Hong Kong real estate is a highly competitive market, with living quarters ranging from modest studio apartments to luxury mansions overlooking the bay. If you are a landlord in the city letting furnished or unfurnished apartments, you might want to consider the concept of renting furniture as a sustainable and economical option in the future.
Føerni is a furniture rental startup in Hong Kong that offers high quality pieces for residential, office, and F/B spaces. Read on for why renting furniture with Føerni provides you and your clients with multiple benefits.
1. Less upfront costs
The main problem with providing furnished apartments is the initial investment you have to make. Purchasing multiple items to furnish a number of units can be expensive. The concept of furniture rental helps diffuse this problem by cutting down on upfront costs. Instead of paying the total amount of a piece of furniture, monthly payments or instalments can be made for each piece of furniture instead. You can stagger payments until you cover the cost of the retail price, and ease the financial strain on your bank account.
2. Access to high quality pieces
While furnishing apartments with cheap furniture may be tempting to help cut down on costs, sometimes it may hurt you more in the long run. Cheap furniture equates to cheap quality and may not last very long. Tenants may also second-guess moving in if they notice the condition of the furniture or may not be willing to pay higher rent for apartments with low quality pieces. With Føerni you are guaranteed high quality pieces from both local and international brands such as Magis, Hay, Normann, Louis Poulsen, Muuto, Design House, SofaSale, and more. Not only will these pieces provide a standardized identity of elegance and sophistication, they’ll also last for long periods of time given proper care and maintenance.
3. On demand interior design and visualization support
Another roadblock to furnishing apartments is the time and effort it takes. What if you don’t want the headache that comes with it? What if you don’t have the time to design, choose, and shop for pieces? You can easily hire someone else to do the job for you or you can simply avail of Føerni’s on demand interior design and visualization support. Føerni can even curate items for you outside of their standard catalog. Who better to help you design your spaces than the people who will provide you with the most fitting options out there?
Føerni also has an on-demand staging package which is ideal for shorter rental periods (e.g. less than 3 months) or if you simply want to entice future tenants with your aesthetically pleasing units.
Not sure about staging? Read more about why staging works for landlords in Hong Kong here.
4. Flexible payment options
Besides avoiding upfront costs, Føerni also has flexible payment options, offering 3, 6, 9, 12, and 18 months of rental contracts to their business customers. Føerni also does not require any deposit payments when you rent their furniture, which helps reduce unnecessary cash flow constraints on your end. Another added benefit to renting furniture is the relatively low financial risk (compared to buying furniture outright) since some tenants may prefer unfurnished spaces. When you rent furniture you don’t need to worry about storage and wasteful or unnecessary spending.
Looking for more reasons to love furniture rental? We've listed them down here.
5. Delivery and installation services available
Arranging for the delivery and installation of furniture pieces can be a logistical nightmare, especially if you hire a third party that doesn’t have much experience with handling furniture. Føerni offers delivery and installation services to its customers to help make their lives easier and more stress-free.
6. Guaranteed full product life
In a study done by the United States Environmental Protection Agency, it was noted that in 2017 landfills in the U.S. received a total of 37.2 million tons of durable goods. These include major and small appliances, furniture and furnishings, and carpets and rugs among other things. If we continue to follow the trend of durable goods waste, that would mean the total tonnage will only get higher as the years pass.
One of Føerni’s business goals and advocacies is to help decrease the use of fast furniture also known as durable goods. Part of their standard operating procedure is to recycle their products, making sure to use them to the extent of their product cycle, ultimately helping in reducing furniture waste. Not only will you and your clients get high quality pieces at a more cost-effective rate, you’ll also be helping the environment by reducing your durable waste footprint.
Read more about how you can help reduce furniture waste in Hong Kong here.