Categorized | Home Improvement

New Office? Rent, Don’t Buy Its Furnishings

Office Furniture

You have a new office. There’s just one problem: it’s empty. You need office furniture, but you don’t really like the cheap pressboard stuff you’ve seen in discount stores. You’ve checked out other places selling high-quality stuff, but the price tag left you feeling a bit uneasy. That’s understandable. Not all businesses buy their office furniture. Many of your competitors actually rent everything.

It Saves You Money

A good piece of solid oak, maple, or some other hardwood will cost you – big time. A quality desk can cost $5,000 or more. You can walk into an office supply store, or furniture store, and walk out spending thousands on just your office alone. Can you imagine what it would cost to outfit the reception area? Nice office chairs can set you back several hundred dollars a pop. Renting office furniture, on the other hand, can be had for just a fraction of the cost. Plus, since you’re paying monthly, you can create a stable, predictable, budget for furniture regardless of what happens.

Awesome Quality

Companies that specialize in renting office furniture are motivated to offer high quality items. If they don’t, the customer simply cancels the rental agreement and the company loses money. Companies can afford to offer you really great stuff because they may buy furniture in bulk direct from the manufacturer, buy it off of failed startups at a discount, they may be part of a manufacturing outfit themselves. The best part? When the furniture does wear out, you don’t have to go shopping around for more stuff. You just call up the company and request something new.

Scalable and Flexible

When you bring on new employees, especially temporary staff, it gets expensive to scale up and down when you’re buying everything. If your employees require desks, chairs, and other furnishings, renting would make more sense. After all, there’s nothing worse than outfitting your entire office with new furniture only to discover that your profit targets won’t be hit next quarter. What a waste of money. Renting allows you to just get rid of old furniture that you don’t need and bring in more when business picks up. In other words, renting caters to your business cycle and profitability.

A Good Implicit Investment

There’s one problem with buying furniture that almost no one talks about: the lost investment opportunity. When you buy furniture, you’re putting money into the office that could go into marketing. While it’s true that purchasing is a one-time deal (for a few years anyway), you probably need and want more sales right now. Diverting as much money to sales and marketing is the best way to do that.

Office Furniture

Office Furniture

For example, let’s say that you’re thinking of outfitting your office with new furniture. You estimate it will cost you $10,000. If renting costs just several hundred dollars per month, you can put most of that $10,000 to work for you right now. You can hire more staff, expand your sales department, and run more ads.

 

About Author :

Jason Ireland is a professional interior decorator. He enjoys sharing his insights on better living through his writing, which can be found on a number of home and lifestyle blogs. For more information about furniture used or for rent, visit the link.

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