Money Saving Tips When Buying New Furniture
For an average person, getting a new set of furniture is a threat to his or her money in the bank.
Furniture and upholsteries indeed can pose as one of the most expensive items in a house that usually needs replacement at least once every two years. But still, despite how expensive a furniture set could be, no home is considered complete without one.
According to Statista, furniture store retail sales account for about $68 billion in the United States in 2021, with each American spending an average of $520.99 on furniture yearly.
Now, this might look like chicken change to most, but it definitely doesn’t sound like a fair amount to a few.
Thus, in today’s article, we’ll be breaking down some money-saving tips you can implement when buying new furniture.
Let’s get started.
7 Money-Saving Tips When Buying New Furniture
Well, as discussed earlier, furniture home improvement costs a lot of money, and basically, none of these stats can be changed, but still, there are certain strategies that you can deploy that will drastically reduce how much you spend on furniture by a long mile.
Before you embark on your next furniture purchase, here are some money-saving tips that will help you spend less when buying new furniture:
#1: Figure out Your Needs
Before you plan to change your furniture set, you must take note of your needs and separate them from mere wants.
A need is basically something that you cannot do without, while a want is just a mere desire that you can survive without. Most times, the most crucial furniture to replace are those in the sitting and dining room while those in the bedroom and backyard may not be that so important.
Draw out a list of all the furniture you wish to replace and place a scale of preference over them. You should now rule out the ones you can do without and keep the ones you crucially need. To make the best decisions, you may have to ask your kids, spouse, or family friends, or even go as far as taking out some time to observe the relevance of certain furniture in your home.
This way, your budget will drastically reduce, thus, making you spend less on your home improvement.
#2: Compare Prices Online
One of the major things sellers capitalize on is the fact that you may not know how much less you could have bought a particular piece of furniture somewhere else. However, the internet is a powerful tool that will help you drive out that ignorance.
With the internet, you have access to thousands of furniture sellers from around the world that you can pick from, and select the price that suits you best.
Aside from having the opportunity to pick the best price, you’ll also get to see a variety of designs that could beat your expectations.
Another really good thing about browsing online is that it eliminates the cost and time that it’d normally take to go around physical stores to compare prices.
That being said, prior to your next furniture purchase, try and take out time to browse the internet for furniture sellers and compare their price tags. When you check out furniture pieces online, be sure to criticize the authenticity of both the furniture and its seller. One way you can do this is to read some previous customer reviews. This way, you can avoid buying fake or false products.
#3: Check for Discounts
One way you can save more money when buying furniture is to harness the potential of a discount if made available.
A discount is a certain percentage that a seller wishes to cut out from the price of the particular furniture. Most times, discounts are a way sellers choose to appreciate either faithful, new, or huge customers.
As you compare the prices of your desired furniture, make sure you take note of discounts if there are any.
Sometimes, a discount could reduce the price of a piece even lesser than a cheaper piece. For instance, a parlor sofa costs $100 with a 35 percent (%) discount, while another costs $75 with no discount. If you harness the discount, you’ll end up buying the $100 sofa for an amazing $65, saving you an extra $35 on your initial purchase, and $5 on the other sofa cost.
#4: Auction Your Old Furniture
Now a yard sale doesn’t sound all that bad, does it?
Before you get disturbed by the high price of new furniture, place the old furniture you have on auction sales first!
Don’t be bothered by the way the old furniture looks because that old furniture could satisfy someone’s taste somewhere else.
The major reason why replacing a furniture piece seems difficult is because of the cost. It is because the money spent on the old ones would be a waste and you may need to start saving up from scratch to buy a new one.
If you could try selling off your old furniture, it could help to generate at least 30 percent (%) of the money needed to buy the new ones.
One way you can easily sell out your old furniture is to create adverts on social media or post them on online mini-sale platforms. You could also afford to talk to your neighbors or friends about it.
#5: Buy Versatile Furniture
To further cut down your budget for furniture, you can go after 2-in-1 furniture rather than single ones.
Now, this seems like, in a way, using one stone to kill two birds because literally, you’re having two pieces at the price of one piece.
For instance, you can consider getting a piece of furniture that serves as a sofa but with a little conversion, could serve as a bed for your bedroom furniture.
Apart from the price slash that versatile furniture would offer, it will also help to save space in your apartment and give you more functionality.
#6: Request for Free Delivery
When buying new furniture, the cost of transportation may surprise you…
This is because most furniture pieces actually weigh a lot and will incur extra charges on shipping. However, some sellers do offer free delivery to customers.
Similar to discounts, free delivery is an appreciation that’s due to you if you meet up some criteria. This is usually in the form of a price threshold or first-timer bonus… So yea, it’s definitely worth keeping an eye out for!
Whether you’re buying online or from a physical store, make sure you ask for it.
You may need to contact customer support to get more information about a free delivery offer if shopping online.
#7: Need Extra Cash? Get a Loan
It is frustrating when the money you need to purchase a piece of furniture isn’t available, especially when there is an urgent need for you to change it. Or maybe the deadline for a discount or free delivery offer is fast approaching.
However, in order not to miss out on a huge deal, a payday loan might just be the best option for you.
This is simply a cash advance loan, or better still, that offers you the money you need to complete that your furniture purchase even without collateral.
Conclusion
Despite how expensive it could be to change a furniture piece, the impact that would cause on your finance solely depends on your actions.
As your next furniture purchase approaches, you need to recognize how much impact it could cause to your finance and deal carefully with it. To add to the earlier mentioned tips, you can also try repairing some old furniture where applicable to save some more cash.
And yea, a payday loan isn’t a bad option at all when it comes to getting the necessary cash needed to cater for that unexpected purchase.
Basically, it takes nothing more than 5 minutes to completely apply for your payday loan offer, and 1 hour to get your funds disbursed to your account.
