Renting vs. Buying Office Furniture

office furniture

If you’re setting up a new workplace or think it’s time to revamp your office, buying new office furniture can be an amazing addition to your space for a number of reasons. From aesthetics through to productivity, good office furniture is a necessary addition to any office.

However, buying new furniture is no longer the only option. Renting office furniture in Melbourne has also become increasingly popular of late, and there are a number of reasons why.

This article weighs up the pros and cons of both renting and buying office furniture.

The Pros of Renting Office Furniture

Renting office furniture in Melbourne can be a great option for those on a budget, as you get the furniture for as long as you need it without having to pay the full price. The best part about renting or leasing furniture is that it means you can regularly update it and makeover your workplace from scratch all over again.

Another benefit is that there’s a wide variety of products available to rent. Rental products will always keep up with current trends, so you can be sure that you’re choosing something modern and chic. Whatever space it is you work in, you’re likely to find something that correctly complements it. The wide variety also means that you’ll find products that directly suit your office.

The Pros of Buying Office Furniture in Melbourne

On the other hand, buying office furniture in Melbourne is sometimes the better option. Ultimately, it comes down to the workplace. Buying office furniture is essentially a long term investment, however if you do decide to update, you can always sell the furniture and start fresh again.

One of the bigger upsides of buying your office furniture is that you can often claim the expense on tax. If you run your own business or manage the financial accounts of your workplace, it’s highly likely that the furniture will be tax deductible. Just check in with your accountant and they’ll be able to work it out for you.

The Cons of Renting Office Furniture

When you rent or lease office furniture, you’re committing to paying for it over a longer period of time. This may seem great initially, as you won’t have to spend much straightaway, but you can end up paying more over time than you would have paid to buy the furniture outright.

It can also be stressful to constantly use something that you don’t own. Office furniture is used on a daily basis and can experience wear and tear, so you don’t want to add to your workday stresses by having to remember that it has to be eventually returned. This is the main reason why renting office furniture in Melbourne might not actually be as great as you think.

The Cons of Buying Office Furniture

The main con of buying is that you’re then committed to the office furniture once you’ve bought it. For those with commitment issues, this can be off-putting – particularly if you’re the type of person that needs constant workplace updates. It also isn’t the best option for start-up companies or local businesses that don’t have the money to buy furniture outright when they need it.

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