The biggest risk of an investment is not taking one at all.
A pied-à-terre can be defined as an apartment used as a second home on weekends or for short periods of time. Typically these apartments are smaller, furnished and have ranging lease options.
Now that you know the meaning of pied-à-terre, see if it’s a good fit for your living situation. While making the choice to invest in a pied-à-terre may seem daunting, we’ve listed seven reasons to help justify your potential investment and help you figure out if you’re a good fit.
1. You travel for work, especially to the same place
Are you already spending much of your time in another city? Traveling a lot for work can be exhausting, especially with the extra work it entails. A hotel, rental car, packing a bag — these things can feel tedious when you do them quite often. Cutting out these steps by investing in a pied-à-terre will make your consistent traveling run smoother.
2. You recharge by traveling
If you’re adventurous, you love the rush you get from booking a flight. Planning to visit another city excites you and maybe you even wish you did it more. Investing in something that brings you joy and makes you feel recharged is a worthwhile investment. A pied-à-terre would simplify this recharge, especially if there’s one city you particularly love or visit frequently, giving you no excuse not to go.
3. You don’t have pets
We love our furry friends. However, making sure your pet has the proper care can be a hassle when you travel. By not having pets, you can go stay at your pied-à-terre on a whim since you’re not responsible for a four-legged friend.
4. You’re looking to experience a new city, without permanently moving
Committing to moving to a new city is a big decision. A pied-à-terre offers people an experience of another city, on their own time. With control over the length of the lease, a pied-à-terre is a perfect option for someone who’s been thinking about moving but isn’t sure.
5. You’re spending a lot of money on hotels
Sure, wracking up hotel points is great. But if you’re frequently traveling to the same city and booking the same hotel room, why not look into a pied-à-terre? Not only would it be a better deal long-term but offers you more space and a more comfortable feel in your furnished home.
6. You don’t want to furnish a second apartment
Maybe you’ve decided you want to look at a second apartment. Pieds-à-terre are typically furnished making it great for someone who doesn’t want to furnish their second rental. This also makes the investment smarter, meaning you’ll really only be spending money on the apartment itself and the travel expenses to get there.
7. You’ve always dreamed of living in another city
There are amazing cities, both in the U.S. and internationally, that we see in movies, hear about from friends and read about on travel blogs. If you have a city you’ve always been interested in, a pied-à-terre could be your ticket to experiencing that place. Pieds-à-terre have the benefits of being temporary homes, meaning your lease term options likely won’t be long.
Make 2023 the year you find your pied-à-terre
If you spent 2022 traveling a lot, whether it be to the same place for work or just to find a city for a potential new home, a pied-à-terre may be right for you.
Your time and energy are valuable and an investment in a pied-à-terre is investing not only in a place but in yourself. Find your pied-à-terre with help from Rent.
Source: rent.com