It’s no secret that the economy is in a state of flux. Prices are rising, and we’re met with a lot of uncertainty about what’s to come. The 3rd Quarter (Q3 of FY22) ended with an inflation rate of 8.2% which is exponentially higher than the 3.2% average (source).
As current leases end and you find yourself moving to find a better rent price, you can save on your living expenses by renting furniture instead of buying it outright. The cost of rent is undoubtedly rising in the current economy but the same shouldn’t be said for your furniture and fixtures.
Here are some reasons why rental furniture is a smart move in an inflationary economy:
- Rent furniture at a fraction of the cost:
Renting furniture is a great way to get furniture at a fraction of the cost. When you buy furniture, you have to pay the full price upfront. However, when you rent furniture, you only have to pay a rental fee which is far less than the full price of the item.
- Rent furniture and avoid paying inflated prices:
When inflation hits, prices on goods and services increase. This is because the cost of living goes up, and businesses have to raise their prices to keep up with the rising costs. When you rent furniture, you don’t have to worry about paying inflated prices.
You can simply return the furniture at the end of your rental period and get new furniture when the prices have gone down. This way, you can avoid paying inflated prices and stay on budget.
- Avoid overhead cost of maintenance and delivery:
Another advantage of rental furniture is that you don’t have to worry about the overhead costs of maintaining and delivering the furniture. When you buy furniture, you have to pay for the cost of delivery and installation whereas rental partners, like Inhabitr, will deliver it to your doorstep and set it up for you.
When you purchase furniture, you are also responsible for the cost of repairs and maintenance. But when you rent furniture, these costs are included in your rental agreement. Another cost saved!
- Enjoy flexible rental terms:
Rental furniture offers you the flexibility to rent furniture for as long as you need it. Whether you need it for a short-term event or a long-term stay, rental furniture can be a great option. You can simply return the furniture when you don’t need it anymore. This means working with your current budget, lease terms, style fluctuations, and housing needs.
- Helps to accumulate savings for contingencies:
There are already numerous monthly costs for housing. Rent, utilities, wifi, and more. Renting furniture helps you better plan your finances and allocate your resources efficiently. The money saved on renting instead of buying furniture can be used to ensure your monthly costs are covered, start a savings fund, or buy those tickets for the trip you’ve been wanting to take. No matter what you do with that money, you’ll see great savings overtime as you rent, or rent to own, instead of buying outright.
Where should I rent furniture from?
If you’re looking for a rental furniture partner, then look no further! Inhabitr is a modern furniture rental company that used AI to resolve the supply chain crisis going on in the country.
If you have recently moved to another city, we can make settling in hassle-free for you. We offer designer-curated furniture sets for all the rooms. Our online portal is user-friendly and we offer great after-sales service.
Inhabitr was named the best furniture rental company two times in a row. So, if you want to earn a better return on your investment (ROI), consider renting furniture from Inhabitr!