InvestingFurnished Apartments Tender More Than a Hotel
Executives who are relocating offices or staff who manage interstate or international projects look for short term rentals at furnished apartments. High rising hotel costs weigh heavy on the company’s budget and there is increased pressure on businesses to cut down their budget allocations due to present economic factors. These factors have an affect the corporate relocations and housing market.
What are short term rentals? These properties are fully furnished and contain all aspects for essential living. The utilities costs are generally included in the short term rentals rate; unless specified by the real estate agent or property manager. The short term rentals utilities included in this rate are; gas, electricity and water. But the telephone calls, internet or the cable TV are considered extras and may come with a price tag. You have to ensure that you try to get the best deal from the property manager which includes the utilities and some extra frills.
Furnished apartments can help in cost cutting measures, as they offer a reduction of almost 30-40% on the costs of an extended stay in comparison to a hotel room. Fully furnished apartments can be found in many locations and in various forms; whether you want a furnished apartment in a suburban neighborhood with a garden or a penthouse in the middle of the metropolis, short term rentals will provide you with all the comforts of a home.
The furnished apartments have a flexible environment. You can invite guests around, hold important meetings, call friends and hold parties. The apartments have the benefit of twice the space of a hotel room at prices which are much lower. When you are on a lookout for short term rentals you will see that these are typically offered from seven nights to 3 months. In case of stays three to six months these are categorized as a medium term stay.
A minimum six months stay is applied for long term accommodation. Normally a lease is required in these situations depending on the furnished apartments premises you select. Most of the real estate agents prefer to tender long term accommodations, however there are some agents who specialize in short term rentals. They offer fully furnished apartments and fully furnished homes for short rental purposes.
Short term rentals of furnished apartments are fine if you are certain of the duration of your stay. If you think that it is likely that your stay may be extend, then incorporate the “right to extend” in your lease agreement. You may be required to pay a penalty fee in case you choose to terminate the long term fixed contract early and the serviced apartments are seldom more compliant for extensions as compared to the short term rentals.
Fully furnished apartments are an ideal alternative to hotel stays. The convenience, luxury and the comfort of a fully furnished corporate apartment is an experience to delve in.