Finding the perfect student accommodation investment can be rather difficult and tricky. Not only is there a wide range of accommodation options for you to choose from, but there are also so many different factors to take into consideration before you sign on the dotted line. So here are a few tips to help you make your choice in choosing the right student accommodation.
First make a personal assessment
Before you go looking for accommodation, you have to first assess the options available yourself. You have to assess your own personality to decide how you want to live.
You have to decide if you will be able to live on your own and do your own laundry and cooking or if you will prefer living with other people and sharing your chores.
Next, you have to decide on how much you can actually afford for your accommodation. If your budget is on the higher side, you will be able to afford the best accommodation with modern facilities and even individual rooms. However if your budget is small, you may have to either look for cheaper accommodation or find roommates who will share your room and rent.
Choose based on locations
There are many universities which offer their own accommodation for students which is actually convenient for students as no time and money is spent travelling to and from the college. However if you prefer living off campus, you have to find accommodation based on its location.
Living too far from the college will only spell additional travelling expenses; so choose something within walking distance. Besides, the place you stay should be in close proximity, or offer transportation options to restaurants, boutiques, supermarkets and bookstores.
Don’t forget facilities while choosing student accommodation as it plays an important part in improving the quality of your life. Look for accommodation offering free internet connections, free cable connection, a free entertainment showcase and perhaps free access to the recreational area.
Today, wireless broadband connections are increasing in popularity when compared to the wired ones solely for its convenience. However, make sure you understand your landlord’s terms and conditions before getting a broadband connection. If possible, look for accommodation with kitchen appliances, bathrooms and washing machines.
The accommodation you choose should also have enough space for you to rest and study. Without peace and study space, you will not be able to maintain or even improve your grades.
Read the contract before signing on the dotted line
Not only should you be particular about finding the right accommodation for yourself, but also make sure its tenancy contract is clear and easy to understand. It is only if you thoroughly understand its terms and conditions you will then be able to enjoy a less stressful and troubled stay.
If you find some unclear terms or if there’s something you don’t understand on the contract, make sure you clear them and get all your queries answered before signing the contract.
These are the main points that will prove very helpful and useful for you in choosing the perfect student accommodation.
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Purpose Built Student Accommodation (PBSA) offers lucrative investment yields. While many assets in alternative industry sectors are underperforming,investing in student accommodation has returned the best yields in UK property since 2011 (Savills).
We have a wide-ranging portfolio of properties in some of the most successful university cities in the UK. All our properties are run by professional onsite management teams, which enables us to provide an effortless income to our buyers.