Guelph, ON is a well-known Canadian city for its stunning views and vibrant culture. With its strong economy and growing population, more and more people are looking to call the city home. There’s no question that the housing market in Guelph is booming – but it’s worth considering the full range of possibilities available.
You may be drawn to the idea of renting a condo in a complex of short-term rentals – but it could end up being a costly mistake. Here’s why you should think twice before signing a lease.
## Short-Term Rental Units Often Do Not Meet Property Standards
You may think you’re saving money by renting a short-term rental unit, but many of these units do not meet the exacting standards of a long-term rental. Short-term rental units tend to be furnished, but the furniture may not be up to code for fire safety or general regulations. In addition, many landlords and building managers prioritise short-term rentals, meaning long-term tenants don’t benefit from the same upkeep as short-term tenants do.
## The Possibility of Unsavory Neighbours
When there is a high turnover rate in short-term units, there is a much higher likelihood of unsavory neighbours. The lack of screening means that you have no idea who you’ll be living alongside. This can lead to safety concerns and even a loss of peace and quiet. Furthermore, some building managers might not take the necessary steps to keep their complex safe and secure, meaning that those living there will bear the brunt of the repercussions.
## Frequent Vacationers May be Unwilling to Follow Rules & Regulations
Most short-term rental complexes have strict rules that must be followed. However, many of the travellers looking for short-term rental units may not be aware of the rules and regulations of the building or, even worse, may choose to ignore them. This can create a host of headaches down the line, not to mention added stress while living in the unit.
## Potential Issues With Privacy & Cleanliness
Many people come to Guelph, ON looking for a relaxing getaway – and so many of the people looking for short-term rentals in the city are hoping to spend some quality time away from home. Generally, vacationers may not be as diligent about keeping their unit clean, meaning that you could be dealing with messes in the common areas. In addition, they may also be less than respectful of your area, leading to a lack of privacy or respect for your living space.
## You’re Much Better off With a Long-Term Rental
When all is said and done, it’s always smarter to rent a long-term rental unit rather than a short-term rental unit. Long-term rental units often come with additional perks such as free utilities, free internet, and even free parking. They also require the landlord or building manager to keep the place up to code, meaning that you can rest assured that you’re living in a safe and secure environment.
Furthermore, long-term rental unit tenants tend to be a more reliable and responsible bunch. Since they’re Investing more into the space and plan to stay for a while, they’re more likely to keep up with their rent payments, respect their neighbours, and follow the rules.
Q1. Are condos the only available housing options in Guelph, ON?
A1. No, condos are not the only housing options in Guelph. The city offers a variety of housing options, including apartment complexes, single-family houses, and townhomes.
Q2. Do long-term renters pay higher rent than short-term renters?
A2. It depends on the landlord, but generally speaking, long-term renters pay lower rent than short-term renters.
Q3. Are there any additional benefits to renting a long-term rental unit?
A3. Yes, long-term rental units often come with additional perks such as free utilities and free internet.
Q4. Is it possible to find short-term rentals that are up to code?
A4. It is possible to find short-term rentals that are up to code, but they can be difficult to come by. Short-term rental units often do not meet the exacting standards of a long-term rental.
Q5. What are the benefits of living in Guelph, ON?
A5. Guelph offers stunning views, vibrant culture and a strong economy. It also offers a variety of entertainment options and is a great place to raise a family, with many excellent schools to choose from.
In conclusion, while a short-term rental unit in a complex may look appealing – it may end up costing you a lot in the long run. Not only are short-term rental units often not up to code, but you’re also likely to encounter unsavory neighbours who may not adhere to the rules and regulations. Your best bet is to invest in a secure long-term rental unit that is both comfortable and affordable.
Real estate agents, such as Tony Sousa and The SousaSells.ca Team, can help you explore the available options in Guelph, ON and guide you in your search for the perfect rental unit. With the help of a professional and experienced real estate agent, you can make sure that you get the rental unit that best meets your needs, without the hassle and stress of dealing with the drawbacks of a short-term rental.