The cost to furnish an apartment can be considerable – $6,000+ for a two bedroom, often more than 2x the amount of cash you need just to move in (first-month rent and security deposit). Therefore, furnishing an apartment can be financially draining for many people. If you feel this way, you are not alone.
Follow these tips to save big when you furnish your apartment.
Furnish the Rooms That Need it Most
A minimalist approach is one of the best ways to furnish on a budget. Instead of furnishing every nook and cranny the day you move in, focus on the rooms that you need for daily living. Consider holding off on the guest room, the office, or other unnecessary spaces until you’ve had the chance to save extra cash.
Furniture Rental Services
Furniture rentals can be a great option if you’re unsure how long you’ll be living in your new apartment. They’re also a great option if you do not have the cash to fund the upfront cost of new furniture or if your taste in decor changes often.
Look for Close-Out Deals
Many furniture retailers sell off inventory at deep discounts when new stock is on its way in. Close-out sales are often a gold mine for high-quality pieces at a fraction of the price.
Moreover, ask for floor models (furniture that has been sitting out on the floor and might be offered at a discount). Then, most major furniture brands, in addition to their main stores, also offer outlet stores. For example, West Elm Outlets, Raymour & Flanigan Outlets, Ashley Outlet, etc. Simply search online for “Furniture Outlets”.
Buy Complete Sets
Buying individual pieces of furniture often costs more than buying a full set. Many stores offer packages that include everything you need to furnish an entire room (i.e. RoomsToGo, Ashley Furniture), helping you save money and maintain a cohesive style.
Rent to Own
While it’s probably better to buy them, if you don’t have the cash, some stores offer rent-to-own programs where you can potentially buy the furniture back later.