The real estate market, more or less, remained the same for many decades not. But slowly and steadily it is involving with time. Technology and trends are starting to show its effects on it. And one the big change is the rise of more short-term rental stays in major cities of the world.
These rentals were always there. Used by business travelers or long-term tourists, these short-term rentals can provide flexibility and features that most traditional style rental models cannot provide.
While there are some disadvantages of this stay model, the pros outway the cons by a large margin. The only requirement is a proper setup and planning.
Here are the 4 reasons why short-term rentals are worth considering –
It is Flexible
The major benefit that short-term rentals bring is the flexible approach. You can stay there for a day or even 6 months. The renting period is lenient. There are no penalties or fees attached, making it convenient for the renter to get away.
They also offer flexible condition in terms of privacy and space. If you are spending the time as a group then this flexibility cannot be matched by a regular hotel.
These are Well Maintained
Most of the short-term rental models are dependent on visitor reviews. Start getting bad reviews and you can forget about further bookings. To woo the guests to leave positive reviews, the property managers generally perform maintenance runs and other repairs after every visit. As the visitors are regular therefore the rental remains properly maintained.
Usually Comes Fully Furnished
No one moves complete full furniture sets for a 1-week stay. So these rentals usually come fully furnished. These short-term furnished stays are a god sent for people who want to enjoy a home-like experience for the time they spend in the rental. Having all the amenities by your side allows you to focus more on work and enjoy your stay.
And there’s more than the basic amenities. You get internet access, cooking ware and other facilities like laundry and food.
Yes, the cost may seem high at the beginning. But once you look at the bigger picture, it all makes sense. Think about all the features and amenities, flexibility, furnishings and lack of additional cancellation fees and you will start to see where the cost comes from. To get a hotel room on a nightly basis with a similar set of features will cost you a bomb.
And if you want to compare these to traditional rental homes then you can save a lot of costs on maintenance, electricity and utility charges, taxes, high-quality amenities. The daily or weekly rent is all you pay them.