Owning something of your own always brings its own comfort and security, but sometimes that is just not the most practical option. In this day and age, when people are moving from one place to another quite frequently for work or other purposes, renting furniture seems to make more sense in multiple scenarios. In this article, we detail the pros and cons of buying vs. renting furniture so it is easy for you to understand how to proceed.

Renting furniture
Renting is when you take furniture on a monthly rental basis instead of buying it by paying a one-time fee. You can keep paying the rent and use the furniture in your home for a specific duration.

Pros of renting furniture

• The principal advantage of renting furniture is that you don’t need to spend a huge sum of money on furniture. This allows you to save for unplanned expenses and is helpful if you have budget constraints.
• The rental costs will be lesser than the purchase costs.
• You have the freedom to change furniture at any time. You can ask the rental agency to replace the furniture if you don’t like the design or want a larger model or of different types. This makes using furniture very convenient.
• When you buy furniture, you need to put in a lot of effort in shortlisting furniture and then finally deciding which one to buy. In renting, you can save that time since you are not owning the furniture.
• It is an easy option when you move residence. The rental agency will take care of transporting the furniture and you can even change the furniture if you so desire.
• If you have budget constraints, you can start by renting low-cost furniture or only a few pieces of furniture. As you start making money, you can increase the quality and number of furniture pieces you have or even stop using something you have no need for anymore.
• If you make any changes in your home, you can change the overall interior décor easily by replacing the furniture with one that matches your new interiors. This is not possible if you purchase furniture.

Cons of renting furniture

• The furniture is not yours and if you damage it, you have to pay a penalty. You need to take extra care of the furniture to prevent additional costs.
• If you are going to keep the furniture for a long time, then renting would not be advantageous, buying would be better.
• There would be other charges/fees along with the rental charges. You may need to pay for insurance to cover damage to the furniture.
• If you have a poor credit score, you may end up paying a higher rental.
• If you don’t make the monthly payments, the agency will take away the furniture, creating the possibility of an embarrassing situation.
• You won’t get as many models/options when you rent furniture and have to take what is offered.