If you are considering investing in property, there are many reasons to consider putting your money into a serviced apartment. Typically, serviced apartments are high-quality, individual units boasting one, two or three bedrooms, complete with fully-equipped kitchens and living areas. They are called serviced apartments as they usually offer the same benefits of staying at a hotel, such as a daily maid service, 24-hour reception/concierge, and access to on-site facilities such as restaurants, bars, gyms, pools and more. We’ll take a look at the benefits of investing in a serviced apartment over alternative buy-to-let opportunities.
#1. Hotels are Losing Popularity:
Hotels are no longer the default choice for many business and leisure travellers. Technology has certainly changed the way in which we travel and explore, thanks to apps such as AirBnb, which have opened up a wide range of options to suit all lifestyles, tastes and budgets. This has significantly changed expectations around the world when it comes to travel accommodation; the internet has become a huge forum for travellers to share both their good and bad accommodation experiences. And, more and more people are feeling restricted by the traditional hotel set-up; most traditional hotel rooms cannot accommodate large families and groups or provide the ‘home-from-home’ feel that a serviced apartment can.
#2. They’re Gaining Popularity:
With travel accommodation expectations changing, it’s no surprise that serviced apartments are gaining popularity around the world, making them one of the best property investments to consider. Dream Apartments, for example, offer a wide range of accommodation options suitable for singles, couples, families and groups – and it’s not just leisure travellers who are becoming more likely to stay in an apartment. They are also becoming a top choice for business travellers, who can benefit from the reduced costs, additional facilities, and increased space to work and hold meetings.
#3. They’re Family-Friendly:
A serviced apartment is an ideal base for a family holiday – one of the many reasons why they are a popular choice with parents. Whether it’s a city, countryside or beach stay, families staying in a serviced apartment don’t have to deal with the stress of finding a hotel with adjoining rooms or even splitting up parents into separate rooms so that somebody is there with the kids. And, families have all the space that they need to settle in during their stay, with comfortable living areas and entertainment options that everyone can enjoy. Fully-equipped kitchens mean that families can save money on eating out, too.
#4. There’s Less Risk:
Last but not least, it’s important to consider the amount of risk involved with investing in a buy-to-let property. Unlike traditional long-term tenancies where you may find there has been damage to the property that’s been left unchecked, owners have more control over checking serviced apartments, with the option to inspect the property more regularly. Serviced apartment property management companies are responsible for keeping your apartment in top condition for travellers, so you can rest assured that any issues will be taken care of swiftly.
Would you consider investing in a serviced apartment? With several benefits to enjoy, it’s a great alternative to your traditional buy-to-let.