Whether you are in the midst of a crazy buyers' market that is making it harder to find a home, or your loan approval for a new home is contingent on the sale of your current home, it is not unheard of to be in a situation where you are in-between homes. Naturally, this is a stressful place to be, so people often resolve the problem by finding a short-term rental. However, temporary housing is often a more efficient solution; learn why.
1. Avoid a Logistical Nightmare
If you sign a short-term lease on an apartment or home, you have to relocate all your belongings to the new property and then unpack. This process is time-consuming, but it also comes along with the potential of your items being damaged in the process. Temporary housing options typically come fully stocked with everything from furniture to extra sets of bed linens. You can put your items in secured storage and have one less worry.
2. Get a Chance to Pre-Explore
Short-term leases are not always easy to find, but this is often not the case with temporary housing properties. Not only are there several options in most areas, but it may be easier to find a property that is in the same area you want to move to. The ability to live in the area beforehand will give you a chance to explore the area to find out everything it has to offer.
3. Benefit from Controlled Costs
A short-term lease for an apartment or house does not only come with increased rental costs, but you will also likely be responsible for utilities. Temporary housing options often have a flat fee that covers your entire stay. So, if for some reason the utility costs are not always the same, you do not have to worry about your costs constantly fluctuating.
4. Take Advantage of Flexible Terms
Another disadvantage of short-term leases is that their idea of short-term does not always match your need. For most of these properties, 9, 6, or 3-month rental terms are the only options available. However, temporary housing properties often allow you to determine how much time you need, even if it means you need to extend weekly. As a result, you have the flexibility you need and are not forced to stay longer than necessary.
If you are in-between homes, make sure you are exploring temporary housing options in your area.