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Buy or rent office furniture? The pros and cons

by Inside Network
January 24, 2019
in Business, Office space
furniture at the office

You spend a lot of your time working and for many people this is at the office. It is therefore important that this working environment is pleasant and inspiring. A comfortable workplace contributes to the health of you and your employees. However, the complete furnishing of an office does entail the necessary costs. Both if you are self-employed and have an office at home or if you are the owner of a company and need to set up hundreds of workplaces. Is it best to buy or rent?

Advantages of buying office furniture

The big advantage of buying office furniture is that it is a one-off investment and you don’t have an extra fixed cost every month. You can really take some time off, which takes away a lot of worries. You become the owner of the office furniture and with that, you have a guarantee on the purchased furniture. If there is something wrong with the new furniture, you can often exchange it free of charge. You also have the freedom to decorate your space according to your own wishes. In addition, new furniture is ergonomically sound and of high quality.

Disadvantages of buying office furniture

The disadvantages of newly purchased furniture are often that you have to assemble it yourself and lose a large one-off investment. Fortunately, you can gain tax advantages because the VAT is deductible for new furniture (Deduction with depreciation).

Advantages of renting office furniture

If you choose to rent office furniture, you opt for flexibility and cost spreading. You pay a fixed amount per month, which is of course much lower than a one-off investment of office furniture. This can be advantageous for start-ups because they don’t have to buy a lot right away. But larger companies are also increasingly opting for this because the rental costs can be booked as costs. For some companies the money pays off better if they invest this in other things than office furniture.

Disadvantages of renting office furniture

A disadvantage of renting office furniture is a limited freedom, the stuff is not yours. This means that you always have to handle it sparingly. In addition, it is possible that in the long run, it will be more expensive than if you make the one-time purchase yourself. And most entrepreneurs want to reduce their monthly costs as much as possible anyway.

Tags: Startup & Scaleup

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