As a renter, you might consider renting or buying furniture. This is because an apartment is a temporary circumstance and you would rather not spend on costly furniture only to engage the services of a moving company or rent a truck to shift it later.
Nevertheless, various drawbacks exist, which you must consider. Here’s a look at both options.
Renting Furniture
This option is ideal in these situations:
You are an intern or college student
College life tends to have challenges, especially financial. Furthermore, college life implies that you must maintain a steady budget and good grades. Therefore, purchasing furniture isn’t ideal. However, renting furniture is acceptable and affordable.
Whether you reside in an off-campus apartment or dorm on campus, rental furniture can save you money. Companies offering rental furniture typically provide a student package that is affordable and incorporates all the basics, for instance living room and bedroom furniture.
Cash savings
A major benefit of renting furniture is the instant cash benefit. As a renter, you can hold onto money longer since you’ll make small payments over time instead of making a large one-time payment for purchase.
As a result, this benefit enables flexibility in terms of cost budgeting. Furthermore, you can subtract or add furniture easily and affordably.
Temporary living circumstance
Whether you’re waiting for the construction or renovation of your home or you’re merely in town for a few months for business purposes, rental furniture can save you the stress of handling a moving truck.
You’ll also discover that companies offering rental furniture deliver and set up the furniture, so you don’t need to worry about this during the transition.
Personalized and Convenient
Rental furniture allows you to personalize your space by selecting your furniture by the piece or room. Furniture companies often have trained professionals who will choose furniture to match your budget and needs.
Home Staging
This is the process whereby homes or apartments undergo temporary de-clutter, re-organization, and interior face-lift for re-sale purposes. Staging your apartment when you’re trying to sell it is very important, and if you’ve already shifted into a new location, chances are you’ve taken your furniture.
With rental furniture, you can stage your apartment with clean, contemporary furniture that will give prospective buyers an opportunity to see what your apartment has to offer.
Disadvantages
Lack of Uniqueness
Rental furniture is typically neutral, frequently blandly contemporary, and it isn’t a great way of finding great furniture to give your apartment a stunning look. This is because most of the time you won’t find the furniture you’re seeking from rental companies.
Limited Choices
You can’t find everything you prefer in rental furniture because your options are limited. You might find that the rental company lacks modern furniture to match your modern space. Consequently, you’ll have no choice but to rent furniture that doesn’t match the style of the apartment you’ll be staging.
Liability
Rental furniture leaves you with the responsibility of maintaining the furniture in the state in which you received it. Therefore, if you spill something accidentally, you’re responsible for having it cleaned professionally. You’re also responsible for repairing or replacing tears and breakage in fabrics.
Buying Furniture
More Freedom
The benefit of buying furniture is that you have freedom concerning decorations because you can choose your preferred furniture. Furthermore, you can decorate the apartment in any styles or colors you see fit.
No liability
When you purchase furniture, you’re not responsible for any damage that occurs to the furniture while you reside in your apartment.
Disadvantages
Convenience and Service
When it comes to purchasing furniture, delivery can take up to six weeks or longer. Furthermore, you’re responsible for moving the furniture in the event that you relocate.
Cash flow
You’ll need a considerable down payment if you take this approach. Consequently, this reduces cash availability.
Maintenance
As a renter who buys furniture, you’re responsible for repairs.
Moving
Shifting out of an apartment when you have your furniture is frequently more difficult because you have to move all the furniture out of the apartment.
Final Thoughts
Whether you choose to rent or buy furniture is dependent on your preference and situation. Nevertheless, it’s important you consider various factors when making this decision to avoid future regrets.
For more information on renting or buying furniture, contact us at Apartment Agents or leave a comment.