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What is Considered Serviced Apartments? A Detailed Guide

What is considered serviced apartments? Serviced apartments offer a convenient and flexible solution, fusing the coziness of home with the luxuries of a hotel. These fully furnished apartments are available for business and leisure travelers, providing a more spacious and often cost-effective alternative to traditional hotel rooms. Read on as we explore the ins and outs of “What is considered serviced apartments,” examining their features, benefits, and what makes them a popular choice among today’s travelers.

Renowned real estate investors Steve Daria and Joleigh advocate for the practicality and advantages of serviced apartments. They highlight the increased demand for such accommodations among corporate clients and tourists seeking a home-like environment. According to Steve and Joleigh, the blend of comfort, flexibility, and cost-effectiveness makes serviced apartments an intelligent investment choice in today’s competitive real estate market.

What is Considered Serviced Apartments?

Serviced apartments are a popular accommodation option that combines the comforts of home with the conveniences of a hotel. 

These units are fully furnished, typically including living areas, bedrooms, kitchens, and bathrooms, providing a spacious and comfortable living environment. 

What sets serviced apartments apart from traditional apartments or hotels is the comprehensive amenities they offer. 

what is considered serviced apartments

In addition to standard furnishings, they often include amenities like housekeeping services, which may range from daily cleaning to weekly, depending on the provider, ensuring guests enjoy a clean and organized space throughout their stay.

Key Features of Serviced Apartments

What is considered serviced apartments? Here are its key features:

Fully Furnished

Serviced apartments come equipped with all essential furnishings needed for a comfortable stay, such as sofas, beds, dining tables, and chairs. 

Additionally, they provide kitchen appliances like refrigerators, stoves, microwaves, and sometimes even dishwashers, along with basic kitchenware and utensils. 

Linens such as bedsheets, towels, and blankets are also typically provided, ensuring guests have everything they need without the hassle of moving or purchasing items.

Housekeeping Services

A notable attribute of serviced apartments is the inclusion of housekeeping services, which typically range from daily to weekly cleanings, depending on the provider and the length of stay. 

These services ensure that the apartment remains tidy, floors are cleaned, surfaces are dusted, and bathrooms are sanitized regularly. 

Few providers may also offer additional services like changing linens and replenishing toiletries, maintaining a high standard of cleanliness throughout the guest’s stay.

Utilities Included

Serviced apartments simplify the stay by including all essential utilities in the rental cost.

Guests do not need to worry about separate bills for electricity or water usage, which adds to the convenience and transparency of the rental arrangement. 

Additionally, having internet services included ensures that guests have seamless connectivity for work or leisure activities without any additional charges or setup hassles.

Flexible Lease Terms

Unlike traditional apartment leases that often require long-term commitments, serviced apartments cater to both short-term and long-term needs. 

This flexibility allows guests to rent the apartment for a few nights, weeks, months, or even longer durations based on their specific requirements. 

Whether for a business trip, relocation, extended vacation, or any other reason, serviced apartments offer the convenience of adjusting the length of stay according to the guest’s schedule without locking into a fixed lease term.

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Benefits of Investing in Serviced Apartments

For real estate investors, serviced apartments offer numerous advantages. 

They provide higher rental yields compared to traditional properties and are less affected by market fluctuations.

Here are some key benefits:

  • Higher Rental Yields: Serviced apartments typically command higher rental rates due to their furnished nature and included services. This translates to higher rental yields for investors.
  • Stability in Occupancy Rates: These apartments often attract long-term corporate clients and tourists, ensuring steady occupancy rates throughout the year.
  • Low Maintenance Costs: With regular housekeeping and maintenance included, property owners face lower maintenance costs and fewer unexpected expenses.

Why Serviced Apartments Are Popular Among House Buyers

House buyers are increasingly turning to serviced apartments for their convenience and cost-effectiveness. 

These units eliminate the hassle of furnishing and maintaining a home, making them an ideal choice for busy professionals and families.

  • Move-In Ready: Serviced apartments are fully furnished and provided with all necessary amenities, allowing buyers to move in immediately without any additional setup.
  • Cost-Effective: While the upfront cost may be higher than unfurnished apartments, the long-term savings on furniture, utilities, and maintenance make serviced apartments a cost-effective choice.
  • Ideal for Temporary Housing: For those people in transition—such as relocating professionals or families waiting for their new home to be ready—serviced apartments provide a comfortable and convenient temporary housing solution.

How Property Sellers Can Benefit from Serviced Apartments

Property sellers can capitalize on the growing demand for serviced apartments by offering these units to potential buyers. 

This can lead to quicker sales and higher property values.

  • Attracting a Broader Market: Offering serviced apartments can get a wider range of buyers, including investors, business travelers, and relocating families.
  • Higher Valuation: Properties marketed as serviced apartments can command higher prices due to their added amenities and convenience.
  • Faster Sales: The ready-to-move-in nature of serviced apartments makes them more appealing to buyers, leading to faster sales.

Tips for Land Sellers and Buyers Interested in Serviced Apartments

Land sellers and buyers looking to develop serviced apartments should consider several factors to ensure a successful venture.

  • Location is Key: Choose a location with high demand for temporary housing, such as business districts, tourist areas, or near major transportation hubs.
  • Understand Zoning Laws: Ensure the land is zoned for commercial use and meets all regulatory requirements for serviced apartments.
  • Partner with Experienced Developers: Work with developers who have experience in constructing and managing serviced apartments to ensure a smooth and successful project.

Successful Strategies for Investing in Serviced Apartments

Investing in serviced apartments requires careful planning and execution.

Here are some strategies to maximize your investment:

  • Market Research: Perform a market research to identify high-demand areas and understand the competition.
  • Quality Over Quantity: Focus on quality furnishings and amenities to attract high-paying tenants and ensure long-term occupancy.
  • Professional Management: Hire a professional property management company specializing in serviced apartments to handle day-to-day operations and ensure tenant satisfaction.
what are considered serviced apartments

Frequently Asked Questions

What is considered serviced apartments? Explore the most common queries:

What is a serviced apartment and a hotel?

Serviced apartments give more space, privacy, and home-like amenities compared to hotels. 

They are also typically more cost-effective for long-term stays.

Are serviced apartments suitable for families?

Yes, serviced apartments are ideal for families due to their spacious layouts and home-like environment.

How do I find a reliable serviced apartment?

Look for reputable property management companies and read reviews from previous tenants to find a reliable serviced apartment.


Serviced apartments give a unique blend of convenience, comfort, and cost-effectiveness, making them an attractive choice for real estate investors, house buyers, property sellers, land sellers, and land buyers. By understanding what is considered serviced apartments, their benefits and implementing successful investment techniques, you can capitalize on the growing demand for serviced apartments. 

**NOTICE:  Please note that the content presented in this post is intended solely for informational and educational purposes. It should not be construed as legal or financial advice or relied upon as a replacement for consultation with a qualified attorney or CPA. For specific guidance on legal or financial matters, readers are encouraged to seek professional assistance from an attorney, CPA, or other appropriate professional regarding the subject matter.

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