Airbnb is one of the popular options for travelers searching for economical and distinctive lodging. Airbnb now started something more than just short-term accommodations for visitors.
The platform become increasingly common as a long-term housing choice, with countless individuals preferring to stay there for longer periods.
So, if you are thinking can we really stay in an Airbnb for a prolonged duration? The response is yes, but there are certain considerations you must take into account before deciding to do so.
This article will go through every detail that should keep in mind about staying at Airbnb for a long time.
Important Consideration to Live in an Airbnb Long Term
Many considerations are required to live in an Airbnb for the long term.
We will explore the cost, advantages, disadvantages, laws, and practical matters involved in moving to an Airbnb property long period.
Read on to learn if renting an Airbnb is an ideal choice for a few weeks and years. Or if Airbnb is a big no for long-term housing.
Legal Matters
You must know the consequences of the law before considering long-term residence in an Airbnb. Some nations and city laws restrict the duration of rented properties on websites like Airbnb.
As an example, it is illegal to rent a property on Airbnb in New York City for less than one month.
Similarly, hosts need to acquire specific permissions or licenses in many places to rent out their properties for extended periods.
Therefore, it is important to do your study and confirm that you are not breaking any local laws or policies.
Check the rules and regulations of the city you plan on staying in. It is because some places have limitations on how many evenings a property can be rented out.
Practical Factors
There could be practical factors to consider when residing in an Airbnb long-term. Even though some Airbnb listings include routine maintenance and cleanup services but the majority do not.
So, you will need to make arrangements for such services.
This implies adding extra costs for these services when calculating the total expenses of living in an Airbnb.
It will be beneficial to talk with the host about a completely equipped property because some Airbnb listings might not have facilities.
Costs
Long-term costs in an Airbnb can be more expensive than rates in regular rentals. For extended stays, Airbnb hosts charge higher rates for almost everything.
The total expenses for long time stays will include the following costs:
Higher Rates for Long Stay
Long-term stays are usually more expensive for Airbnb hosts than short-term stays.
Certain cities and states are now implementing taxes on Airbnb properties. These taxes may apply to you as a long-term visitor, which would significantly increase your expense of living.
Security Deposit
Similar to regular property owners, Airbnb might ask for a security deposit for any damages or unpaid expenses.
When calculating the overall cost of long-term Airbnb living, be alert to include the cost of the security deposit.
Transportation
If the Airbnb property is not close to public transit or your job place, you will have to pay more for transportation. Vehicle rentals or ride expenses must take into consideration as well.
Furnishing
For the long-term, furnishing is a huge consideration as some Airbnb homes lack necessary furnishings like beds, sofas, and kitchen appliances.
These items may need to be bought or rented by you, which will raise your total expenses.
Food Expenses
You will have to eat out more often if the Airbnb property does not have a fully functional kitchen. In fact, it can be more costly than cooking at home.
Make sure to include the price of the food while calculating the total cost of living in an Airbnb long-term.
Additional Charges
Some Airbnb hosts may charge extra money in addition to the rental price for services like cleaning or utilities. You must prepare for these costs in your budget because they can add up rapidly.
Varying Prices
The prices can change based on the demand and supply of offerings in the specific area. It is because Airbnb is not controlled in the same way as traditional rentals.
This implies that the price of long-term lodging in an Airbnb may vary significantly per month.
Restricted Negotiating
Airbnb renters could be less open to price negotiating than conventional landlords. They are free to establish their rates. Also, they may not have the same costs for overhead as traditional renters.
So it’s up to you to select a property with a cooperative host who offers weekly or monthly discounts and packages.
Advantages of Living in Airbnb for the Long Term
The following are the advantages of living in Airbnb long term:
Flexibility
You can get more flexibility when living in Airbnb since there is no long-term lease obligation. It also means that if your requirements or circumstances change, you can relocate without difficulty.
Furnished Lodging
Most of Airbnb’s rentals come completely furnished. It will be beneficial to choose from them if you don’t want more expenses in furnishing your booked property.
A Variety of Properties in Multiple Locations
With a range of properties available in multiple places, Airbnb enables you to discover a home that meets your preferences.
Access to Experience Local Culture
Instead of tourist destinations, many Airbnb properties are located in residential areas. So staying in an Airbnb allows you to experience the local culture and lifestyle of different nations around the world.
Disadvantages of Living in Airbnb for the Long Term
The following are the advantages of living in Airbnb long term:
Legal Challenges
There may be legal issues or restrictions in some places regarding Airbnb. It’s because every place is not always regulated according to the same laws as conventional accommodations.
High Cost
As already mentioned, due to higher rental and extra fees, long-term living in Airbnb is more costly than usual rentals.
Fewer Facilities
Airbnb properties do not usually have facilities like fitness centers, pools, or laundry rooms.
Uncertainty in Property Qualities
Since each Airbnb property is privately owned, you may discover differences in the standard maintenance and cleaning of some rentals.
Risk
There may be uncertainty regarding the availability of the property or future rental prices. You may face this as Airbnb accommodations are less reliable than conventional rentals.
It’s essential to consider these advantages and drawbacks before deciding whether staying in an Airbnb for long is the best.
Conclusion
Long-term residence in an Airbnb can be advantageous in many ways, including freedom, and access to a variety of properties.
Additionally, you can get the chance to learn about the region’s way of life.
However, there are also some disadvantages to take seriously, like legal complications, uneven quality, higher prices, fewer amenities, and uncertainty.
Calculating both pros and cons as well as your requirements will surely help you to take the right decision.
Furthermore, as an owner, it’s crucial to research whether renting an Airbnb long-term is legal in your location or not. It is because the policies may change.
Yet, the decision to reside in an Airbnb long will depend on your circumstances, priorities, and the above-mentioned details.
