Furniture truly defines your living space, whether at work or at home. These days the concept of renting furniture has caught on. Renting furniture seems to have many advantages over the traditional concept of buying. Having said that, is renting for everyone? Read on to find out more about the pros and cons of buying versus renting furniture.

The pros and cons of buying furniture
The pride of ownership is one of the biggest perks of owning furniture. However, it does not stop there.

Owning furniture has many more benefits.

• It saves you from the hassle of paying monthly rent
• It tends to be cheaper over a long period after calculating the total money spent
• It allows you to earn from the resale
• It removes the risk of paying penalties for damages that you can fix yourself
• It offers greater variety and room to customize your own furniture

However, there is also a downside to buying furniture. The major cons are mentioned below.

• It is an expensive one-time investment that might be unaffordable for most
• You have to take into consideration the expense of transporting the furniture between homes or even from the point of sale to your home
• The difficulty of assembling complicated pieces of furnishing by yourself is an added con

The pros and cons of renting furniture

Th
need for purchasing furniture is now almost overtaken by the exciting opportunity that renting presents. However, is renting for everyone?

Let us take a look at what are some of the pros of renting:

• You can enjoy great versatility and change your interior decor periodically
• You have the ability to update furniture such as changing from an infant’s crib to a young child’s bed as they grow
• You have the liberty to enjoy free or discounted transportation of the furniture
• You save time and effort of shopping by renting easily online
• You can keep updating your furniture according to the latest trends

While the plus points of renting furniture are truly tempting, let us take a look at the downside. Some of the cons are mentioned below:

• Renting tends to be very costly for a long period that stretches more than a year
• Penalties are to be paid for any damages
• Rental contracts can be quite difficult regarding the early return of furniture

Buying versus renting furniture: Who should do it?
When taking a look at the pros and cons of buying versus renting furniture, there is still the question of what works for whom. Overall, rental furniture works best for people who plan to live in a particular location temporarily. For instance, someone living in a city for work or a student pursuing a short course might want to rent furniture rather than be burdened with a purchase that they would need to sell again. Renting is also great if you want to try out a piece of furniture for a few months before buying it.

On the other hand, renting would fall expensive if you plan to live somewhere for many years. In such a case, if you are short on finance, try out budget shopping places such as IKEA for furniture. You can also take a look at Craigslist for purchasing used furniture options.