In our last blog, we looked at how much it costs to rent a short-term property versus renting one long-term. The surprising finding was that once you take all the moving costs, the expense of furnishing an apartment and the bills into account, it's cheaper to rent on a short-term contract than a long-term one (not to mention all the time you save not having to deal with energy suppliers, researching everything you need to buy, staying in for things to be delivered, waiting around for Virgin to set up your broadband...).
We compared two people sharing a two-bed serviced flat in West Bridgford for 6 months and our comparison showed that the short-term let worked out at £700 cheaper over that time. So we thought it would be interesting to do the same calculation but this time we'd compare staying with us in a short-term rental with staying in a hotel.
We compared two people sharing a two-bed serviced flat in West Bridgford for 6 months and our comparison showed that the short-term let worked out at £700 cheaper over that time. So we thought it would be interesting to do the same calculation but this time we'd compare staying with us in a short-term rental with staying in a hotel.
Who remembers Lost in Translation? It was a look at how impersonal and dehumanising staying in a hotel can be, something we talked about a while ago in this blog – Business Travel: From Dehumanising to Enriching – Are You Up For the Challenge? We don't mean to put a negative spin on hotels but having an apartment all to yourself or you and your partner is so much nicer, isn't it?
But is it more expensive?
But is it more expensive?
A quick search on trivago to stay in a hotel in Nottingham tonight came back with options ranging from £29 to £153. PWC's forecast for hotel prices outside London in 2017 predicted an average of £70/night. Nottingham's prices are a bit above average, the average in Nottingham was £64/night in 2014, and £71/night in 2015 (according to this report by The Daily Mail). So, why don't we work with a rate of £75 per night for a double room.
OK. So, let's work out how much that is for a month:
£75 x 30 nights = £2250
And for six months:
£2250 x 6 months = £13,500
How does that compare with renting a short-term apartment? Our special rate for lets of 3 months or more is £2000, which is:
£2000 x 6 months = £12,000
That's already a saving of £1500. But... with a rental you get two bedrooms. If you wanted to rent two rooms in a hotel your costs immediately doubles to £27,000. Wow.
The other benefits of short-term serviced apartment
Not only do you get two bedrooms, you get a living room, a fully-equipped kitchen, and a parking space as well. So you can cook your own meals, the kettle is a sensible size, you've got a Nespresso machine (not Nescafe instant). You can eat what you want when you want it. You can have midnight feasts, early morning smoothies, late morning brunches. Plus preparing your own food is so much cheaper and healthier than eating out all the time. And when you do want to go out you've got the many many gorgeous restaurants West Bridgford has to offer on your doorstep.
You also have space for your family to visit or stay, friends can come round too and you have enough chairs for everyone to sit down! You don't have to work at a tiny counter next to the TV amongst your possessions because that's the only flat surface, you can spread out across an entire table!
You've got free parking right outside – most hotels charge for parking these days, so that can add £5/day (or
£900 for six months) to your hotel bill. And you can come and go as you please. The cleaners come at a time to suit you, and you don't have to fit in with reception times or meal times.
OK. So, let's work out how much that is for a month:
£75 x 30 nights = £2250
And for six months:
£2250 x 6 months = £13,500
How does that compare with renting a short-term apartment? Our special rate for lets of 3 months or more is £2000, which is:
£2000 x 6 months = £12,000
That's already a saving of £1500. But... with a rental you get two bedrooms. If you wanted to rent two rooms in a hotel your costs immediately doubles to £27,000. Wow.
The other benefits of short-term serviced apartment
Not only do you get two bedrooms, you get a living room, a fully-equipped kitchen, and a parking space as well. So you can cook your own meals, the kettle is a sensible size, you've got a Nespresso machine (not Nescafe instant). You can eat what you want when you want it. You can have midnight feasts, early morning smoothies, late morning brunches. Plus preparing your own food is so much cheaper and healthier than eating out all the time. And when you do want to go out you've got the many many gorgeous restaurants West Bridgford has to offer on your doorstep.
You also have space for your family to visit or stay, friends can come round too and you have enough chairs for everyone to sit down! You don't have to work at a tiny counter next to the TV amongst your possessions because that's the only flat surface, you can spread out across an entire table!
You've got free parking right outside – most hotels charge for parking these days, so that can add £5/day (or
£900 for six months) to your hotel bill. And you can come and go as you please. The cleaners come at a time to suit you, and you don't have to fit in with reception times or meal times.
And then there are all the great things about West Bridgford.
We are happy to show you around the area when you get here and help you find your nearest pub, gym, school or church, it's all part of the service. Staying in a short-term rental is a brilliant way to get to know the area and decide where you want to live longer-term if you're relocating. West Bridgford has wonderful shops, cafes, gyms and restaurants, and the Farmers' Market of course. It's also right on the river and all the nearby activities – walking, cycling, rowing and Dragon Boating – which you don't have access to at a city centre hotel.
With a tasty saving of £1500 (if you compare an apartment with one hotel room) and a whopping saving of £15,000 (if you compare it with two) plus getting all that space, total freedom, a personal tour guide when you arrive AND everything West Bridgford has to offer, there really is no comparison.
To find out more about our serviced apartments or to make a booking please get in touch. If you're not convinced that a short-term let is the way to go challenge us and we'll prove it to you!
We are happy to show you around the area when you get here and help you find your nearest pub, gym, school or church, it's all part of the service. Staying in a short-term rental is a brilliant way to get to know the area and decide where you want to live longer-term if you're relocating. West Bridgford has wonderful shops, cafes, gyms and restaurants, and the Farmers' Market of course. It's also right on the river and all the nearby activities – walking, cycling, rowing and Dragon Boating – which you don't have access to at a city centre hotel.
With a tasty saving of £1500 (if you compare an apartment with one hotel room) and a whopping saving of £15,000 (if you compare it with two) plus getting all that space, total freedom, a personal tour guide when you arrive AND everything West Bridgford has to offer, there really is no comparison.
To find out more about our serviced apartments or to make a booking please get in touch. If you're not convinced that a short-term let is the way to go challenge us and we'll prove it to you!
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