I am about to sign my first lease on a 3/2 apartment using the arbitrage model. What are your thoughts on renting the furniture vs buying?
Pros- Save on upfront cost $875 month for a 3/2 fully furnished and set up. Net terms. No furniture storage at home or storage units Supplier will deliver furniture and set it up and interchange pieces if desired. Can roll the cost into rent.
Cons- It’s $875 a month lol Damaged furniture will be charged to me. Will spend more money over a course of 12 months (10,500) Limited choices, no option to resell later.
Developer · St. Augustine, FL · Member since 2018 · 311 posts · 384 votes
1y
In the first year, it's almost the same comparison so I'd rather own my furniture and have full control over them.
Our furnishing budget is $2000 per room for furniture and decoration. But we usually come under that budget from being resourceful. So based on that we are already less than the $10500 that you are gonna spend from renting furniture for a 3/2. Also furniture resale would be 25 to 35% of retail price for a like new/good condition since you only used it for 1 year. So renting on the first year is somewhat comparable cost wise but as soon as it's longer than a year, owning will have a much bigger upside than renting.