What comes to mind when you think of Airbnbs? For most people, they are convenient short-term rentals that have some advantages over hotels. From beach houses to RVs to ski vacation homes and anything else, Airbnb has all types of accommodation a traveler would need. But that aside, this type of accommodation also seems to offer a solution to people looking for long-term housing. Unlike in the past, where people would book Airbnbs for shorter stays, you can now enjoy longer-term stays. People are ditching the traditional homes where they have to pay rent in place of Airbnbs as they are cheaper. Besides the cost, several benefits come with this choice. Read on to find why people are choosing Airbnbs over the traditional lease.

Cost Saving

When you calculate the amount and factor in costs like furniture and utilities, you will notice that living in an Airbnb might actually save you money. Take an instance where you are moving to a 2-bedroom, 2-bath apartment. A modern building in an ideal neighborhood will cost you about $2,400 to 3,100 per month.

But while this is just the rent, you factor in expenses like broker fees, application fees, utilities, etc. As much as Airbnbs usually charge a service fee, this will already be factored into the total cost. So, even if an Airbnb charges you about $2,800 for a long-term stay, as long as that money has covered utilities as well, it is cheaper. In addition, an Airbnb has been fully furnished, and you do not need to commit to it for 12 months.

You also do not have to worry about home repairs or renovations, which are usually costly. For instance, roof replacements dominate the North American market. Currently, the roofing market is more than 90% in both value (91%) and volume (94%). And as existing buildings continue aging, the need to replace roofs also continues growing. Keep in mind that this is just one of the costs of having a home. You are likely to incur other costs, which ultimately make staying in an Airbnb cheaper.

Lead a Flexible Life

There is so much flexibility that comes with staying in an Airbnb. For starters, you are not tied down to property that will give you a hard time when you want to move. There are many reasons why people move. As a matter of fact, since the start of Covid-19 in 2020, more than 8.93 million people all over the US have moved homes. This could be attributed to many things, including a change in lifestyles such as remote work or schooling. Airbnb supports a lifestyle like that. You can work or study from anywhere without having to worry about transport.

With Airbnbs, you get to live freely. There is no signing of any lease, and you can move to whichever city you find appealing with ease. In addition, if you want to cancel your stay at an Airbnb, you can get a refund. For traditional homes, you will have to give a 30-day notice.

Constant Support

As a guest, you will get 24-hour support from either the host or Airbnb customer care support. If anything goes wrong during your stay, you will have someone to help. On top of that, if anything happens and you are unable to complete your stay, you can get a refund or be rebooked to another place. This convenience is another motivation for people to stay on Airbnbs.

Landlords Too Are Converting Their Units Into Airbnbs

It is not just tenants who are opting for Airbnbs. Landlords, too, have realized that converting their homes to Airbnbs can be a lucrative business. Seeing as most renters do not want to be tied down by leases, landlords would rather rent to Airbnb travelers rather than deal with empty units. That is not to say that the need for housing is not there. In fact, every year, about 300,000 to 400,000 uninhabitable houses get demolished, causing the demand for housing to rise. But still, most renters would rather not be tied down to leases, and so they choose Airbnbs over the traditional homes.

These are just some of the reasons why people are ditching their homes and opting for Airbnbs. While this may not be a lifestyle for everyone, it certainly offers some conveniences.