If you like to take care of woodworking and home or landscaping projects, having a well-equipped workshop is essential. However, depending on what you like to do, some of the tools you need might not see a lot of use. Rather than cluttering up your workshop space, rent some of the more specialized tools instead. Renting can be cheaper, and over time, you can continue to use newer models of each tool instead of one model that just gets older and older. Plus, you won't have to spend as much time on maintenance.
Less Time and Attention Needed From You
Tools have to be maintained -- you can't just leave them sitting around for months and expect them to work well. A hammer might be fine, but saws, post-hole diggers, and other motorized tools have to be inspected occasionally and cleaned. If you have a bunch of specialized tools that you use rarely, that's extra work for you. You're maintaining them, but you have no idea when you'll next use them. There's not a lot of point to that, at least for most people.
Rented tools need no maintenance from you other than the standard cleaning you might give them after use. You don't have to worry about proper storage, lubrication, or protection (wrapping up blades and ensuring they can't harm anyone, for example). The rental company handles all that, and if you end up renting a tool that hasn't been properly maintained and that isn't working well as a result, you can return it and get one that does work properly.
How Many Times Will You Really Use It
One issue with buying specialized tools is that they just don't need to be used that much. Unless you're constantly doing woodworking and making wood items, you're not going to need a power saw as much as you think. You'll need a post-hole digger maybe once or twice every few years even if you're constantly working on your yard -- there will be only so many times that you install a fence or need to dig deep, narrow holes.
Tool rental companies -- including home improvement centers -- usually keep the latest models of tools on hand. You might not get a luxurious, high-end tool, but you'll get something that has current technology and meets current (or current at time of use) standards.
Prices for renting can be quite reasonable. You do need to take into consideration how many times you'd need to rent the machinery over a few years, too; for example, if renting something costs $20 (a random example) and owning it costs $100, but you know you'll be using the tool more than 10 times over the next few years, owning could be cheaper. But chances are you're not going to use each tool you need quite that often. (For more information, contact Location Ferrento)