The Pros and Cons of Renting Furniture
Several rental centers with furniture lure apartment dwellers every year, with claims of many benefits to hiring furniture instead of purchasing it outright. Many retailers are effective in persuading customers to buy into rent-to-own offers, which are often a fraud, to add insult to the injury. With so many inexpensive furniture choices like searching out the streets around student apartments on the last day of school for garbage that can become your gem, it’s almost hard not to locate the furniture you can afford. Here is an overview of the pros and cons of renting furniture before making a decision.
Pros
- If you are staying in an apartment only for a year or two, there is no need to make a long term investment in furniture. Renting furniture can be a really good option instead. Depending on the lease period, it can be cost-effective.
- If you are moving out, or your rental agreement has expired, or when you are getting new furniture, chances are, that in most cases, the rental centers or agencies will come over to pick up the furniture themselves, saving you the time and the effort of having to return them yourself.
- If you need to make your apartment or house look nice to impress people during professional meetings held at your place, it can be done so by renting out some really attractive pieces of furniture. It can spruce up the place and give it a fresh and professional look.
- If you are looking to sell your house and you need to impress potential buyers at Open Houses and online pictures, it might be necessary to rent out some furniture to make the house look attractive and beautiful to entice potential buyers into considering buying the house.
Cons
- The main idea or aim of renting furniture is partly to capitalize on its cost-effective nature as opposed to buying furniture for a high price. However, if you damage it, you will end up paying for the full price of the product along with the fact that the rental center will take it back. Thus, it is of utmost importance to exercise due care to ensure it does not get damaged.
- Harping on cost-effectiveness, it might be that you would have to incur additional expenses such as insurance, that end up making renting furniture slightly more expensive than perceived.
- The rental agreements drawn up can be complicated. You may not be at liberty to terminate a contract before the rental agreement has expired if you have decided that you want to try other designs of furniture. It is imperative that you read the contract thoroughly to understand the implications of what you are getting into.
- More often than not, rental centers charge high rates of interest on the furniture they offer. Upon making a cost-benefit analysis, you might even notice that buying furniture can become a much more cost-effective option vs renting. Of course, this is specific to the contract and your credit score.