Renting vs. Purchasing Furniture

Should you rent or purchase furniture?

Renting vs. Purchasing Furniture

Moving into your first apartment can be scary. Similarly, if you are moving into an apartment or city for a short period, lugging all your items might be daunting. Unfortunately, most apartment complexes, especially smaller property rental companies, don’t offer furnished apartments. If this is the case, you are now left in a situation where you need to decide if you want to rent or purchase furniture for your new home.

When finding an apartment, it is expected that there will be a short turnaround between the time you sign the lease and the time you move in. The short turnover time can make it hard to find the perfect furniture for your space. Therefore, it is essential to keep in mind the actual size of your apartment and furniture items you think will be essential for your home. 

While renting furniture can be expensive, sometimes it is the right decision. When renting furniture, it is vital to remember that you might incur additional fees, such as delivery fees, service charges, interest fees, and rental fees. Likewise, many rental companies have a minimum dollar amount that you must spend to rent with them. Therefore, when renting, you should expect to be charged monthly for your furniture and additional fees. In the end, the total could end up being more than the cost of purchasing new furniture. 

When renting, we suggest creating a budget and firmly sticking to it, or else you risk spending much more than you probably initially anticipated. We strongly recommend renting if you stay in your apartment for a short period, but it is better to purchase your furniture if you plan to stay for a while. 

Along with cost, cleaning is a significant factor in the rental process. If you spill something on your furniture, it is not that big of a deal. However, it is essential to keep your rental furniture in perfect condition, if not better than how you received it. Any rental furniture you damage or ruin, you will be expected to pay to have it cleaned or fixed. 

Rental furniture stores we recommend in Pittsburgh: CORT
Furniture stores we recommend in Pittsburgh: West Elm, Arhaus, Pittsburgh Furniture Company, PerLora Furniture, Penhollows

Walnut Capital does offer corporate and furnished apartments at a select number of our premier properties. Please call our Shadyside office to learn more: (412) 219-6107