When your life is changing faster than you can keep up with, or your job or life requires you to do a lot of moving around, it can be difficult finding a place to stay. Many people in housing limbo crash on a friend’s couch, try and squeeze in with family members, or shell out big bucks for a hotel. However, while these solutions work for a night or two, they aren’t as feasible over weeks or months.
Short-term furnished apartment rental is a relatively recent trend in real estate. It is precisely what it sounds like: renting a furnished apartment for a short period of time, usually on a weekly or monthly basis. It can make a great stepping stone or temporary solution. If you’re in any of the following situations, short-term furnished apartment rental might be the comfortable and convenient choice for you:
You’re Moving
If you’re waiting to move into an unfinished property, just put your house up for sale, or are searching for a new apartment after the end of your previous lease, short-term furnished apartment rental is a perfect option for you.
All your stuff can stay in storage, and all you’ll need is a few suitcases to live comfortably in-between properties. If you have kids or pets, it can be hard to accommodate them at a hotel or in someone’s guest room, especially if they’re already antsy or stressed due to the upcoming move. Eliminate the scramble to find a place and keep everyone calm and comfortable by leasing a move-in-ready, short-term apartment rental.
You’re On Vacation
Hotel managers and vacation home rental companies know their market is tourists, especially in big cities, coastal towns, and scenic locales. Often you pay a premium at hotels or motels on vacation because hotel companies (and even individuals who rent out their vacation homes) know you don’t have many other options. Until now!
You don’t have to get stuck paying crazy prices for a “waterfront” hotel that overlooks the nearest dingy parking lot. Furnished apartments are ideal for vacation rentals because the spaces get rented out to working professionals and vacationing families alike. Because the pricing is consistent and competitive, you don’t have to worry you’re getting ripped off by someone taking advantage of out-of-towners.
You’re In Town for Business
The next time your company has a business trip coming up, consider short-term furnished apartment rental instead of booking a week at a hotel. You’ll have access to amenities you don’t get in a hotel room, such as a washer/dryer, kitchen, full-size refrigerator, and other creature comforts that make you feel more at home.
You’re Remodeling
If you’re happy with where you live and have no plans to sell or move out, you’re still going to need remodeling work done eventually, especially if your property is older. Whatever the remodeling involves, from your HVAC system to your shingles, it might not be ideal for you or your family to be home during the construction. Especially since so many Americans are still working from home, construction can be disruptive, impractical, or even impossible to fit into your daily schedule. If this is the case for you, consider a short-term rental arrangement so you and your family can let the transformation happen out of sight and out of mind. You can even save on your utility bills!
You Move for Work
Some jobs such as contract positions and military duty involve moving cross-country with little notice. Unless you have friends and family in every state ready to host you for months at a time, it can be tough finding a place to stay. Most landlords want tenants to sign lease terms that confirm some sort of long-term lease. Leaving just a few weeks before a year lease is up counts as a violation of many lease agreements, meaning you can end up paying double or even triple your rent that month.
If you’re renting from a traditional landlord and you aren’t going to stay in one place for a long period of time, you might end up trying to negotiate a month-to-month lease. However, many landlords don’t allow it or charge tenants higher rent on month-to-month payments — not to mention, if you sign a month-to-month rental agreement, in many cases, your landlord only has to give you 30 days’ notice if they intend to increase your rent. For people on a strict budget or living paycheck to paycheck, an unexpected increase in rent can be catastrophic.
This common dilemma is a big reason why many Americans are turning to temporary housing solutions. Property groups offering short-term furnished apartment rental properties understand the complications involved with short-term military or corporate housing. Because short-term rentals are the norm rather than a special exception, you don’t need to worry about explaining your situation or negotiating your rent with a landlord who prefers tenants to rent long-term.
Are you thinking about leasing short-term for work? Read up on what to do before moving into short-term corporate housing.
You’re Testing the Waters
Maybe you’ve just started at a new job, and the commute is hours long, but you don’t want to commit to moving to the big city just yet. Perhaps you’re considering downsizing your home or apartment. Or maybe you’re retired and thinking about moving somewhere you’ve always wanted to live. All of these scenarios have one thing in common: risk.
What if you don’t like your new job and end up job hunting in the city while your rent increases? What if downsizing doesn’t wind up being a good choice, and now your family lives practically on top of one another? Or what if you miss your loved ones after retiring five states away? These and other worries often prohibit people from signing a long-term lease agreement in a new location. This is another time when short-term furnished apartment rental comes in handy.
A short-term lease can be an awesome way to “test the waters.” Having the experience of living where you want to, combined with the flexibility of renting by the month, the week, or even the day, is a great way to make up your mind.
Give Us a Call!
We recognize that everyone is different; no two housing situations are alike. There are pros and cons to short-term furnished apartment rental. Regardless, the pros outweigh the cons for many people who rent with us. Consider looking into short-term furnished apartment rental if you’re tired of splurging on hotels or trying to negotiate with a picky landlord.
Always wanted to move to the big city? Check out our short-term apartment rentals in Philadelphia or New York City! Traveling for work soon, or about to sign a new employment contract? Read about our corporate housing options for professionals.
Renaissance Properties wants to help you find a place to call home, whether it’s for a few months, weeks, or even just a day. Contact us today!