FURNISHED RENTALS IN SAÏDIA: IS IT A GOOD OPPORTUNITY FOR PROPERTY OWNERS? Are you the owner of an apartment in Saïdia or another Moroccan seaside resort? Are you hesitating between an unfurnished or a furnished rental? In a constantly evolving real estate market, choosing the right rental strategy can make all the difference. FlashImmo, an […]
FURNISHED RENTALS IN SAÏDIA: IS IT A GOOD OPPORTUNITY FOR PROPERTY OWNERS?
Are you the owner of an apartment in Saïdia or another Moroccan seaside resort? Are you hesitating between an unfurnished or a furnished rental? In a constantly evolving real estate market, choosing the right rental strategy can make all the difference. FlashImmo, an expert in apartment rentals in Morocco, guides you through this decision.
Furnished Rental: Definition and Requirements
Furnished Rental (Long-Term)
Seasonal Rental (Short-Term)
A furnished apartment is a ready-to-live-in home, equipped with everything necessary for the tenant to move in immediately. This typically includes:
Complete bedding.
Storage closets.
Table and chairs.
Basic appliances (refrigerator, stove, microwave).
Dishes and kitchen utensils.
Cleaning equipment.
Offering a furnished apartment for long-term rental is an ideal solution to target students, civil servants, or young couples seeking a ready-to-live-in home.
This type of apartment rental offers more flexibility than an unfurnished lease: it typically lasts for 1 year, is renewable, and has a reduced notice period of 1 month for the tenant.
The seasonal rental of a furnished apartment is in high demand during the summer, particularly by Moroccan families, tourists, and Moroccans residing abroad (MREs) visiting the country.
This type of short-term rental allows you to rent by the week or by the month, with significantly higher rental income than a traditional rental, especially during high season.
ADVANTAGES AND DISADVANTAGES OF FURNISHED RENTALS
ADVANTAGES OF FURNISHED RENTALS
Higher Profitability:
Rents for a furnished apartment are, on average, 20 to 30% higher than those for an equivalent unfurnished property. In the summer, demand soars in Saïdia, which allows for the generation of significant rental income over short periods.
Management Flexibility:
The lease is shorter, the security deposit can be up to two months, and you can reclaim the property more easily (to sell it or live in it). This flexibility is valuable, especially for real estate developers or investors who wish to maintain control.
Enhanced Attractiveness:
A well-located and well-presented furnished apartment attracts more demand, especially in Saïdia between June and September, a period when furnished apartment rentals are highly sought after by MREs and vacationers. By listing it on FlashImmo, with great photos and an optimized ad, you maximize its visibility and profitability.
DISADVANTAGES OF FURNISHED RENTALS:
Maintenance and Replacement of Furniture:
The furniture wears out quickly with short-term rentals. A regular maintenance budget must be planned for.
Risk of Rental Vacancy:
During the off-season (fall/winter), some apartments can remain vacant for several weeks. It is therefore essential to adjust your offer or to target long-term clientele between two summers.
CONCLUSION :
For owners of apartments in Saïdia or other Moroccan seaside resorts, furnished rentals offer significant advantages, particularly higher profitability with rents 20 to 30% higher than for an unfurnished property. The strong summer demand in Saïdia allows for the generation of substantial rental income over short periods. Furthermore, the management flexibility offered by shorter leases and a security deposit of up to two months allows owners to reclaim their property more easily, which is beneficial for developers or investors who wish to maintain control. The enhanced attractiveness of a furnished apartment, especially if it is well-located and presented, attracts more demand, particularly during the high summer season from June to September.
However, furnished rentals also have disadvantages. Regular maintenance and replacement of furniture are necessary due to rapid wear and tear, especially with short-term rentals. There is also a risk of rental vacancy during the off-season (fall/winter) where some apartments may remain unoccupied for several weeks. To address this problem, it is essential to adjust the offer or to target long-term clientele between two summers.
In conclusion, although furnished rentals in Saïdia offer high income potential and valuable flexibility, owners must be prepared to manage furniture maintenance and adapt to periods of low demand to maximize the profitability of their investment.
