Renting vs Buying Furniture: Explained!

We live in an environment that is always changing drastically. If you look around, everyone is trying to keep up with the times and follow current trends. Renting furniture is one of the most recent trends among millennials, and similar to having OTT platform subscriptions, millennials have found the idea of renting furniture to be considerably more appealing than owning it.

Investing in things has developed over time in terms of cognitive processes. The concept of investing a large sum of money in something that will likely weigh them down for years does not appeal to the new generation.

Until it was only limited to high-value items such as an apartment or a house, wedding jewelry, a car, and so on, renting felt like a normal and ordinary alternative.

Who would have anticipated that household appliances and furnishings would be available for rent on such a huge scale just a few years ago?

Most of them will also help you with moving your furniture when you transfer cities, but some may charge a fee. Then there are other services like a 15-day-to one-month free trial period, annual thorough cleaning, and damage insurance.

Few individuals were aware of the concept of furniture and household appliance rentals just a few years ago. Things have changed, thanks to the efforts of young professionals.

 

Reasons to rent furniture rather than buying them:

  • Affordable:

The major reason young professionals in cities like Mumbai, Pune, and Bangalore prefer to rent rather than buy is that renting is more economical.

Consider students who are continuing their education while residing outside of their hometowns. We’ve all experienced being a student. They are always on a tight budget and have to fend for themselves.

Purchasing house furnishings or appliances when they just plan to stay for a year or two appears to be a waste of money. It’s a substantial quantity of money, and they’ll either have to sell it at a loss or return home, which isn’t an option.

Renting is an excellent choice for people staying in prime cities like Mumbai, Pune, and Bangalore, to obtain the things they require for as long as they require it. Not only that, but if they’re living together, they can split the monthly subscription fee as well.

If you happen to workstation at home, you can take the assistance of UrbanFry, they offer their customers promotional offers that help their customers feel rent their products real quick and easy.

  • Freedom with flexibility:

There is more flexibility while renting. How?

If you buy a home appliance or furniture, though, you will be trapped with it for a long time, perhaps 10 or 15 years.

Another drawback of buying furniture is that it involves a significant financial investment, which binds and prohibits you from changing it as often as you would like. This is why young professionals choose to rent rather than buy.

They adjust to change more regularly since it adds variety to their life, and renting allows them to do so. They won’t have to lug their old furnishings with them when they relocate. They will be able to rent the new models when they return.

Who wouldn’t want to upgrade to a new model of contemporary, chic furniture or equipment with updated features?

Renting allows you to move on to other things without having to worry about the old ones holding you down. There’s also no remorse for selling things at a loss.

Do you want to improve your situation?

Simply return them and place a new order. UrbanFry, for example, provides this update for free. There are no hidden fees.

  • Relocate to a new place with ease:

There are numerous considerations to be made before relocating to a new location.

You have the option of hiring professional packers and movers or doing it yourself.

The higher the cost, the farther away from the location and the heavier the items are. Or you can sell everything, which is a major pain since you’ll have to locate the appropriate purchasers, which is difficult, and you’ll have to sell at a loss. This also means you’ll have to invest in new appliances and furniture all over again, which can drain your bank account.

Why put yourself in all that trouble when you can get around with ease?

Young professionals, placed in Mumbai, Pune, and Bangalore are astute in this regard. They have the upper hand because they rent their furniture. You can move about with ease if you rent.

It’s possible that the house you’ll be moving into will not be your permanent residence. As a result, if you rent furniture, you will be able to receive not only high-quality furniture but also furniture that does not require a long-term commitment.

All you have to do when you have to move out is return the furniture items and not take them with you wherever you go. The main benefit is that you won’t need to engage movers or packers if you want to keep the same things in your new home.

Renting furniture and home equipment has become a significant trend among young professionals, and for good reason. It is less expensive, more practical, efficient, and effective.

You also won’t have to waste time going from store to store seeking things. Everything is accessible via the internet.

All you have to do now is go to the UrbanFry website, compare, and place your order. Furthermore, the paperwork process takes only a few minutes and does not require you to leave your home.

  • Furniture on Rent – A growing trend among young professionals:

People no longer choose to work for the same company for a long period and then settle down in a single city or suburb, in a single house.

For the sake of their careers, people are increasingly on the move. Renting rather than buying a house and furniture makes more sense for many millennials, who relocate every few years or even months in some situations.

Lifestyle subscription is a new way of life in today’s world.

  • Opportunity to try out new styles:

Your furniture preferences will evolve. Renting furniture makes sense if you don’t want to commit to an expensive piece that you might not like next year. You can check out various styles from UrbanFry whenever you want before making a financial commitment to a big-ticket item if you apply for furniture rental rather than buying furniture.

  • Reluctant to buy furniture:

Furniture is a long-term commitment. If you are reluctant to buy, renting furniture provides you with the freedom to choose whatever items you want to keep in your house for the rest of your life.

  • If you’re moving abroad:

Are you relocating to a new country? UrbanFry, a renting company, advocates renting a furnished home rather than transporting all of your household furniture and things overseas.

This will save you time and effort in planning and managing a protracted international relocation. It might not be worth the extra money to ship things via sea freight or air freight if the transfer isn’t long-term.

  • Maintenance Costs:

Another reason you might be hesitant to buy furniture is that it will require care over time since it will develop wear and tear issues that will cost you both time and money. In such circumstances, renting appears to be a viable option.

Renting furniture isn’t the only thing on your to-do list when it comes to moving. Fortunately, UrbanFry can help you in keeping your moving logistics in order. Check out their move planner tool for a personalized moving checklist, personal tasks list, email reminders, and coupons.

Conclusion:

To wrap up, buying or renting furniture is up to your considerations. However, if your giving a second thought about renting your furniture, then do consider the above mentioned aspects.

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