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Is It Better To Rent Furniture Than To Buy It?

Is It Better To Rent Furniture Than To Buy It?

Is It Better To Rent Furniture Than To Buy It?

Ever hesitated to invest in a plush sofa for your living room or a six-seater dining table because you were worried about relocating in the future? In such a scenario, most people compromise by investing in some furniture that is inexpensive and sub-par. Thankfully, you don't have to settle for something sub-par even if your job involves moving to different places over a period of time. With the option to rent furniture, you can browse through a collection of carefully curated options while having the convenience of renting at your fingertips.

 

The target audience

In an ever-expanding city like Bengaluru, there is an emerging trend of people relocating to different places with the prospect of a better home and lifestyle. “Moving one’s residence often pinches the pocket and also decreases the life of the furniture. Owing to this, the furniture leasing market is a fast-growing one. Not just for people who are on the go and shift to a different city, leasing of furniture is also a great choice if you wish to change the décor of your home periodically,” says Geetansh Bamania, founder, RentoMojo.

 

Monetary aspects of renting furniture, as opposed to buying

From a cost-benefit perspective, renting furniture is a more financially viable option, especially for millennials, who are usually trend-conscious, aspirational, and always on the move. It has to be highlighted that these millennials look for value for money while fulfilling these aspirations and hence, prefer renting rather than hoarding things. There is a definite shift of mindset, where people do not want to invest in long-term assets that will eventually depreciate over time. Owning a piece of furniture, either requires parting with a large capital in the beginning or shelling out a monthly EMI. This compels the buyer to use the furniture for a longer period.

On the other hand, you can get your favorite furniture on rent at a fraction of the monthly EMI for owning the furniture. Moreover, selling your furniture at the time of relocation can be quite a task, especially if you have to move out urgently and end up having to resort to a distress sale. When it comes to renting, most platforms now offer free relocation or easy return on delivery for the rented product.

 

Housing.com has partnered with expert service providers, to provide best-in-class furniture on rent to our users. Check out our furniture on rent section, for renting premium furniture at affordable prices and avail of attractive offers.

 

Should you rent individual furniture pieces or a whole set?

Who doesn't love a home that's stylish, functional, and doesn't burn a hole in your wallet? Thanks to rental brands like RentoMojo, you can now rent an entire package for your home that's tailored to your lifestyle. These rental packages are cheaper than buying each individual piece altogether. The advantage of renting gives the user the freedom to choose the furniture according to one's requirements. So, if one needs a dining table to match an existing sofa, one can simply opt for the table itself.

 

Last Updated: Thu Oct 08 2020

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