Any homeowner can beautify their living space with the right works of art, but not everyone can afford to purchase and maintain an art collection. Fortunately, there are independent galleries and online services like Artsicle that specialize in renting out art for important events and celebrations.

Here's what you need to know about renting art for your home.

1. Find out about the rental and deposit terms. When approaching an art rental company or gallery, you should be ready to ask questions about the requirements. For example, what is the maximum length of time you can rent a work of art? Is there a deposit required, and if so, how much? Some won't require a deposit, but instead charge a flat rate or a percentage of the art's value. You should also find out if you will be responsible for placing the artwork in your home or if the gallery can handle it for you.

2. Consider the size of the artwork. Some rental companies can size artwork according to your needs, but for the most part, focus on pieces that you know you can fit comfortably inside your home. For example, many small paintings and sculptures can fit well on the wall behind the sofa or over the piano. Other pieces might be large enough you'll need wall or floor space for them to stand alone.

3. Location matters in your home. Art on display in your home is something all your guests should be able to see and enjoy. The best places to install artworks would be in the entryway, the living room, or the den. Consider where you or your guests will be spending the most time and place your works of art accordingly.

4. Contemporary art has a wide appeal. The style of the art you choose can make a difference in the atmosphere of your home. Contemporary art is much livelier and more positive than traditional paintings and sculptures are. You can create a more wholesome environment with the right abstract painting than you could with a grim religious or historical portrait.

5. Rented art can also be purchased. You may decide that you like the artwork that you've rented and want to make it a permanent fixture in your home. It's rare for a gallery or art rental company to refuse their customers to purchase their rentals. You'll need to check first with the company about whether or not rental fees will still be applied if you decide to buy.

Image by Andrew Russeth on Flickr