Serviced Accommodation: What Are They And Who Do They Benefit?

What is Serviced Accommodation?
Serviced accommodation (short-let or SA) is a fully furnished property that is available for both short-term and long-term stays. Serviced Accommodations are three times larger than a hotel room, furnished and with a fully equipped kitchen. Eating out and ordering room service while travelling is expensive. Serviced Accommodations have a fully equipped kitchen and a dining table where you can enjoy your meal. This type of accommodation acts as “home away from home” and offers hotel facilities but better.

Who uses Serviced Accommodation?
There are many reasons why someone may prefer to take on a short-term Serviced Accommodation rather than commit to something longer. Some may be in the area for a few months because of work commitments, while others may require somewhere to live whilst waiting for a property purchase to complete or for holiday rentals.

Another growing trend is people taking out short-term rentals for holiday rentals. Renting a property for the duration of the holiday is an ideal solution and far cheaper than putting the family up in a hotel.

On the subject of hotels, tourism is also playing a part in this sector of the property market these days. Anyone visiting for longer than a fortnight will probably be financially better off with a Serviced Accommodation rather than staying in a hotel. So, in expensive cities, Serviced Accommodation can often provide the perfect solution.

What are the benefits of Serviced Accommodation?
Serviced Accommodation offers tenants a greater degree of privacy and space when compared to most hotels, and you’ll also feel more at home than when you stay in a hotel room. These are important factors, especially for those who may be looking for a place to entertain family, friends, and work colleagues, as well as having somewhere to stay.

Other important factors to consider is flexibility for the guests’ choice of contract length and cost-effectiveness because Serviced Accommodation is more economical than a hotel.

1. Spaciousness

There’s nothing worse than arriving at your booked accommodation after a long flight or road trip to find that you’re stuck with a cramped shoebox of a room. Serviced accommodations provide generous living space with room to rest. On average, serviced accommodation is three times larger than a hotel guest room, so this makes them an ideal solution for travelling with others, particularly children.

Serviced accommodations also include a fully-equipped kitchen, living room, and bedroom area. This can either be all in the same studio space or one or two-bedroom accommodations. This makes travelling convenient for those wanting to continue cooking meals or saving money on food while away on a business trip or holiday.

2. Cost-effective

You don’t have to downgrade to 2 stars to make your trip affordable. Serviced accommodations give you luxury accommodation without the hefty hotel price tag. Not only will you have comfortable and stylish accommodation at an affordable price, but you can save by cooking all your meals in the fully equipped kitchen and storing groceries in your accommodation’s fridge. Eliminating or cutting down on the meals you eat out will make a huge difference to your budget.

3. That “home away from home” feeling

Many people choose serviced accommodations because they have that “home away from home” feeling. Instead of a cold, unfriendly hotel room, you’ll have a large accommodating room with comfortable furniture and a relaxed atmosphere. You’ll no longer feel a sense of being homesick if you stay in a serviced accommodation. Instead, you’ll feel like you’re staying at your new (temporary) home, which is only going to give you more time to relax while on a business trip or holiday.

The added privacy of serviced accommodations will give you comfort as you unwind. Having all your amenities and eating needs taken care of in one well-thought-out space will give you peace of mind as you don’t have to worry about sharing cooking or washing spaces as in hostels.

4. The best of housekeeping

Staying at home you often have the hassles of cleaning up after yourself every day so that you’re not living in filth. Many opt for a hotel room as they want to have some service while out for the day, such as the bed being made, and having some fresh towels. Some hotels won’t even provide this service unless you’re staying for a specific period set by them. A serviced accommodations, however, means that you can stay in the comfort and luxury of a “home away from home”, plus have the added benefits of great housekeeping services. Cleaning and a daily linen and towel service are often standard with serviced accommodations, so you needn’t lift a finger during your stay.

5. Great for business or pleasure

Whether you’re looking for somewhere to stay with the whole family, or somewhere to stay while on a business trip, you can’t go past the convenience of a serviced accommodation. Business people travelling through cities will sometimes want somewhere to stay that doesn’t feel like a lonely hotel room. The serviced accommodation also works for those needing to undertake conference calls and business meetings online or on the phone. With all the amenities needed to do your work in comfort, serviced accommodation is a great option for those travelling on business.

What about Landlords?
With all these benefits for tenants, what do landlords get out of offering Serviced Accommodation? Well, some landlords may be in a similar position to the tenants they are hoping to attract – they simply want a short-term solution.

We believe that SA is a good investment option for you, and we will tell you why. So… What are the benefits of Serviced Accommodation?

• Serviced Accommodation works in most locations, not just holiday tourist locations.
  
  SA does not work only as a holiday let, but also as a place companies go to when they prefer letting overpaying for a hotel. So, if you are worried that your SA will only work in a holiday tourist location, rest assured most locations need this type of catering accommodation.

• Passive Income.
  
  Perhaps the most significant benefit to owning rental property is that it’s a passive income. This means that it is recurring income that requires relatively little effort to maintain. It can be an attractive option for people looking to make some money on the side.

• Greater Security.
  
  It’s hard always to keep an eye on a home you aren’t living in. Renting the property out to tenants can give you greater peace of mind that the house is being maintained and watched after.

• Property Value Appreciation.
  
  Renting out your property now allows you to hold onto your property in case it appreciates, giving you the option to sell when the time is right.
  
  If you are interested in finding a Serviced Accommodation in the United Kingdom, or if you are a landlord looking to put your property on the market for a short period, give us a call. Our expert property management team is always happy to offer any advice you may need.
  
  Firoz Property Management – 01252988517 or hello@firozpropertymanagement.co.uk