Post # 1
Fiance and I have not lived together and we are starting from scratch when we get married.Our plan is to buy a home in 5 years. So now that we’re realizing all the costs that go into setting up house, we’re stuck thinking about what to do about furniture (the biggest expense) right now.
Do we go cheapie, like IKEA and save a lot more money so we can pay off existing debt? Do we buy regular furniture that costs a heck of a lot more and assume it’ll hold up better during the 5 years?
Honestly, I’m leaning towards the first option. I feel that we are barely home (we’re both workaholics), plus we’d be existing in a tiny hole of a NYC apartment. We both agreed we’d chuck any apartment furniture once we get a house in 5 years. The money we would have sunk into nicer furniture will now into paying down debt that we both have.
Anyone have a similar experience/ situation? How did it work out for you? What advice would you give? What do you think?
Post # 3
DH and I have a majority of ikea furniture plus some hand-me-down furniture from when my parents moved back to the Philippines. The reason I say Ikea is because you plan on moving and setting up a home (and probably a new design scheme) in 5 years. You don’t really need expensive, heirloom-quality furniture right now. Get furniture that looks good but will get you by while you establish your first "home" and kind of get a feel for the look and designs that you like. also, ikea furniture can last a good amount of time if treated well enough. DH and I are most likely moving in the next two years because DH is in the Navy and will be getting restationed elsewhere. so we didn’t see the point in buying expensive furniture when wel’ll be moving, and likely moving far enough away where it will cost tons of money to lug all our furniture with us.
Post # 4
I would say start with ikea and then in the next five years start building a collection of more permanent furniture that you really like and can see having for longer.
Post # 5
I love my ikea couch (it’s one of the more expensive "real" couches), but I wanted to add that you should not rule out other options like craigslist and goodwill. As long as you weed out the really sketchy items, generally there’s nothing wrong with them that a little Febreze can’t fix. You can probably get stuff for even cheaper than at Ikea, which will make replacing the items much easier.
Post # 6
I think if you’re planning to replace the furniture in 5 years anyways, I would go with the IKEA option. Especially if you’re working towards paying off debts – that will pay off well in the end to improve your credit score and hopefully help you get a better mortgage rate when you get to buy your first home.
Go for the cheap but comfy stuff and use the savings to help in another area! 🙂
Post # 7
I would go the Ikea route too. I have some Ikea pieces that have lasted for years & I still love them. Also, check out Craigslist, you can find some really great deals on furniture there.
Post # 8
5 years ago when my FI, then bf, and I moved in together I got hand me down furniture and stuff from places like World Market, Pier 1 etc. Not IKEA, but not Ethan Allen.
Now, with a house we just barely, like 2 months ago, bought and honest to gosh new couch.
Don’t skimp on beds though. Go out and buy a real one.
Also, keep a look out on Craigslist for furniture. I’ve scored a lot of antiques for real deals.
Post # 9
You might change your mind in 5 years on what style you like. Also, your furniture might not match/fit the style of your home especially if you’re living in a small apartment right now. The scale will be totally wrong for a house. Paying off the debt will also help you with w home loan when you’re ready to buy. 🙂
Post # 10
We tend to buy furniture that is a little more expensive with the intention that it will last us for years. In the long run its more cost effecient. With that being said, it takes us a long time to buy new pieces… we do our research & we have to really, really love it to buy it. It took us 7 months to find our new couch & chairs… we also just purchased a new bedroom set that we’d been eyeing for almost the last 2 years. We bought the floor models for $1200 when it was originally over $6000.
Also, now is the time to buy furniture…. the sales people are desperate to make a sale as currently no one is buying. We got our shipping thrown in on our bedroom furniture because our furniture was a little scratched up from being a floor model. Don’t be afraid to bargain.
Oooh thats a good tip: look for floor models! Now that I think about it, a lot of our purchases have been the floor models… our fridge, our flatscreen, bedroom furniture… there’s usually nothing wrong with it other than a scratch here or there. That way you get a solid piece of furniture for a fraction of the original cost.
Post # 11
- Wedding: March 2005 - Westside Loft, New York
ikea furniture lasts fine until you move. it’s meant to be used in one place. the only thing i might invest in is the sofa and the mattress. we’ve been living together for 4 1/2 years and we’re just now starting to buy real furniture. ikea is just fine.