Hi, brand new to hosting here! We need to furnish our 1-bedroom/1 bath 891 sq ft fully finished basement entirely (bed, mattress, couch, dining table, decorations, etc.) & get supplies for it (cleaning supplies, towels, linens, pillows, soap, etc). It has a full sized kitchen that already has appliances (fridge, oven) but needs to be stocked (silverware, pots/pans, etc).  

What’s the total amount you ended up spending to fully furnish and stock your Airbnb with necessary supplies initially? 
(Not including rent/mortgage/ security deposit!)


I’ve heard in general you should aim for a budget of about 3-4k for a studio/1-bedroom for all the supplies above combined. & that for each bedroom you add about 2k to the budget. Does that sound about right? What did you end up spending when all was said & done? 

I just need a roundabout budget to aim for, otherwise I’ll end up overspending. We are looking at buying furniture now & I’m trying to get a handle on overall budget to estimate my furniture budget. I know it will also vary depending on preference/style, available cash, area, but I just want to know if I’m way off or in the ballpark. For reference, my place is in a trendy area in Portland, OR.

21 Replies

Re: Budget for all start up costs?

in
Gros Islet, Saint Lucia
Level 10

@Kristine229,

I would say that 90% of the items that were purchased were bought on clearance, at an outlet, eBay, Craigslist, or repurposed from existing furnishings.  I did buy some new things, and they came from Costco.  I upgraded the furnishing after the first year when I had a better idea of the type of accommodations that we should provide.  Fortunately, we were able to sell the year-old furnishings we had at a profit.  Again, the next round of furnishings were bought on clearance or at an outlet.  I purchased items over a period of time, and stored them in the basement of my Atlanta home until I was ready to send a shipment to St. Lucia.  For convenience, I purchased 13" hybrid bed-in-a-boxes, and my guests always given complements on the mattresses.  Most of our mattresses are the Linenspa brand.  I take new pictures every time we do a renovation that will impact the guest's experience during their stay with us.  For example, I changed the interior paint color and hung some wall art in our Atlanta apartment.  Those changes don't affect the functionality of the space, but we took new pictures, because it does impact a guest's aesthetic senses.  I have seen some fantastic photos of places, but we chose not to invest in professional photography, because personally it doesn't sway our decision one way or another when we are travelers looking on Airbnb for a play to stay.

Re: Budget for all start up costs?

in
Gros Islet, Saint Lucia
Level 10

@Kristine229,

We spent about $7.5K on our Atlanta apartment, and our initial was primarily on function and comfort.  Our spending included paint, soundproofing glue, drywall, light fixtures, furniture for a 2 bed/1 bath, patio furniture, 55" TV, kitchen and laundry appliances, kitchenware for cooking and dining, kitchen island and carts, bathroom double sink vanity and mirrors, linens and towels, curtains and rods, area rugs, and all tilling materials. We purchased most of the furnishings from Amazon, Warehouse Deals, Wayfair, Wayfair Outlet and Ikea.  We painted many of the wood furniture pieces and repurposed some things we already.  Wall decor was added over time.

Re: Budget for all start up costs?

in
Portland, OR
Level 2

Thank you for posting with your numbers and the details of what went into that budget! It really helps me understand some of the differences in budget prices people are saying. Because things like drywall, tile and bathroom sinks definitely add up. 

Re: Budget for all start up costs?

in
Portland, OR
Level 2

Oops forgot to tag you below @Debra300 

Re: Budget for all start up costs?

in
Auckland, New Zealand
Level 10

@Kristine229welcome to ABB CC

 

Have you considered making things like curtains or soft furnishings like cushions yourself?

Maybe it's a good project to get your self into, if you have time and creative talents.

 

Paint test pots are useful if you are doing painting, maybe test them in a creative manner on canvas and use it as Artworks!

 

@Huma0  in the UK did much of her own decorating herself, have a look at her listing and posts here in CC.

 

It really also depends on what style/ theme you wish to pursue.

Do you have any ideas what you may like?

 

As others have suggested, thrift and charity shops are a Gold mine for all manner of items.

Often they are in excellent condition and at the same time you are helping places like Red Cross,  Hospice, Salvation Army, SPCA, City Homeless and others.

 

All the best from across the lands and oceans in Auckland, New Zealand

Re: Budget for all start up costs?

in
Arkansas, United States
Level 10

@Kristine229 

 

We were at an estate auction this weekend and that is how we furnished and improve our rental property.

 

You don’t have to spend much money.

 

Charbroil BBQ grill and two full propane tanks: $70.

 

Outdoor tile table plus canopy and 4 comfortable chairs: $130.

 

Leather couch and loveseat in good condition: $260.

 

Handmade quilts: $20 each.

 

 The list is endless, but you and your partner can have fun and furnish your rental economically at the same time.

 

 I only have to convince Dora to stop bidding against me…

Re: Budget for all start up costs?

in
Corning, NY
Level 8

I have basically furnished our 3-bedroom, 2-bath AirBnb home from what we had, from Facebook Marketplace (a godsend),  all new bedding and towels and seemingly endless packages from Amazon, Home Goods, small appliances from WalMart, and was gifted some dishes by a friend. Artwork is what we had: some paintings are from our adult children. Definitely unique and homey, even if not high-art.  Not everything is the perfect colors I might have wanted, but it is sturdy and comfy. I am still adding more rugs, since we have all hardwood and hard surfaces for floors.  

Edited to add: Our biggest expenditure was for brand-new composite Adirondack chairs for our fire-pit area. These have a lifetime warranty, look like wood. Definitely worth the cost for our setting. Cost: $900 for 6 chairs, and that was a substantial sale on the normal price. 

Soon, I will figure out an on-going budget for upgrading; I can see that being a never-ending process for me. I also enjoy refinishing wood furniture, and have several projects (end tables and such) waiting for me. 

In this photo, we have a quilt made by my sister-in-law, end table handed down by family, and a headboard made by me from the ends of our children's baby crib. Also in the room is a small desk-table I refinished, and an old wooden desk chair I got on Marketplace. 

What I am still needing, and has been difficult to find on  FB Marketplace, are appropriate lighting options, particularly floor lamps. Few and far-between in my area, so I will probably need to buy new. Any favorite sources for lamps? 

20210911 Corner Bedroom Best Angle.jpg

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