Michael Jankowski. Interior. January 22nd , 2018.
You can choose your desired location; you can choose one near your office or you can book one that is near famous landmarks and interesting places if you are a vacationer. You can have a single bedroom apartment for rent or a three bedroom apartment if you travel by groups. Based on these reasons, it is not surprising that in days to come, serviced apartments will be the preferred choice when it comes to accommodations.
And because your tenants do not need to furnish the property and bring in big furniture, they are less likely to damage the walls of your property. But along with the advantages, prospective investors should also know what the disadvantages of furnished apartments are. Furnishing an apartment means that you will need to invest a sizeable amount of money from the onset. And that investment will not be a one-time thing. Over time, you may need to replace a few pieces inside the apartment.
Just like a loan from a bank, you must have a pretty decent credit score if you want to get approved for most apartments. Without that score, youll have to fork up the cash to pay for the apartment, get someone credit worthy (and often a property owner) to co-sign, or youll have to look elsewhere. Looking elsewhere is the only option for most people with bad credit.
Travelling in groups is never more fun. The downside of using hotel rooms is the fact that there are limited number of occupants allowed per room. With serviced apartments, your group can stay in one place; thus, there is no need to knock on many doors just to meet and talk with them. Serviced apartments or furnished suites also have living rooms where you can stay and spend time away with your group.
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