Sofa bed – You still need a sofa for your every day use and having a bed built into it makes sense to have an occasional guest stay on it. The cost of a sofa bed is generally less than a Murphy bed. If you have a larger budget or have guests staying over regularly and want a luxury option there are Murphy Bed with Sofa options that exist that give you a normal couch feel as well as a normal mattress feel that gives you the best of both worlds. For most the sofa bed is an easy choice if you have occasional guests.