Extended Stay Serviced Apartments VS. Property Rentals in – Which is the Best Option For Your Long Term Stay in Central London
So, the time has come when you’re really starting to think seriously about temporarily relocating to Central London. It could be that you’re moving to oversee a big business project, to be closer to a friend or loved one in their time of need, or even just to give London life a trial run before making the move permanently.
Either way, the question of where you’re going to live is likely at the forefront of your thoughts right now, and not without good reason. After all, wherever you pick is going to be your home away from home for the next few months, so naturally it pays to give it some serious thought.
It’s not just a question of location either. Perhaps more importantly, the bigger question should be what kind of accommodation you’re going to opt for. Do you go all out with hitting up the letting agents and renting your own property, or take the option picked by increasing numbers of business travellers; extended stay serviced apartments.
Can’t make your mind up? Below, we’ve weighed up all the pros and cons of both serviced apartments and property rentals to help you make that critical decision about your upcoming long term stay in Central London.
If this were anywhere else in the UK, the cost factor would likely be a no brainer. Score one to the property rental market, right? Anywhere else, sure, but let’s not forget that property prices in Central London are among the most expensive in the country. Meanwhile, the typical cost of renting a serviced apartment in the city is usually reduced for extended stays.
So far, this puts both options on a relatively even keel, but the per-month price of keeping a roof over your head during your stay isn’t the only factor you need to look at when considering the true cost of your temporary relocation.
Given the nature of your stay, you’re unlikely to be loading up the removal van and bringing everything you own with you, so a fully furnished property is the way to go. Go through a letting agent, and this can add anywhere from one to several hundred pounds to the cost of your rental. Opt for a London extended stay apartment, and all your furniture and appliances are included in the price, which brings us nicely on to our next point.
Included Amenities and Utilities
Though it’s not impossible, it is rare to rent a home that comes with all your utilities included in the price. Again, if you’re considering taking that route, add the cost of gas, electricity, phone and WiFi bills into the price, and don’t forget things like TV licenses and property taxes into the bargain.
So far, so expensive. Now compare this to an extended stay apartment, where all of the above are factored into the price. More often than not, you’ll also find that most London serviced apartments also include at least a weekly housekeeping service and concierge service, again providing more value for your money.
Costs aside, there’s a few other key areas where extended service apartments in Central London offer a better arrangement than renting a home through a letting agent, flexibility being perhaps the biggest one of all.
The majority of tenancy agreements run for at least a minimum of six months, perhaps tying you in for longer than you may be planning to stay. Meanwhile, corporate accommodation and long-stay apartments offer a much greater flexibility and the freedom to choose the length of your stay.
If you’ve ever rented a property before, you don’t need us to tell you what a hassle it can be. Finding the right property is usually the easy bit, then comes the deposit scheme, the credit checks, the administration fees and tenancy agreements. That’s not to mention the chore of getting the landlord out to fix any problems that may occur during your stay.
Now compare this with booking a serviced apartment, were not only are the concierge service typically on the ball when it comes to handling any issues that may arise, but were getting the keys for your new temporary home is often no more difficult than choosing an apartment you like, making the booking, and turning up on check-in day.
Making it Your Own
Finally, let’s give credit where it’s due to property rentals. Within reason, you do have a greater amount of freedom to really make your temporary home feel like just that home. Most landlords are fine with a little decorating and with hanging pictures to add a personal touch that is often much needed, especially if you’re away from your loved ones for any length of time.
If this is a big factor in your decision, then getting in touch with the letting agents might be the best possible move for you. If flexibility and value for money are more likely to be critical factors, extended stay apartments like those provided throughout Central London by Smart City Apartments should be next on your list when it comes to choosing your home away from home.