Thursday, February 24, 2022
The rental market has expanded beyond apartments, office space, cars, and machinery. Now, the sharing economy has extended to clothes, designer handbags, pets, and other personal stuff.
Previously on the CloudRent blog, we discussed how companies and consumers alike are renting items instead of purchasing them outright. In times of uncertainty, rentals can save you a lot of cash, while providing you with access to the latest equipment — not to mention being better for the environment and saving you time on servicing.
The rental market has expanded beyond apartments, office space, cars, and machinery. Now, the sharing economy has extended to clothes, designer handbags, pets, and other personal stuff. Household items are no exception, and can easily be rented now. Here are some unexpected home items you can rent:
A report from the United Nations Conference on Trade and Development (UNCTAD) marks a surge in container freight rates, which will add to the production costs of various consumer goods. The UNCTAD foresees a hike in furniture prices for consumers by about 10.2% this year. It doesn’t make much sense to spend so much money on furnishings, especially if you’re a student, military service member, or someone anticipating moving long distances. Instead of the large initial investment and moving costs for brand new furniture, you can simply rent what you need online. Choose quality pieces such as sofas, dining tables, lamps, mattresses, and more from top brands like Casper and West Elm. You can even rent entire room “bundles” for three to 12 months, which often come with free delivery and assembly.
When you live in a region where it’s cold most of the time, you may not feel the need to own an air conditioner until a boiling summer rolls around. Renting an air conditioner seasonally can save you money on the upfront purchase, plus utilities and maintenance all year-round. You can rent products popular air conditioner brands from all over the world including LG, Panasonic, Carrier, and Hisense for a short period of time. Of course, make sure to research durable and reliable models that can efficiently cool your home, so you can get the best value for your money.
Most outdoor equipment and tools are things we only need occasionally, maybe even just for one project. When we consider the resources and packaging involved when buying tools we’d only use once or twice, it’s not an environmentally-friendly decision. Home improvement stores such as Home Depot usually rent out saws, chainsaws, or drywall lifts. Renting specialized equipment like electric pressure washers, snow blowers, or wheelbarrows would also free up space in your garage.
Solar panels can save homeowner energy bills and reduce carbon emissions, but installing these can come at a steep entry cost, which can deter eco-conscious consumers. On average, a single solar panel costs around $225 to $375 and you would need to keep an eye on the physical condition of your system, as additional maintenance costs can be exorbitant.
Fortunately, companies are now exploring lease programs for solar panels that allow homeowners to avoid the high cost of installation and pay less for utilities in the long run.
Renting home items isn’t for everyone, and it largely depends on your situation. Still, it can be a better idea to rent an item before purchasing it. And if you’re looking into getting into the rental market yourself, CloudRent is a rental management application that can help you handle your quotes, contracts, and invoices. Talk to us today to learn more about our premium products and services on +61 31712948 or email [email protected]
CEO - Hire & Rental Expert
As an entrepreneur in the software industry, Ron can speak from extensive first-hand experience and deeply understands the hire & rental industry. He has listened to and collaborated with industry professionals and constantly redesigned and developed the CloudRent product to meet customer and industry requirements. This led to the development of the core infrastructure that has been sold to Hire & Rental business’s in 25+ countries over the past 14 years.
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It always blows our mind that our small Aussie company sells hire software to companies from all parts of the world, including billion-dollar companies based in the USA. We always ask why?
Firstly, the main reason is that we built the plant rental software in conjunction with Hire Industry Professionals who use the software and have added their input into the design. Secondly, we made it fast and very easy to learn.