1. No Upfront Costs
Moving is expensive. If you sign a short-term lease on an apartment, chances are you’ll have to fork over a hefty security deposit along with the first and last month’s rent. You also have to factor in the cost of setting up utilities and furnishing the space.
Even if you’re just taking an extended vacation, expect to pay deposits, cleaning fees, and other costs for a private home or apartment rental.
The best long-term stay hotels don’t charge any “hidden” fees. You’ll pay your nightly, weekly, or monthly room rate and sleep easy knowing everything is included.
2. Prepare Your Own Meals
A huge advantage that extended stay hotels offer over traditional hotel rooms is a kitchen. The costs of eating out add up fast, especially over an extended trip.
At a long-term stay hotel, you’ll have the convenience and cost-effectiveness of a kitchen inside your room. Visit a nearby grocery store and stock up so you can prepare healthy meals yourself — and save a bundle in the process.
3. Enjoy the Hotel’s Amenities
Paying for electricity, water, WiFi, and other utilities adds up quickly. So do basic furnishings, including kitchen supplies, utensils, bedding, and towels.
Of course, you’ll get most of these at any short-term hotel too. But what about other amenities you may not have considered before an extended trip? What about laundry facilities? A gym? A pool? An office area to get your work done?
Extended stay hotels offer these great amenities and more. You won’t have to go far (or pay more) to get some exercise or find a suitable workspace.
4. Write-Offs & Deductions
Tax benefits might not immediately spring to mind, but this is yet another financial benefit of a long-term hotel stay.
If you’re traveling for business, chances are you’ll be able to write off many related expenses. These might include the cost of your room to meals, plane tickets, and entertaining clients.
You’re already saving money at your extended stay hotel. You can save even more by taking advantage of relevant tax deductions. That’s a win-win for everyone!
5. No Long-Term Commitments
Extended stay hotels aren’t just for vacationing families or business travelers. There are plenty of reasons why you might consider resting your head at a long-term hotel for a while.
Maybe you’re scouting out a new city for a major move or business venture. Maybe you’re a college student who wants more privacy and quiet than traditional dorms offer. Maybe you’re in the middle of a divorce, caring for an ailing parent, or another big life change.
Whatever the case, extended stay hotels offer the comfort and security you need for as long as you need it. You don’t have to sign a lease or commit to a certain length of time, meaning you’re free to pick up and move on when your circumstances change again.
