When you move out to live on your own, you would want to keep your apartment simple yet stylish. At the same time, you probably do not want to splurge too much in a home that you may occupy only briefly. This might leave you thinking about the pros and cons of buying vs. renting furniture.

To help you decide, here are some pros and cons of buying vs. renting furniture listed out briefly for you. These will help you pick the best furniture for your new apartment.

Pros of getting furniture on rent

• Stay in vogue
  When living alone, you would like to stay in style. House parties and group studies would be an important part of your life. The flexibility of updating furniture frequently, to keep up with the latest trends, is only possible when you get your furniture on rent. Now, you can sport new furniture looks all the time.
• Cost-effective
  If you are short on funds, there is no way you would be able to buy costly furniture. Renting lets you get whatever furniture you like, while paying for it in easy monthly installments. This way, you can decorate your home the way you want it, without burning a hole in your pocket.

Cons of getting furniture on rent

• Penalties for damage
  Since the furniture belongs to the vendor, you are liable for any damage while it is in your possession. To make sure that you pay for any future damages, rental vendors will even ask you to pay a security deposit. So, if you haven’t been careful with the rented furniture, you may not get the security deposit back.
• Complications on early return
  Your rental contract may not be as flexible as you want it to be. You may not be allowed to end the lease early, so make sure to check on all these details before going ahead.

Pros of buying furniture

• Can resell
  When you own a piece of furniture, you get the chance to resell it. So, you can earn something back for it, if it was maintained in mint condition.
• One-time payment
  When you buy furniture, you have to pay for it just once. There are no monthly payments to be taken care of. You probably already have a lot of monthly bills to take care of, and one less bill can make a lot of difference in your overall monthly budget.

Cons of buying furniture

• Initial investment is huge
  When you live alone, you have to take care of multiple bills at the start of your career. In such a scenario, paying for the initial investment that comes with buying new furniture can be a big hassle.
• Cost of transportation
  When you own furniture, you have to bear the cost of transportation every time you move. If you are moving far away, this cost can pinch a lot. In such cases, most people either sell or donate the furniture.