Investing in a student accommodation property will mean that you are investing in a purpose built property. It will additionally come with an increase in demand for these properties which is inevitable following the fast increase in student numbers. All students will want to rent accommodation that they can think of as a place to call home during their course and years of studies, so all the additional mod-cons are expected to be included as standard in these student accommodations.
Because of this newly established standard of student living (which has changed majorly over the past 20 years) the designers and developers of these student accommodations are adding more and more luxuries to the property developments. They are doing this to compete for the attention and business of the ever-growing student demographic. It is a wise decision to invest in a PBSA because the better standard of facilities will always continue to attract tenants year after year, with not a lot needed from you.
Student who are searching for more luxurious accommodations there will be other on site facilities such as security, launderettes, gyms, safe bicycle storage and communal areas. They may even have better technology such as tablet computers to allow occupants to control an assortment of elements in their living space such as repairs and booking communal areas. Each of these useful features will add more attraction to the potential student looking for a second home near their university.
When looking for a good deal on a student accommodation investment you need to think about picking a property that stands out from the rest. To get the most value and profits you should invest in a property that is high quality provides home comforts and an aspect of luxury that many students these days will want to spend their money on.
Property investors realise that unlike buy-to-let properties, a student accommodation will not give them income through capital growth, but instead they will rely on rental income. Some investors who want to grow their portfolio or beginners who are searching for a fairly low risk property investment strategy will benefit from student accommodation investments.
There will always be a demand for student accommodation, as shown in recent UCAS reports. In areas such as Liverpool, the student population is through the roof, which means that there is a big demand every year. You may be wondering if universities have housing on campus, why would there need to be additional accommodation outside of the campus. The truth is, the demand is still there because university dorms can't house all students. The for example, the University of Liverpool accommodation is on campus. However, they can't accommodate everyone that attends the university, so students need to look elsewhere for housing. This is where purpose-built student accommodation comes in, because it is situated in an ideal location near the university and the town centre, making it appealing to student tenants.