Save with Rental Furniture
There’s a lot to think about and square away when you rent an apartment: setting up utilities, changing your address and deciding just how you’re going to furnish the place. That last part can either be really fun or really stressful — if you already have furniture and decor, you’re set, but what if you don’t? Consider getting rental furniture.
You might be wondering, why wouldn’t I just buy furniture for my new place? Well, depending on your situation, getting rental furniture might just be the easiest, most convenient and most cost-effective decision.
The cost of furnishing an entire home can add up quickly. Buying a new bed, a couch and couple of chairs could set you back more than $1,000. With having to pay a deposit and first month’s rent — and possibly last month’s rent as well — up front, you may be strapped for cash once you get to the point of furnishing your home.
If You’re Temporary, Consider Renting
Another reason to consider rental furniture is if you’re not going to be staying in the apartment for very long. Whether you’re working in another country, just in town for a corporate relocation assignment or you are living somewhere temporarily for some other reason, it might not be ideal to purchase furniture to use only for a short amount of time.
Rental furniture is all about convenience. Typically, the rental furniture company will deliver your stuff, taking the hassle out of you having to rent a truck and do it yourself. This is especially convenient when you’re busy with getting your new apartment set up. Plus, it could help you save on moving expenses.
The bottom line is that rental furniture is worth checking out. Convenient, flexible and easy, it might just be the perfect way to furnish your home.
The Economy Is Temporarily Making More Apartments Available
“Apartments Available” is a common message at apartment complexes right now. The rental market has taken a beating from the economic crisis, and if you’re trying to find an apartment, now is a great time because rents are temporarily low and more folks are finding apartments available.
According to an October 28th article from The Wall Street Journal‘s Marketwatch.com website, the Market Tightness Index has indicated more apartments available and lower rents for five straight quarters – more than a year of declines. At the same time, Mark Obrinsky, the vice president of research for the National Multi Housing Council (NMHC), says that “favorable demographics and a lower homeownership rate will benefit the apartment industry over time,” driving up rents, tightening the rental market and making fewer apartments available.
High Apartment Availability Won’t Last
In our opinion, Obrinsky’s right on the money about the rental market. The mortgage crisis has made it nearly impossible for home buyers to get loans to buy new homes. Right now, things are so bad that people are living with friends or family while they try to regroup from foreclosures and job losses. Soon, though, those people will move into apartments and reduce the number of apartments available.
The rental market is slow now, but this is just the calm before the storm. We expect to see a lot of traffic on the rental market in coming months and a lot fewer apartments available for renters.
If you’re unsatisfied with your current housing situation, you should consider looking to rent an apartment on our website or swinging by one of our local apartment rental offices for a chat with one of our apartment finders. We anticipate that there will be far fewer choice apartments available for renters to choose from in the spring.
Source: MarketWatch, October 28, 2008.
Apartment Rentals Increasing
Apartment rentals are on the rise, which may seem a little odd during a slow economy. If you really think about it, the increase in apartment rentals actually makes perfect sense. With all the foreclosures on homes because of the slow economy, you have to wonder where all the people who lived in those houses are going. Simple – they are renting apartments.
Apartment Renters Are Staying Put
According to an article in BusinessWeek magazine, fewer people are moving out of apartments to buy homes. In fact, the rate of people moving out of apartments to buy homes is around 14 percent compared to 20 percent last year. There is also the fact that lending standards have gotten stricter, making it more difficult to qualify for a mortgage.
Apartment Rentals Make Sense in Slow Economy
The article also mentions that renting an apartment makes more sense to a lot of people during uncertain financial times. To some it is a much safer feeling to be locked into an apartment lease instead of being locked into a mortgage. The parts of the country where there is an increase in apartment rentals directly corresponds to the parts of the country where the job market is going strong. Areas that have seen a decrease include Florida, California, Arizona, Nevada and New Jersey, according to the article. Areas that have seen an increase in apartment rentals include Tacoma, Seattle, San Francisco and Oklahoma City.
Apartment Rentals: Searching Made Easy
Apartment rentals being on the rise means that the vacancy rate across the nation is going to be lower. It also means that finding apartments that are available is going to get more and more difficult without some assistance. ApartmentSearch.com is a valuable tool for people who are trying to find an apartment to rent. Our search function makes it easy for the apartment hunter to visit virtually any complex and apartment management office without ever leaving their home.