A fully furnished apartment, available for both short-term and long-term stays, rendering conveniences for daily use, housekeeping and a range of other services, all enclosed within the rental price, is what a service apartment means. You may be thinking: “Sounds a lot like a hotel.” But no, they are two very different things. What exactly is the difference between a hotel and a serviced apartment, you ask? What is a service apartment in the first place? Worry not, as we’ve covered that too.
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Suppose you want to work in real estate. In that case, it may be an excellent idea to increase your portfolio and dabble in and invest in service apartments or serviced accommodation as it is an investment, and you keep earning off it. Plus, it is a property in your name. Don’t forget to undertake due diligence of the project before agreeing on the deal, though.
What are Serviced Apartments?
Similar to a Traditional hotel, a serviced apartment offers a short or long-stay facility for its clients. The difference usually comes down to the size, cost and services offered. A serviced apartment might have the dimensions and structures of a home, as opposed to that of a hotel.
Serviced Apartments are a Space to Relax!
Compared to a hotel room, fully serviced apartments or serviced accommodation offers more space to live in and relax. For more extended stay business guests who choose to stay in a serviced apartment, ensure a secure, spacious base where they can reside and work.
Hotels and Serviced Apartments, What’s The Difference?
With facilities offered much like a traditional hotel but with added space, convenience and privacy like home, one can enjoy living like a local when travelling – and usually at a much lower cost in serviced apartments meaning, service apartments might be a better option for you.
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With no separate category, whilst booking an apartment, they are mostly just labelled as “apartments” and are offered as another option alongside regular hotel rooms; most online booking sites have long offered serviced apartments.
Staying in a hotel would not be the ideal choice for you if you plan to go to another country or city for an extended period. A long-term stay in a hotel would not be economical even if it provides comfort. Serviced apartments are not just economical, but they also offer amenities that can be better than some hotels. Antecedently, these apartments only provide essential services such as housekeeping and security. However, to meet the customer’s changing needs, pools, saunas, parking, gyms and fitness centres, and other amenities can now be found in serviced apartments.
Amenities At Serviced Apartments Include
You will find that most serviced apartments come with almost everything you may need on a daily basis. This included an equipped kitchen, separate bedrooms, drawing rooms, washing machines wi-fi, water supply, electricity & power backup, housekeeping and more.
10 Reasons Why Staying in a Serviced Apartment Can Be a Good Thing
So why choose a serviced apartment in the first place? Here are 10 reasons why we think staying in a serviced apartment can be beneficial:
- Concierge services: Most serviced apartments come with 24×7 concierge service, that not only assists guests like hotels to do, but also comes with a plethora of local knowledge including local cuisine, transportation tips, room deliveries and more.
- Comforts of home: Staying in a serviced apartment can feel like being in a comfortable home as unlike hotels within the same cost, you get separate living rooms and bedrooms, as well as all kinds of entertainment facilities.
- Fully-functional kitchen: Better for long stays, you can use a serviced apartment with its fully equipped kitchen space – complete with everything from the dishwasher, and refrigerator, to washer/dryer and more. Furthermore, you can also request the concierge for a meal from a private chef, just for you.
- Customised stay: From special requests to guidance from concierge services, a serviced apartment’s staying experience can really be moulded as per your needs.
- Privacy of space: For everything that you need to do – from entertainment, hosting guests, organising a dinner party and more, you can be assured that serviced apartments offer the necessary privacy.
- Cost-efficacy: Compared to hotels, serviced apartments offer similar services and levels of luxury at a much lower cost.
- Safety: Not only security of stay, you can also be assured that serviced apartments have to follow mandatory sanitary and safety guidelines such as the COVID-19 rules, including sanitization and handling of guest luggage.
- Room service: By now you may have understood that serviced apartments come with regular housekeeping services, ensuring that your room is always spick and span.
- Fully-furnished: Similar to hotels you can be assured of serviced apartments being completely furnished for all your needs.
- Spacious: Compared to hotels, serviced apartments come with more space. This is why it is also sought after mostly by long-staying business travellers and vacationers.
Serviced Apartments are Your Home away from Home
Prepare your meals in your kitchen, finish up work in the living room, spin your clothes in the washing machine and then lay back and watch Netflix in your bedroom. The advantages of a serviced apartment to traditional hotels in a nutshell:
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- A serviced apartment, this is more of a home, which has utilities enabling more freedom with the comfort of a homely vibe.
- A serviced apartment has more square meters than a traditional hotel room, including sports equipment.
- A serviced apartment is considerably cheaper than a hotel room when staying for an extended period. Because of the fact that the actual cost of the apartment is lower than a hotel room, and also because you have the possibility to cook for yourself and not have to eat out.
- A serviced apartment shows the culture of a specific area. It gives insight into what a regular apartment looks like, thus providing a more comprehensive immersion into the region’s culture.
What is a Serviced Apartment /Serviced Accommodation?
Serviced apartments are self-contained apartments available to rent from as little as one night or for over a year – literally whatever dates you require. They are 100% professionally run apartments, which means that the high standards of business travellers are met.
Hotels are ideal for a few nights, and long-term rental contracts being the most cost-effective for a guaranteed 1–2-year stay is the best way to look at it. A hotel is the best bet for a short visit, but a service apartment is your best bet for a long one.
No big contracts, no hefty deposits. Well, a serviced apartment may also be known as an ‘aparthotel’, apartments within a specific building in the housing complex with all the aforenamed amenities. Remember this, a service apartment is your best bet for an extended stay or a long visit, and you may cut it short at any time. Most people also call it ‘corporate housing’ because it is available on lease for a temporary period. In the Pandemic world where there is a new normal for everything, service apartments are essential as they ensure a sanitary stay wherever you go.
If you are looking for an apartment to turn into a serviced apartment, or just looking for an apartment to call ‘home’ why not start your search on NoBroker? Clcik the link below to start your search for homes in any locality and for any budget.
FAQ’S
Q1. What does a serviced apartment mean?
ans. Serviced apartments are self-contained apartments available to rent for as little time as one night or over a year.
Q2. How do service apartments function?
Ans. A serviced apartment is a furnished unit mostly available for short-term or long-term stays. The property’s furnishing, maintenance, and upkeep are also looked after by the owner (a co-operation).
Q3. Is it suitable to live in service apartments?
Ans. Usually, the property will be commercially zoned, so you can’t do that. You would perhaps be able to manage the short-term rental of the property directly but, you still won’t be able to dwell there full time.
Q4. What is included in a service apartment?
Ans. When you live in a serviced apartment, you can generally expect a fully equipped kitchen. This usually includes both an in-studio dishwasher and a washing machine. One or more separate bedrooms, or in-studio apartments or a designated sleeping area, a living area, a bathroom latest in-room technology along with TV and WIFI all utilities included, i.e. water & electricity.
Q5. Are serviced apartments furnished?
Ans. Yes, all serviced apartments are furnished, so they are sought-after by vacationers, business travellers, students and researchers who shuttle from one location to another.
