Buying vs Renting – Which is a better option?
Raghunandan Saraf, Founder, and CEO, of Saraf Furniture, help you decide whether to rent or buy furniture for your home,
So you’ve already made the decision to move into a new space. You’ve chosen the ideal location for your property and finished with all the necessary paperwork. What’s the next step? Doing up your home with beautiful and useful furniture and accessories, right? Mind you, furniture these days can cost a bomb. To counter this problem, you could go with the recent and popular trend of renting furniture.
The world of renting furniture is much simpler now. At affordable pricing packages, you can walk home with furniture pieces that not only look beautiful but are ergonomic and functional. Before you arrive at your decision, here are some of the most important points that could affect your decision in the aforementioned debate:
SPOILT FOR CHOICE
Renting furniture can be disappointing at times. You may not always find the furniture that suits your space, style and budget. This could happen because of the vendor’s limited furniture range. In such cases, you might have to work with furniture that is currently available from the vendor.
But in case, when you decide to purchase furniture, your choices are endless. You can always set a budget for your furniture depending on the look, style and functionality. You could also either pick furniture sets from a particular brand that could be cost-effective or mix and match furniture pieces across different brands to match your style and budget.
IS IT WORTH EVERY PENNY?
While the expense of claiming furniture can be fanned out through EMIs, this can gouge one’s funds, particularly with regard to fittings and installations, which have a short life expectancy. Rather than paying heavy EMIs for furniture that might just go out of fashion in the next few years, simple month-to-month rentals or rentals could be an educated choice, monetarily.
Unlike other investments such as gold and realty, the value of your furniture will depreciate with each passing year. Remember, the day you choose to sell your furniture, you will end up getting nothing more than an insignificant part of the cash you actually spent on buying it.
PLANNING FOR THE FUTURE
In the event that you rent furniture and choose to move, you always have the option to return the furniture that you paid for. You no longer have to go through the hassle of moving your furniture to your new home. This option is only viable if you are moving far away and don’t have any desire to relocate to the same city or country. Mind you, you’ll not have anything to show for all the cash you paid over months towards the furniture you are leasing.
The world of renting furniture is much simpler now. At affordable pricing packages, you can walk home with furniture pieces that not only look beautiful but are ergonomic and functional
And finally, owning your furniture will give you the option of an option moving your furniture to your new residence. From one viewpoint, this implies you will have to pay the packers and movers. However, then again, you will not need to spend more cash buying new furnishings. Assuming you planned well and picked furniture pieces that will stand the test of time and will last you through your several relocations.
Buying and renting furniture, both have their fair share of pros and cons. Depending upon one’s personal choice, you make a conscious decision to pick one.
INPUTS BY: Raghunandan Saraf, Founder, and CEO, Saraf Furniture