Buying a house or renting an apartment is often a huge financial decision. The process of finding a home that meets your budget can be long and stressful, and it can be difficult to choose between the home of your dreams and saving your hard-earned money.
One way you can save money in the long run is by investing in a Murphy bed; a bed that can be stored away in a cabinet when it is not in use. Now, you might be asking yourself how buying a new piece of furniture will ultimately help you save money. That’s a fair question.
Of course, buying a Murphy bed is like buying any piece of furniture for your home: it can leave a small dent in your wallet. However, you should consider your Murphy bed purchase as an investment. With a Murphy bed, you allocate a small amount of money in the present and gain from its benefits in the near future. Here’s how a Murphy bed can ultimately help you save money:
It allows you to choose a smaller, less expensive home
The wonderful thing about a Murphy bed is that it transforms one room into two! That’s right, when you fold up your bed, you can use the room for an entirely different purpose. You can easily transform a bedroom into an office or living room thanks to these unique beds.
How does this help you save money? Well, if you were looking to rent a two-bedroom apartment so you could have an office and a bedroom, you now only need to find a one-bedroom apartment thanks to your new Murphy bed.
Consider that for every additional bedroom, the cost of rent can go up by approximately $250 to $400 per month. If you subtract one bedroom from your searches, you could save anywhere between $3000 to $4800 per year. And all this time, a simple Murphy bed has only cost you between $1500 and $1900.
You can also expect to save money if you’re buying a house, because once again, you will be able to look for a smaller home with one less bedroom. Consider that this is also one less bedroom that you will have to paint and redecorate and one less bedroom to pay electricity for.
It allows you to create a multipurpose space at little to no extra cost
Another way a Murphy bed can help you save money is by allowing you to create a multifunctional room at a very reasonable price. If you have one less room in your home, you also have one less room to furnish. That alone can have a significant financial impact, but a Murphy bed can make it even better!
Did you know that some Murphy beds come with additional storage units, sofas, and desks? That’s right, your Murphy bed can do much more than simply provide you a place to sleep! Murphy beds that come with modular components allow you to furnish the majority of a multipurpose room in one shot!
A Murphy bed with storage units and a sofa or desk can range anywhere from $2600 to $3200. If you opt for a model that comes with storage units, a sofa, or a desk, you can get 2, 3, or 4 pieces of furniture at a fair price! If you decide to buy all of these items separately, you could easily surpass $3200.
A Murphy bed with modular components is an efficient and cost-saving solution when it comes to furnishing a multipurpose space! Consider this a one-stop shop that will save you both time and money!