
Furnished apartments might also be a good value if you only need a place to sleep and don’t intend to spend much time in your apartment.
The main benefit for tenants is that short-term leases allow them to move out quickly owing to a work relocation, the purchase of a new home, or the desire to relocate to a new neighborhood.
This raises the following critical question: How To Really Benefit From Furnished Apartments For Short-Term Rent?
Well, if you’re planning to rent for a long time, an unfurnished property can end up being more economical. If you want to rent a place for a while, the cost of buying your own furniture may be less expensive because rental fees are typically cheaper.
Let’s dive right into a more in-depth discussion!
How To Benefit From Furnished Apartments For Short-Term Rent
Furnished apartments might also be a good value if you only need a place to sleep and don’t intend to spend much time in your apartment.
In contrast, if you want to make your apartment seem more like home and have the opportunity to personalize it, an unfurnished property may be a better option.
Renting can help you save money. Saving wherever feasible, regardless of your income, is always a sensible decision. If you do the math on renting vs. buying furniture, you will see that renting will save you a lot of money.
Furnished apartments offer the space, comfort, privacy, and independence of traditional rental housing, as well as basic household items such as beds, sofas, chairs, and tables.
In many cases, TVs and kitchenware are included, but at a much lower cost than hotel and motel rooms, which are typically a fraction of the size.
5 Challenges Of Furnished Serviced Apartments
- Filling vacant spaces
Vacancies are a property owner’s worst nightmare. You’re losing potential revenue every day an apartment is empty. However, all of the procedures required to fill a unit, such as producing a listing, marketing the property, screening candidates, and showing the apartment, take a significant amount of time and resources.
- Repairs and maintenance
When you own apartments, you must keep your properties in good condition. It is difficult to keep up with maintenance. There can be instances when unexpected repairs occur, making things even more difficult.
- Tenants with issues
When tenants cause difficulties with other tenants, violate lease restrictions, or fail to pay rent, it can be tough to know how to handle the matter.
- Rent collection
When tenants pay on time, you get to sit back and watch the rent payments come in. However, even dependable tenants sometimes experience financial difficulties and struggle to pay their rent.
- Work-life integration
Maintaining a healthy work-life balance becomes more challenging when you manage additional properties or units. Maintenance and other activities might consume your time, especially if you own numerous properties that are a lengthy drive apart.
Solutions to Furnished Serviced Apartments Challenges
Apartment management businesses provide services that make owning rental homes easier. This allows landlords to concentrate on their investments and re-establish work-life balance.
Among these services are:
- Listing and marketing of apartments
- displaying and leasing available units
- Screening of tenants
- Inspections
- Taking and storing security deposits
- Rent is collected on time.
- Property upkeep and repairs
- Resolving tenant concerns and disputes
- Supervising evictions
5 Benefits of Furnished Serviced Apartments
- Space
Staying in a serviced apartment allows you to work, cook, relax, and sleep comfortably, and you can anticipate having 30% more space than in an equal regular hotel.
- Value and Savings on Extended Stays
Serviced apartment pricing is approximately 20% lower than comparable hotel rates. There are no hidden extras. Longer stays can also give additional savings because VAT is reduced to 4% after 28 nights.
- Location
They can be found in every large city throughout the world. Serviced apartments can suit the needs of various consumers due to their location in the center of major tourist areas as well as important business areas!
- Security
Serviced apartments are, by definition, private, self-contained accommodations. Furthermore, they are outfitted with 24-hour CCTV, secure entry, and often around-the-clock security personnel.
- Meeting Rooms
You can use the space in your flat for small business meetings around the dining table. Some service providers have had additional conference rooms or may help you arrange external space if needed.
FAQs
What should I look for in a serviced apartment?
Before you book your next stay in serviced housing, consider the following 5 characteristics of a serviced apartment:
- Location
- Welcome and orientation kits/packs
- Contracts with local service providers
- Kitchen utensils
- Mattresses of exceptional quality
How long can you live in a service apartment?
The apartments are ideal for lengthy visits, which typically last at least a year. Serviced apartments, on the other hand, are residences in commercial structures that are always supplied. They may be utilized for both short- and long-term stays.
Who uses serviced apartments?
Long-term employees are in need of short-term and long-term housing while they look for a place to either rent or buy. commuters who travel regularly and others who are on extended business trips.
5 Tips for Choosing The Perfect Serviced Apartment
- Budget
Consider your budget and manage your expenses to avoid unpleasant surprises during your stay. It’s important to know that, in addition to your monthly rental, you’ll probably have to pay a refundable deposit, and some services may have additional fees.
- Service
Some serviced apartments include a wide range of extras that go beyond typical cleaning and laundry services. Car rental, gym membership, and beauty and wellness treatments are just a few of the optional extras available.
- Customer feedback
Reviewing client comments is a terrific approach to receiving an honest and unbiased description of what each serviced apartment is like to stay in. Using trustworthy sites like Trip Advisor gives you information not only about the place you’re staying.
Conclusion
Serviced apartments are becoming popular among business people and visitors. They appear to be ideal for those who intend to stay for an extended period of time in order to save money on food and washing
In the future, India may see a surge in the number of service apartment operators. Some owners desire to build furnished offices or even lands to meet the needs of the new generation of remote employees. So please contact us as soon as possible.