5 Reasons Why Serviced Apartments are Favorite Amongst the Youth

Serviced apartments are one of the most favored accommodation options these days. These housing options are meant to be for temporary stays and are mostly preferred by expatriates in a particular. Over the years, hotels and guest houses were the housing options that were flocked by people who visited a city for a short duration of time. However, the real estate domain took a turn and brought in an idea of serviced apartments. These apartments have all the facilities managed within a small area; kitchen, bedroom and living areas all laid in a strategic manner.

 

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There are reasons that make serviced apartments, a favorite amongst the youth:

1.   More Space, Less Clutter

A serviced apartment is often compared to a plush hotel room but the former is a little more advantageous here. The apartments are well-laid in terms of structure and designs, which set it class apart from rest of the options meant for temporary stay. An individual, who is new to a city for work or for some urgent work that runs for a set duration, can easily consider serviced apartments. The hotel rooms have fewer amenities and thus are not successful to provide all the comforts to the dwellers.

2.   The Number of Occupants

Once the individual starts living in a serviced apartment for a given time, the place becomes equivalent to his/her permanent home. A hotel room can have a given number of occupants and anything more than that asks for extra bucks. This is something not linked to the similarly positioned serviced flats. Though temporary, but a serviced apartment can be treated like one’s home and thus can accommodate the whole family without any constraints.

3.   The ‘Home-Like’ Ambience

On a trip or professional assignment tagged for shorter time duration, an individual can experience a feel-like-home atmosphere in a serviced apartment. Unlike hotel rooms, where the amenities and choices have restrictions set on them, serviced apartments have all the amenities, facilities and rooms exactly like that of a home. Moreover, the individual who is living in the apartment can choose the location as per the personal demand as well.

4.   Adds the ‘Chic’ Factor to Lifestyle

Serviced apartments are gradually gaining popularity amongst the youth and new generation professionals who roam about places for work. The young renters and buyers have dynamic demands and look out for place that not only gives them shelter but appears to be an extension of their personality. It is for this reason that these housing options are popular in cities with high youth migration rate, for instance, serviced apartments in Bangalore and cities in same vein like Mumbai and Pune have gained huge popularity in the recent years.

5.   The Price Factor

An individual would have to bear more expenses if he chooses to stay in a hotel room rather than an apartment; rather serviced apartment. For the same area, an inhabitant would have to pay less for a serviced flat with all the amenities. Moreover, if the individual chooses to stay in a hotel room then not only he will have to pay extra for his extended stay but also have the bear the expenses for requested amenities that are not there initially. A serviced apartment is usually built across an area of 400-450 square feet and would a lot cheaper than a hotel room or even an extended stay in the same.

Indian real estate domain has taken a new turn with the advent of serviced apartment. The millennium witnessed a growing number of young buyers and serviced apartments are something that has boosted the numbers to even a high number.

Author Bio

Vineeta Tiwari is a keen writer on Global Economy and Realty market. She has written articles on Global realty market and ongoing trends and tips for investors. An ardent reader, she is happy to pen down research based write-ups for global audience. Currently, she is professionally associated with popular realty portal, 99acres.com.