Should you Opt for Leasing Office Furniture?
While it does save them some money, it also becomes a problem as the business grows. After all, the office space you choose will affect everything related to your business in the long run. Most businesses end up getting confused among so many offices only to make the wrong decision.
Even if you manage to pick the right type of office space among your options, you still need to keep other details in check. For example, leasing office furniture is a must for anyone who wishes to grow. It is a relatively newer concept for business, but highly beneficial.
You can easily search the web for “the pros and cons of buying vs leasing office equipment” and find detailed guides. However, they can get confusing after a while. Therefore, we will keep it simple and easy, focusing on what matters.
3 Things About Leasing an Office Furniture
Need to spruce up your office or move to a brand new one? Renting furniture can be a great option for any business, regardless of the size. People often undermine the importance of the right furniture in their office space and add subpar upholstery and furniture, landing in trouble later on.
Moving into a new office or giving your old one a makeover can be expensive, especially at the beginning. You will have to pay for several things right away.
Instead of spending a big chunk of money on furniture all at once, renting might be a smarter choice. This article will explain 3 cool things about renting furniture instead of buying it for your business.
1. Flexible Payments
Financial constraints are the number one reason most people have trouble with their business setups. The cost of rentals is usually affordable with the right service, but the furniture and other extras can add up quickly.
Leasing office furniture allows businesses to save on these costs and have a more streamlined experience with professionals. Moreover, they can use the savings to search for an office space in Singapore that suits their needs as the business grows.
Moreover, unlike purchasing, you don’t have to pay the whole amount upfront. Instead, you can choose a more convenient payment system. Leasing office furniture means paying in smaller parts, making the experience enjoyable for business owners.
As your business grows, you can purchase more furniture, ensuring you have everything you need for an enjoyable experience.
2. Scalability on Demand
Office furniture rental is more than just an affordable payment option. It’s a practical way to run a business without spending too much. For instance, scalability and growth are part of business, which may become problematic in some cases.
For example, if your business has expanded recently, you wouldn’t want to spend more money on the furniture setup. Moreover, if you need the additional furniture temporarily, investing too much in it wouldn't be a smart idea.
3. Tax Benefits
Have you ever tried to rent office furniture? If yes, you understand there are several costs included with it that often go unnoticed by professionals. Business owners learn about these costs much later, but that’s not all. There are certain costs, like taxes, that professionals know about and have to pay for.
Fortunately, leasing office furniture allows you to explore new properties and get the most out of them in the long run—let’s see how it works.
For starters, the monthly rent payments for furniture are a part of the business expenses. They are seen as a part of the normal costs of running your business. This can benefit your tax deductions as businesses can subtract those rental payments from the income. This saves the business owners when it's tax time.
With the rental furniture costs showing as expenses, you can limit your income on paper. This translates to less money owed in taxes. You may think of it as getting a discount on your furniture just for renting it.
Second, renting can save businesses from massive upfront costs. Instead of a large amount of cash to buy all the furniture, pay smaller amounts monthly. You can invest that extra money in business areas that require more help. For example, you may use it for:
- Hiring talented individuals
- Buying new equipment
- Improving customer experiences
The following are some offices for rent in Singapore that have affordable prices and fully furnished interiors. It is a more streamlined approach that lets you get the most out of your business. Check out these properties:
The Work Project (Singapore)
2 Science Park Drive, Singapore
| Available Offices | 16 Offices |
|---|---|
| Capacity | 1 - 36 Desks |
| Price Range (Month) | SGD 457 to SGD 22,622 |
|---|---|
| AVG Desk Price (Month) | SGD 639 |
Expand your business network and visibility by taking advantage of TWP’s global community of like-minded professionals. Unlock exclusive access by singing up to their flexible rental plans, which won’t hurt your pocket. These plans are also ideal for businesses looking for short-term agreements for better workspace adjustment.
More Workspace Highlights
- Dedicated meeting pods for professional business discussions
- High-speed WiFi for higher productivity rates
- Fully equipped pantry for taking your work breaks
- Collaborative spaces for relaxation and informal gatherings
JustCo (Singapore)
One-north Crescent, Singapore
| Available Offices | 25 Offices |
|---|---|
| Capacity | 1 - 50 Desks |
| Price Range (Month) | SGD 118 to SGD 26,002 |
|---|---|
| AVG Desk Price (Month) | SGD 521 |
Improve your team’s focus and concentration by immersing them in the realms of private offices. JustCo at One-north Crescent offers a fully furnished and equipped private office with everything you need for your business operations. The workspace is also positioned in one of Singapore’s major business hubs, making your networking aspirations easier to fulfill.
More Workspace Highlights
- Professional admin support for streamlining your operations
- Strong security system for keeping peace and order
- Daily cleaning services for a neat and tidy office environment
- Great proximity to public transport terminals
Regus (Singapore)
435 Orchard Road, Singapore
| Available Offices | 20 Offices |
|---|---|
| Capacity | 1 - 20 Desks |
| Price Range (Month) | SGD 127 to SGD 20,710 |
|---|---|
| AVG Desk Price (Month) | SGD 1,025 |
Set your remote business apart by renting a virtual office in Singapore. Regus, a giant in the flex space industry, offers a prestigious but cheap virtual office at Orchard Road. Use such a workspace solution to get a premium business address that can significantly enhance your credibility and legitimacy in the field.
More Workspace Highlights
- Complimentary access to fast-speed internet for beating work deadlines
- Meeting rooms for face-to-face business discussions
- Well-secured parking spaces for private vehicles
- Highly accessible location for commuting employees
Wrapping Up
Leasing office furniture can be the perfect move to cut down on additional expenses for your business. If you’re looking for convenient options that provide a good client experience, you can always reach out to professionals at Office Hub.
We have a pool of talented flexperts who are well-versed in fully-furnished office spaces, making them the perfect solution for your business venture. Take the chance now!
