Is Living in a Hotel Cheaper Than Renting a House?
Did you know that there are 54,200 hotels in the United States alone? With that many hotels, people are bound to call them home for the long-term for various reasons. But is living in a hotel cheaper than renting an apartment, condo, or house?
Many people who live in hotels permanently claim it to be a cheaper way of living. Find out if living in a hotel is indeed cheaper than renting a house here.
Long-Term Rates for Living in a Hotel
An essential factor for saving money while moving into a hotel is to take advantage of long-term extended stay rates. Before you make the switch to living in a hotel, make sure you research hotels that accommodate or specialize in, extended stay tenants.
Popular extended stay hotels include:
- InTown Suites
- Extended Stay America
- Homestead Suites
- Candlewood Suites
- TownePlace Suites
- Staybridge Suites
- Homewood Suites
- Residence Inn
Once you select your new long-term hotel home, call the property to ensure you are receiving their extended-stay rate. These rates can range from $100-$200, or $300-$500 a week, depending on the location and hotel brand.
Before booking your hotel stay, make sure that your chosen hotel fits into your new budget. Visit laterooms to book a room today!
Costs that are Cut by Hotel Living
A lot of costs are cut by making the switch to hotel living, so what are they? When most people live in a hotel long-term, they can expect to see various bills disappear including:
- Electric
- Water and Gas
- TV, Cable, and Internet
- Garbage Disposal
- Cleaning Supplies and/or Cleaning Service
- Lawn Maintenance
- HOA Fees
Although living in a hotel can look more expensive at first because of the nightly, weekly, or monthly rate when compared to rent, it often ends up cheaper due to the other savings.
Imagine never having to pay for your internet or worrying about an electricity bill surprise. Cutting these costs by living in a hotel will be cost-effective and cheaper than renting a home.
Take Advantage of Hotel Amenities
Long-term hotel rates and cutting bill costs are not the only ways that hotels can save you money. Hotels come well equipped with many amenities that when incorporated into your daily routine could save you money elsewhere.
If you pay for a gym membership, you’ll now be able to cancel it in exchange for the hotel gym. While it may not have every machine your gym does, it has enough to get the job done and save you money at the same time.
Does your hotel offer free breakfast included in your stay? Not all extended hotel chains offer this, but if they take advantage of the free food. Whether it’s grabbing an apple to start your day or a bowl of oatmeal, it’s hard to beat free breakfast.
Ready to Live in A Hotel?
Living in a hotel isn’t for everyone, but many people make it work and save money while doing so. If you enjoyed this article, check out the rest of our website for more information.
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