Short-Term Housing During Renovations

Short-term serviced apartments

Advantages

Move-In Ready with Full Amenities

Serviced apartments come fully furnished with essential furniture, appliances, bedding, Wi-Fi, utilities, cleaning services, and even access to amenities like gyms. Everything is prepared in advance, so tenants only need to bring personal belongings, making the moving process stress-free.

Flexible Short-Term Leases

Short-term leases are typically calculated weekly or monthly, offering flexibility that is ideal for temporary housing needs. Unlike traditional rentals that require long-term commitments, serviced apartments allow for quick lease extensions or even switching to another unit when necessary.

Prime Locations

Many serviced apartments are situated in central areas or well-connected locations, making daily commutes and errands more convenient, saving tenants valuable time.

All-Inclusive Rent for Hassle-Free Living

The rent for serviced apartments often includes utilities, internet, and cleaning services, saving tenants from dealing with multiple bills and administrative tasks. This convenience reduces both time and effort.

Disadvantages

Higher Rent

Serviced apartments typically cost more than traditional rentals, particularly in high-demand areas or prime locations.

Limited Availability

The supply of serviced apartments in the short-term rental market is relatively limited, especially for families who require larger units or have specific needs.

Restrictions on Bringing Furniture

If you’re relocating due to home renovations, larger furniture pieces may need to be stored in a mini storage unit, as serviced apartments usually only accommodate personal essentials.

Traditional Rentals

Traditional rentals remain a top choice for many, particularly for tenants who plan to stay long-term. With lower costs, larger spaces, and greater freedom for personalization, traditional rentals are ideal for those on a budget or seeking stable living arrangements.

Advantages

Lower Costs

Monthly rent for traditional rentals is generally lower than that of serviced apartments. Even when factoring in the cost of purchasing furniture, the overall expenses tend to be more economical.

More Space and Options

Traditional rentals offer a wider variety of units, from spacious family homes to properties in specific locations, allowing tenants to find one that meets their needs.

Personalized Interiors

Tenants have the freedom to decorate and arrange their rental space as they wish, creating a personalized living environment that truly feels like home. During home renovations, tenants can even temporarily move in with existing furniture.

Disadvantages

Less Flexible Leases

Traditional rentals often require lease terms of six months to a year, making them less suitable for short-term tenants or those seeking flexibility.

Managing Daily Responsibilities

Traditional rentals are typically "bare units," meaning tenants must purchase their own furniture, set up utilities, and handle monthly bills. This process can be time-consuming and tedious.

Higher Initial Costs

Traditional rentals usually require a two-month security deposit and one month’s rent upfront, making the initial financial commitment relatively high, which may not be practical for short-term tenants.