Renting furniture is probably not a concept that the many people are familiar with, especially in Asia where people generally prefer to have ownership over renting.
However, there are in fact many benefits in renting furniture, especially to property investors who prefer convenience over hassles and property tenants who are seeking temporary furnishing solutions.
Through our daily interactions with our customers, we have summarised the following top 5 benefits of renting furniture that would give you some new perspectives about furniture rental:
Benefit #1 – Convenience and Move-in Ready
Convenience is definitely the most important benefits above all. Renting furniture allows you to move into your new home immediately because we have readily available furniture within short notice of time.
For expats who are waiting for their furniture to be shipped in from overseas, furniture rental helps to ease the transition as they can arrive to a home furnished with rental furniture, appliances, housewares, televisions, and other equipment. This helps them to get started with work faster and hassle free.
In addition, renting furniture could even be an better option compared to shipping in furniture from overseas homes. It eliminates unnecessary administrative work, redundant shipping and storage costs and fear of loss and damages of your goods during transit.
For property investors, allowing your tenants to rent furniture with a monthly allowance would save you the hassle of buying, maintaining and disposing furniture yourself under different circumstances.
Benefit #2 – Cost Effective
With an increase in international employee transfers, many organisations and their employees are renting apartments and homes as a cost-effective and convenient alternative, especially in today’s challenging economy.
Settling these expats into temporary apartments or hotels are getting more and more expensive in Singapore compared to renting homes for them. That’s where furniture rental could enhance these home renting experience.
Benefits #3 – Minimal Capital Outlay
Rental requires only minimal capital outlay as opposed to the hefty sum of money one needs to pay upfront if purchase. By renting, it frees money for more productive investments.
For property investors, this reduces the additional investment required to start leasing out the properties. For foreigners, this saves the cash for other more important things to settle down in Singapore. For businesses, this frees up capital for investments with better returns.
Benefit #4 – Rent to Own Model
We operate under the Rent to Own model. At the end of the lease, you have the option to own the furniture by with the lease buyback scheme. For landlords and tenants, if the tenants decided to extend the lease, it then make more sense to buy over the furniture at that point of time.
Benefit #5 – Becoming Socially Responsible by Serving More With Less
It hurts to hear some people say “since I am not staying in Singapore for long, I could buy some cheap furniture and then dispose them when I leave.” That creates wastage and burdens our mother Earth.
As a furniture rental company, we aim to serve more people with temporary (being it 1 month or 2 years) furniture needs and create less wastage. A change in mindset to make a big difference to the world we live in.
To sum up, furniture rental is convenient and cost effective to rental properties. It saves large sum of initial capital outlay for landlords, tenants and businesses. This flexible service is also a good way to reduce furniture waste to our environment. That’s why we love it.
If you have any further questions about furniture rental, feel free to contact us at +65 6759 1021 or send us an email to find out more.