Should You Lease A Furnished Corporate Apartment

A Practical Look At Whether You Should Lease A Furnished Corporate Apartment

Corporate housing has been a boon for employers and their employees for many years. Employers are able to save money reserving furnished apartments, condos, and townhomes for employees because doing so costs less than reserving traditional hotel rooms. Employees are able to enjoy more space, a quieter atmosphere, and an assortment of amenities unavailable in a hotel room.

Since many companies are sending their employees on the road less often, corporate housing providers have begun to cater to anyone who needs a temporary home. This has led to a large influx of customers who have never stayed in a fully-furnished corporate apartment. Lacking experience, they don’t know what to expect.

In this article, we’ll focus primarily on the “furnished” component of corporate housing. We’ll describe what it means, as well as some of its advantages and drawbacks. You’ll also learn what to look for when deciding on a property to lease.

Advantages Of Leasing A Fully-Furnished Apartment Or Condo

First, it’s important to define what a furnished living space means. At its simplest, it means the apartment or condo comes with its own furniture. When you arrive, you’ll have a comfortable bed, dressers, tables, chairs, and couches. The property may also come with a desk, coffee table, nightstands, and more.

It’s worth noting that corporate housing goes a few steps further. Not only are you provided with the basic furniture listed above, but you’ll also have access to a fully-outfitted kitchen with an oven, stove, microwave, and refrigerator. The space also includes a personal washer and dryer. These amenities are rarely included in a simple “furnished” apartment.

The biggest advantage to living in a furnished apartment is that you don’t need to bring your own furniture. Everything you’ll need will be available to you upon your arrival. Depending on your circumstances, that saves an enormous amount of time and money. You don’t need to buy furniture, nor move it.

For temporary stays – from one month to more than a year – this can be an ideal solution. There’s no need to spend money on expensive items like sofas or dressers. Nor is there a need to hire movers. You can live comfortably in your temporary home for months, arriving with little more than a small suitcase.

Potential Downsides To Fully-Furnished Corporate Housing

A furnished living space is not necessarily the right option for everybody. For example, some people already own their own furniture and want to avoid putting it in storage. If they own a large number of pieces, they are unlikely to be able to fit them into a corporate apartment. Renting a traditional apartment month-to-month may be a better fit.

It’s also important to realize that a fully-outfitted corporate condo or apartment costs more than a bare-bones apartment. The reason is because the former comes with so many more amenities than the latter. Those who are on tight budgets, such as college students, may find a small, basic apartment more suitable to their financial constraints.

If you want every detail of your living space to exude your personality, you might be better served renting an apartment. There, with the property manager’s permission, you can paint the walls, install hardwood floors, and make other significant renovations. With a furnished corporate condo, you’ll have less flexibility. Although there’s a lot you can do to make the space seem like home, the furniture and other amenities cannot be changed.

Important Factors To Consider When Leasing A Corporate Apartment

Once you make the decision to lease a furnished corporate apartment, there are a few considerations to keep in mind before choosing a specific property. For example, if you’re in the area to work on a long-term assignment for your employer, make sure you’re within a reasonable driving distance from your workplace. Otherwise, you might find yourself spending a couple hours on the road each day.

It’s also a good idea to note the proximity of your apartment to grocery stores, gas stations, restaurants, and movie theaters. You’ll end up visiting each of these venues as you settle into your temporary home, and immerse yourself in the surrounding community.

Corporate housing is not for everyone. But if you want a comfortable, peaceful place to stay while vacationing, working, or relocating, a fully-furnished condo, apartment, or townhome may be a perfect option.

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