Pros and Cons of Renting Furniture
Aug 5, 2022
Renting furniture offers an affordable option to furnish your house. The trend is gaining popularity for people living in apartments due to flexibility. Whether you're trying to avoid the costs of moving your furniture or don't want to spend on new furniture, several circumstances can influence your furniture needs. Understanding some pros and cons of furniture rental can help you determine if it's a worthwhile move.
Unlike buying new furniture and accessories, renting comes with a low initial investment. Most people may not have the financial muscle to buy high-end furniture in a lump sum. And the quality and lifespan of some store-bought pieces may be worth the price. Renting your furniture offers the opportunity to furnish your apartment with minimal upfront costs. This means you can get high-end pieces that could otherwise be too expensive to buy out of pocket. You can find furniture options to furnish your house regardless of your budget.
Recent studies show that 45% of people consider moving among the most stressful undertakings. Specifically, moving your furniture can be a huge pain point, especially when moving across states. Minimizing your load can give you peace of mind, plus you can make prior arrangements with a furniture rental company.
Avoid Unnecessary Shopping Hassles
Besides the heightened financial stress, shopping for all your furniture pieces and accessories can consume a lot of time. But renting furniture for an apartment eliminates shopping hassles since you can choose all the items from one provider, giving you a quick and stress-free shopping experience.
Most importantly, most companies will deliver the inventory to your address at your convenience. After the rental lease lapses, the company will collect the items, meaning you don’t have to worry about selling or disposing of any piece you no longer want.
Change Style Any Time
Furniture needs are seldom static and can change with time. Maybe you no longer want your current furniture pieces and don't have enough funds to upgrade. Renting furniture pieces for various spaces like the bedroom, living room, and dining room makes it possible to quickly upgrade your furnishings to something new without unnecessary hassles. Most companies allow you to upgrade certain pieces according to the lease terms to help you add new furniture for a home makeover.
Whether you are on a brief work assignment or waiting for a contractor to finish renovating your home, various situations can influence your furniture needs. Depending on your situation, you can rent essential pieces like couches, TV stands, and beds. If you need additional pieces, the furniture rental company can provide what you need.
High long-term Costs
While renting furniture means paying a fraction of what you'd spend when buying; the monthly payments can quickly add up by the end of your lease term. By the time your rental contract ends, you will likely discover you paid more for the pieces than the actual market price. Of course, this applies if you stay with the furniture pieces for a long time.
Some furniture rental companies often charge miscellaneous fees unrelated to direct rental costs. For example, insurance costs on furniture pieces can bloat the overall monthly payments. Spills, scratches, stains, and other furniture damages can attract additional fees. The costs can be prohibitive, especially when you have pets and small kids in your home.
Limited Options for Contemporary Home Designs
Some furniture leasing companies maintain a neutral inventory, making it challenging to find the perfect pieces that match your vision for an amazing look. While this strategy is excellent for the companies, it means you have limited options to furnish your home.
For instance, getting custom pieces for your contemporary house can be tricky since most rental furniture options are ready-made. Similarly, if you've just completed a home makeover to upgrade your style, you might have to look at different companies to find furniture that matches your style.
Depending on your needs and current circumstances, renting furniture can be a great idea. However, weighing the advantages and disadvantages is essential before determining if it fits your situation.