When you think of a functional home, what is the first thing that comes to your mind? Well, of course, it’s the ‘people’ that make it work, but what is that thing that makes your living easier? It’s the things you choose to put inside your house, the things you use like home appliances & furniture. Can you imagine a life without these? A bed or a TV? Forget TV, how about a washing machine or a refrigerator? Where would you keep all your food? How would you do laundry? Sounds insane, doesn’t it?
So, when you move into a new house or new place, these are the things that get down to first. But to buy new home appliances and furniture or not, is the questions that often puts people in a dilemma. If you’re going to stay at that place for a short period then, of course, investing all that money into buying these furnishings doesn’t make any sense. Unless, of course, you are rich and can afford to change or replace any furnishing item. ‘Buying’ is neither practical nor affordable and this is why millennials choose to take their furniture and home appliances on rent.
Millennials are more practical. They believe in living in the moment and not waste their money on long-term assets that they know that these huge investments will weigh them down. Even you can agree on this that buying furniture or home appliances means you’re stuck with them for years – they cost a fortune, after all. Who’d want that when life is constantly changing?
Millennials love change, they love moving. Whether it’s in the search of new opportunities, exploring their horizons, or wanting to get education far away from their homes. They’re always on the move. Running after their next big or good opportunity. This constant change made them lean towards the concept of renting their furnishings. And with this change in their buying behaviour, there has been a significant surge in the furniture rental market!
Earlier, where renting was only restricted or rather limited to high-valued things like a house, heavy wedding jewellery, etc. Now, it’s everything. And by everything, we mean everything. Millennials can rent anything and everything because it’s more convenient. This thought process has made a huge change in the furniture rental market curve, and rightly so. Now, it’s not just a trend, but has become a revolution!
Let’s discuss why millennials choose to rent home appliances and furniture instead of purchasing them, what has caught their attention and made them revolutionize this trend.
Renting is Much Easier on Pockets
Millennials are hustlers and hustlers are most often on a budget. Take students for example. They live far away from home in ode to getting educated and their pockets are tight. But does that mean they should compromise on their life choices, preferences or desired lifestyle? Well, they don’t think so. Students choose to rent their appliances and furniture because bringing every single thing from back home is not practical and they don’t want to spend a huge amount on purchasing or paying heavy monthly instalments for those when they’re only there for a year or two. Moreover, if they live on a sharing basis, they get to split even that nominal monthly subscription fee.
It’s the same for the working-class millennials as well. They move due to their jobs frequently and since they know they won’t be staying at the same place for long, they choose to go with the more affordable option – renting it out!
Renting Provides More Flexibility and Freedom
As we mentioned earlier, millennials love change. They constantly look out for upgrades, whether it’s their skills or their lifestyle. And renting everything means they have the freedom to return the products and get the new ones when their taste or preferences change. Renting provides them with the flexibility to make this change without thinking twice about heavy investments. Because if you think about it, you cannot make these frequent upgrades when you’ve purchased your furnishings.
But when you have taken your home appliances or furniture on rent, your options expand. Tired of the old furniture? Saw a new TV that you like? Need to move but would like to change the look of your new house completely? Renting makes all of this easy!
There’s the Ease of Mind When You Choose to Rent Home Appliances
When you decide to move or relocate, the first thing that puts you off even though you might be super excited is, packing and moving everything. You have to hire movers and packers and then put everything in place once you’re at your new place. It’s a big headache, isn’t it? And let’s say you decide you sell your old furniture and appliances and get new ones for the new place. That’s more tiring and can exhaust you. Because finding the right buyers for your old products is not easy. Moreover, purchasing everything and furnishing a home from scratch is both time-consuming and highly costly. You have to spend hours or days searching and then deciding on the right furniture sets. Plus, it puts a hole in the pocket.
Millennials are smart, they choose to skip this hassle and go with the option that gives them the ease of mind – renting furniture! Because when they’ve rented everything, they can just return and move on with their lives once the purpose of those rented products is served. There’s no weighing them down, no headache of selling, no concerns about the budget, no nothing. Renting is as simple and easy as it can get.
Plus, some rental service provider like Cityfurnish offers free delivery, pickup, relocation, and even installation services. So, even if they want their old rented products moved into their new place, the service provider takes care of it without charging any extra fee. That’s just the cherry on top!
No wonder millennials have taken the idea of renting furniture and home appliances on another level. It’s easier, affordable, and comes with a lot of added benefits.
If you haven’t tried renting yet, you must. You won’t regret it!
