If you are looking to make it in the Serviced Apartment game, what exactly is it that you should be keeping in mind?
Is it the type of property for example, and should you definitely go with a house rather than a flat?
Is it the location that is the most important thing, and should it be prioritized before everything else?
Do decor and furnishings really matter, or can you afford to throw them in as an afterthought?
Whilst we don’t pretend to have all the answers, we do like to think we know what we are doing 😉
And the answer is, yes. All of these things matter in one way or another, and your job is to find the right combination to give yourself the best chance of success. The best way to keep yourself right, is to think one thing; ‘Would I stay here for the night?’ If the answer is yes, then you are on the right track.
Serviced Accommodation comes in all shapes and sizes…
The truth is, there is no exact rule that states what kind of property serviced accommodation can be. A flat, 6 a bedroom house, converted barn, anything, can in its essence be transformed into a serviced apartment.
However, a good rule of thumb is to make sure that your property has at least two bedrooms, and can comfortably house 4 adults. Depending on the target market that you are after, being able to host 4 adults gives you the flexibility to welcome anyone from contractors, holiday makers, to insurance claimants, and means you aren’t pigeon holed into one kind of guest.
The jumping off point for anyone thinking about Serviced Accommodation, is to have an idea of where your first property is going to be. It seems obvious, but you would be surprised how many people fall at this first hurdle! Jumping at a brilliantly priced property helps no one, if you have no target market to stay there. Do your research and make sure you are looking in the right areas.
Comfort is key
There’s no need to over think it, but it is important that you present your property to the best of your ability. Some decorative accessories and wall art, can make your serviced apartment feel more like home. Including essentials like teas and coffees, and washing up liquid will help build goodwill with you guests.
Making sure that your beds and sofas are comfortable should be a top priority, even if it means you need to pay out a little bit more. It will save you in any guest complaints of a hard night’s sleep, and help to encourage returning customers!
Good quality bed linens are also a must, no-one wants to feel like they are sleeping in someone else’s bed, so choosing the right bedding and laundry service is an essential part of running a serviced accommodation business.
If you have a property and are looking to get started in Serviced Accommodation, give us a call today on 0141 292 6040.
We have a proven track record in SA management and countless happy clients! Take a look here for more information and to download our Property Managers Pack.