These days, consumers are budget-conscious, but they still want living spaces that look great. It can be a struggle to blend form and function and cope with rising costs.
Rental Affordability Crisis: A Widespread Problem
With rent prices higher than ever before, people are struggling to make their rent payments in cities around the world. You want all the benefits of living in your favorite city—being close to your job, being able to walk everywhere, and having fantastic restaurants and shopping and nightlife nearby—but the apartment rent prices in so many places are totally unaffordable for the average professional!
Rent is continually climbing
. In fact, according to the latest statistics, it looks like California
— traditionally one of the priciest states for metro living— is getting even more expensive, even in its less-pricy cities. We all know that San Francisco
is extremely expensive (the average price for a one-bedroom apartment within San Francisco city limits is in the range of $3,400/month!) but now even California’s less-expensive cities, like Sacramento and Fresno, are experiencing steep rental hikes. California cities make up half of the top ten fastest-growing rental prices, making the cost of living less affordable for many people in the state (source). California might be the most dramatic, but it’s not the only city in this situation: it’s an issue all around the globe.
Renters Can Save Money with Innovative Furniture Design
Most apartments are priced per square foot, so it pays to get as small a place as possible. But many people worry about all of their furniture fitting in the small area, or they’re afraid that they won’t have any room to have friends over.
All those worries can be erased with a simple and unexpected solution: convertible, space-saving furniture! There’s no better option for small studio apartments. With smaller apartments becoming the norm these days, the market for convertible furniture is exploding.
Essentially, when you get furniture that takes up less space and serves more functions, you can get a smaller apartment, saving you a lot of money on rent. That’s how furniture can pay for itself!
Space-Saving Furniture Designs: Styles and Benefits
As the market for convertible, space-saving furniture grows, more and more styles will become available. There are so many innovators out there who are working to make small spaces into productive workspaces and comfortable living areas.
Hiddenbed currently offers 7 incredible dual-function or triple-function options
: a bunk bed + desk
: a double Murphy bed that folds to take up less space
: a double Murphy bed with a desk included
: a triple-function sofa bed + desk
: an affordable twin bed + desk combo perfect for dorms and apartments
: a bed + desk combo with even more storage
: a workspace that converts from an individual desk to a conference table.
Space-saving furniture is the way of the future, especially as cities continue to become more crowded and expensive, and as millennials continue to favor smaller living spaces. Whether for home or for business, there are convertible furniture options suitable for everyone in this growing market. No matter where you are in the world, space-saving furniture is a smart investment for the future!
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