Most of us in India, move out of our houses at the age of 22 and above, when we are freshly employed and can afford to look after ourselves and won’t have to depend on our parents for every little thing.
But, as soon as you are done with college there are end numbers of responsibilities on yourself that you can barely breathe. So when it comes to getting in your living space, you won’t be able to dish out your entire salary on important home appliances and furniture especially not until you get a bit of experience and good salary hike to actually be able to afford all those items.
Now what is the option over here to look out for? Should you buy expensive items just so you can have the sense of ownership only to be looking for their buyer once you decide to move out of the city after a while, or should you opt for rental industry whose entire existence is based on disrupting the idea of ownership by bringing value to your life both financially, aesthetically and
By providing the necessity that is required to sustain a good living.
So when renting is available to make your life easier, why would anyone even go for buying as an option? There is only one way where buying can actually make sense and that is when one has to have the product for a really long time in the place that they are living currently.
Here I have listed down a few reasons why one should actually consider renting over buying:
When instead of buying you actually opt to rent from an online service provider, the biggest benefit you get is that you won’t have to look after the items on your own. You can simply just call the same provider and tell about the issue that you are facing and their people will send an executive from their end for a maintenance check, absolutely at no cost, this is perfect when you rent out appliances especially.
When you buy a product, you lose its value the minute you pay its price and take it home, then you are stuck with the same item till the next time you go out for an upgrade, and let’s be honest over here no one would be switching up the appliances or furniture that frequently only to get a newer version in their home. The same thing with renting is different because when you go for a single option, you have the ability to simply change that option in the next few months.
Not many companies out there provide this service but there are a selected few who actually let you relocate the products that you have gotten on rent at absolutely no extra cost, this is essential because there are times when you find a better house opportunity in the same city maybe nearer to your office place, so in that case you wouldn’t want to spend your own money over rented items while shifting, that’s when these service providers come into the picture and help in making your life easier.
Right In Your Budget:
The most important factor why people even consider furniture and home appliances on rent is due to the fact that one can’t spend that huge amount in an instant over purchasing an item that is a necessity, so to save your hard earned money, you need to opt for tenure based renting system, Monthly rentals make more sense since it allows the consumer to go easy on his expense and still have all the essentials.
So after considering the above factors there are plenty of service providers that one can find from the list below:
Available in: Delhi, Gurgaon, Hyderabad, Bangalore and Noida
Two-year-old Rentickle manufactures furniture for monthly subscriptions, and has tie-ups with corporates such as LG and LivPure for appliances. Founded by former HT media executives Amit Sodhi and Vineet Chawla, Delhi-NCR based Rentickle has raised $4.25 million so far. Their rents start from Rs 99 and they have already included new categories like Cars and Bikes, Fitness equipment, Bike Cycles, and Kids’s furniture.
Available in: Bengaluru, Delhi, Gurgaon, Mumbai, PuneFurlenco claims it restores all items to mint condition before letting you rent these. Each item has a monthly rental fee and a minimum term for rent. Furlenco offers basics such as a sofa for Rs. 799 per month, a refrigerator and washing machine at Rs. 2,000 per month etc. Furlenco charges one month’s rent as deposit.
Available in: Bengaluru, Chennai, Delhi, Gurgaon, Hyderabad, Mumbai, Noida, Pune
Rentomojo asks for a token deposit and lets you rent all essential kinds of furniture and appliances. You can rent a wardrobe for Rs. 749 per month, a double bed for Rs. 1,089 per month, and TV, washing machine, and fridge combo at Rs. 3,737 per month. These prices are for a three-month holding period. The price decreases significantly if you commit to a longer holding period, so if you can rent these for two years, you end up paying around half the price every month.
Available in: Delhi/NCR, Bangalore, Pune, and Mumbai
Started with Rs 45 lakh in late 2015, this Delhi-based startup has raised Rs 6.5 crore till date, and also offers services in Pune, Bengaluru, and Mumbai. It serves home and office furniture as well as home electronics and fitness equipment. CityFurnish also provides the rent-to-buy option. Founded by Neerav Jain and Saurabh Gupta, CityFurnish designs and manufactures its own furniture to rent out.
Our personal favorite pick would be Rentickle although Furlenco comes a close second followed by Rentomojo.
Rentickle seems to be working on a very effective plan when the prices are considered because they provide the lowest rentals out of all while keeping their collections quite exclusive and they have launched quite a few new categories as well such as – Cars and Bikes, Kids’ Category, Fitness Equipment and even Bike cycles; which is great because it caters to multiple interests and you can simply switch up from time to time.