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.