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Rent Furniture Or Buy It - Which Is A Better Option?

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rental furnitureAre you confused about whether to rent furniture or buy it? Renting furniture is comparatively simpler and more convenient than buying it. If you don't want to spend money on buying stylish furniture for your new house, hiring a good-quality piece of furniture can be an outstanding option for you.

Why should you rent furniture?

Here are a few cases when it would be wise to rent furniture rather than buy it:

Making a temporary move

If you are making a temporary move, it would be a great idea to rent furniture, rather than to buy it. Buying household goods isn't advisable if you need to move again in a year as you will not know whether this furniture will fit your new home or not. Also, it would be difficult for you to move heavy furniture from your old house to your new apartment, especially if you are making an international relocation.

Buying furniture for short-term use doesn't make any sense from a financial point of view. So, if you are a part of a military family or a student, you can easily rent good quality furniture without making a long-term investment in buying it.

Try a new style

Your choice of furniture might change over time. It is possible that a piece of furniture you like now might not be your preference in the next year. If this is the scenario, then you shouldn't invest in purchasing costly furniture. Alternatively, you should rent furniture and try various styles as and when your preference changes.

Multiple homes

When you have multiple homes, it’s not advisable to purchase costly furniture. Of course, you can invest in buying stylish furniture, if you have one home, where you would be living round the year. But, buying heavy furniture for your summer home isn’t a feasible option, better you avoid it.

If ever you think of selling your summer home, it would be a burden on you to sell your costly furniture at a good price. Hence, we suggest you rent furniture if you aren't sure whether your house is your permanent asset or not.

Selling your house

If you have good quality and stylish furniture in your home, perhaps you will attract the buyer's attention better than showing them an empty house. We recommend you rent suitable furniture and help the buyers look at a furnished house, rather than empty rooms. This will help buyers make their decisions easily.

Lack of time

If you don't have sufficient time to buy furniture, you can temporarily rent a few elegant-looking furniture pieces. Getting high-quality and suitable furniture for your new house might require you to invest a lot of time and effort. We suggest you use the rented furniture till the time you find a good deal.

Not yet ready to purchase

If you aren't ready to invest in buying costly furniture, you can consider renting it. Possibly, this will let you decide which furniture piece is worth keeping for a lifetime, accordingly, you can plan to buy it later.

Rental furniture can also be a good choice as you might want to try it for a while before you buy it completely. You can connect with companies like Feather and subscribe to a piece of furniture that will give you an option to buy it at the end. If you want to check out your interior design ideas, you can easily do so by renting suitable furniture.

Drawbacks of rental furniture

Renting furniture isn’t a cost-effective decision. Here are a few reasons that might force you to give a second thought before renting furniture:

  • The monthly furniture rental is narrow and can multiply very quickly.
  • If you damage any piece of furniture, you would be compelled to pay its whole price.

Tip: If you have a limited budget, you can check out places like Ikea or Target to purchase feasible pieces. Also, you can check Nextdoor and Craigslist and find furniture which people are getting rid of. You may either get it for a very reasonable price or free of cost.

How to rent furniture?

Simply, you need to search for furniture rental websites and choose the furniture you want. Otherwise, you can even consider visiting a retail rental Centre to pick up the furniture of your choice. You can choose each piece of furniture you want based on your unique style. Though it seems cumbersome, many companies will give you the option to categorize the products based on their color, pattern, style, and many more. You can choose different packages to furnish your entire house. For instance, you can select one package for your master bedroom, one for your living room, and one for your dining room. All standard items would be included in the package, still, if you want you can substitute or add other items of your choice.

Usually, you will rent furniture for not less than a month. You may get a better deal if you rent furniture together for 6 months to 1 year. Also, you need to fill in a credit application before you rent your furniture. The furniture rental company will review the form and then contact you to finalize the deal.

Why should you buy furniture?

Buying furniture is a one-time investment that can reap your benefits in the long run. Purchasing furniture can be a good option if you plan to use it for many years.

Benefits of buying furniture

  • Varieties- Unlike rental furniture, buying furniture will give you a variety of options. You can choose between exclusive styles and designs to meet your preference. If you choose to rent furniture, perhaps you will have access to restricted designs, colors, and materials.
  • Ownership- The best part of buying furniture would be that you can own it. If you are the owner of furniture, you can redecorate it or sell it as and when you like. Moreover, you can consider dyeing your furniture, if you want to get creative or even upcycle it.
  • No monthly rent- Buying furniture can be more costly than using rental furniture, but you don’t have to pay rent every month. Of course, you will not want to add another item to your monthly expenses, apart from the bills, rents, or loan payments that you want to complete.
  • No damage fees- Since you are the owner of your furniture, you don’t have to compensate in case of any damage. However, you may incur expenses in repairing the damage.
  • Option to resell- If you don’t need some furniture anymore, you will have the option to resell it and earn money.

Drawbacks of purchasing furniture

  • The initial investment is high- The upfront cost of purchasing furniture is high that mostly deprives people away from buying it. If you don’t have additional money to buy good furniture, you will end up buying poor-quality furniture.
  • Expensive transport- You may find it expensive to transport your furniture, mostly when you are making a long-distance move. You may choose to either donate or sell your furniture, which again would make things complicated for you.
  • Costly replacement- It would be difficult for you to sell your old furniture and replace it with new pieces.
  • Furniture assembly- You may need to assemble your furniture, depending on where you buy it. Also, you need to arrange for its transportation, which can increase your overall cost.

Overall, you need to check your exact needs and requirements and accordingly decide if you want to rent furniture or buy it. We recommend you rent furniture if you are moving temporarily to a new house or buy furniture if it's for a long time.

Staff Writer  Posted by Staff Writer on April 14, 2022

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