number of years break even point for unfurnished vs furnished apt?

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Got a job offer in Germany and doing our diligence before getting on a plane. We're a family of 4, soon to be 5 (married couple + kid + cat + kid on the way) looking for a 2 bedroom place about 30 mins from Sendling.

 

It looks like furnished places are around 1800E/month (All-in).

 

We're only planning on being in Munich for 2 years, 3 years at the most.

 

It feels like we'd save 200-300E a month going unfinished but then we'd be on the hook for other furnishings that we'd have to get rid of at the end of our stay. And it seems like we'd also be responsible for getting a kitchen put together or at minimum having to get rid of one at the end of our stay.

 

Seems like a 4-5 year stay would be the break even point of furnished vs unfurnished. Just want to get opinions on that.

 

Thanks.

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I think this depends on what you include and what you consider important.  For example if you include moving costs, both ways, then this can make a difference.  

 

Of course if you find somewhere unfurnished then you can also buy the furniture you like and which suit your needs.  Im my experience furnished places often have basic furniture and not a lot of it.   So even if you do get a furnished place then you still might need to buy some things to make your life easier and more practical, especially if you have kids!

 

Then you also have to consider that there are less furnished places around, so trying  to find a suitable place in the right area will be more difficult.  On the plus side there will be less people looking for such places, but on the negative side a lot of those who are will be doing so because of business/work commitments and this means a lot of those will be paid for by the company.  Landlords might prefer this, as it offers them a bit more security and a chance of a longer lease (even if the person leaves in 6 months the company might keep the lease and use it for somebody else).

 

So you need to consider not only the costs, but what the benefits or disadvantages are for you.  Only you can put a "price" on that.

 

 

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On the surface, this is a pretty simple math problem.  The price of all your furnishings, divided by the monthly cost savings gives you the amount of time needed to break even.  And honestly, that's a good place to start.  Check out Ikea and start building a shopping cart to see the costs. 

 

Now the not so simple part.  You've got to get that furniture home.  You've got to assemble it all.  You've got the value of new furniture as opposed to used that someone else has done God knows what on.  There's the time factor to buy it all, and all of this assumes one stop shopping (like Ikea).

 

Another thing to keep in mind is the recouped costs of selling it all when you leave.  You probably don't want to ship it all (or any of it) home, so you'll sell it.  Try to get a feeling on how much of that cost you'll get back and subtract that from the total cost.

 

Good luck.

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You could also get usually very cheap (as in value for money) second hand furniture (e. g. via ebay or at charity shops which got it donated and are selling to cash in on it).

 

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The most expensive is kitchen, because you have to pay for installation (or do it yourself) The cheapest are from IKEA. With fridge, oven and stove you should fit in 600 eur provided you install it by your own: https://www.ikea.com/de/de/catalog/products/S49180467/ Cheap IKEA models are quite weak, but should survive rather well 3 years. As for other furnitures IKEA is the cheapest or 2nd hand. There are 2nd hand shops in the city which offer delivery for extra fee. As written above furnished is less stress. I don't think it's cheaper.

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