Short-term rental: advantages of short-term rentals
Posted by LauraDerbyshire on May 21st, 2020
For most people, the idea of having a home of their own is long term. However, short-term housing may be more beneficial in some situations. Getting short-term rentals can be more difficult than buying a home directly, but there are such advantages.
The reasons why someone might choose to stay in a Makati condo or Makati apartment strictly for the short term can vary. Others are renovating or spraying their habitual residence, which can take time. Others simply stay in one area for a limited period, but require more space and amenities than a hotel room could provide. Another possibility is relocation due to corporate structuring. Regardless of the reasons, those looking for good short-term rentals enjoy some benefits due to their situation.
In most cases, these spaces are fully furnished and independent. They will have more than just basic amenities. Basic utilities are covered in most agreements, although it is advisable to check the terms to be sure. Short-term apartments may also have Internet connection if the building is intended for traveling businessmen. In cases where things like phone, cable TV and internet connections are not included, it is possible to negotiate for airbnb.
One of the main benefits of short-term rental is that they generally do not need to involve a real estate agent or attorney. They are similar to a hotel or apartment in that sense. There are no complicated real estate terms to be understood or legalities to be discussed. This can save people money if they do not want to stay in a Makati apartment for more than three to six months. However, some would recommend having a real estate agent available if the need arises to discuss an extension of stay.
Cost is also seen as one of the advantages for many who use short-term leasing. An apartment with a functional kitchen, rented on short notice, will cost significantly less than the equivalent of a hotel room. Cooking your own food is much cheaper compared to using restaurants or hotel room service.
Rental rates can also be more variable. Short term apartments can be rented monthly, but it is also possible to negotiate a weekly rate if the stay will not be as long. Terms would depend on the building manager, but a rate adjusted to best match the length of stay can reduce unnecessary expenses.
There are cases where a short-term arrangement may be more appropriate or beneficial for a person. Short-term rentals can be hard to find, but they offer a number of benefits that you don't get from a hotel room. For those who travel frequently and only stay in one area for a limited time, short-term living arrangements are much more practical.Also See: Short Term, Term Rentals, Hotel Room, Real Estate, Term, Short, Stay
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