you will notice when making this comparison is that the monthly rental fees for furnished apartments are considerably higher than for unfurnished units. This makes sense because you are renting the apartment unit as well as the furniture. While you may initially think that renting a furnished apartment would cost more money overall, the reality is that this type of unit can actually save you money in different ways.
Many people who are thinking about renting furnished units have a primary residence. For example, you may be relocating to downtown Toronto temporarily to work on a business project, but you may plan to move back to your hometown within a few months. Some people have recently relocated from overseas, and others may be just starting out. For example, you may have recently gotten divorced and not have many belongings. If you are in the position of not having anything to move into your apartment, you may not be responsible for moving expenses. On the other hand, if you have a house full of items back home, consider the cost of relocating all of those items to your new apartment in Toronto. If you plan to be in town for a short period of time, consider the cost of relocating those items back home again as well. Moving expenses can be exorbitant, and saving money in this area may more than make up for the difference in cost between furnished and unfurnished apartments.
Outfitting Your Space
Whether you are starting from scratch, relocating from overseas or have other goals, you may not have much to bring with you. If this is the case, you may be wondering if you should simply lease an unfurnished apartment and outfit the space with new furnishings. Before you do this, consider how long you plan to be in the space and what your current budget is. If you will not be able to afford new items for a few months, living bare bones without the comforts of furnishings can be challenging. Likewise, if you plan to move within a few months, buying furniture for such a short period of time is not ideal.
Furnished apartments are not suited for every situation, but there are key instances when they can be the most cost-effective and convenient solution available. Everything from your current belongings to your funds available for moving versus buying new items should be carefully considered as you decide whether to rent a furnished or unfurnished apartment In the city of Toronto.