Student housing, no matter the geography or race, will forever be one of the best in terms of real estate investment. As long as the world evolves, and learning endures, no nation will ever be short of students going off to the university or college. We have highlighted some of the benefits of investing in student housing.
Even in Nigeria, the demand for student housing is high. Thousands of students get enrolled into colleges and universities every year, so more housing units are required. Despite the raging tuition fees among many countries worldwide, the need for education is still huge.
High enrollment is the primary indicator for student housing. Applications and their continuing processes indicate that a specific area, especially if it’s near a university, will be populated with students.
Most students don’t find campus hostels conducive, and some just want to have their own personal space. On the other hand, due to the number of students and the increased demand, some universities find it difficult to provide hostel accommodations for all their students. If you have tried being an in-house university student, you’ll agree that most schools promote or offer housing on campus only to first-year students. This is because they can’t keep up with the high demand.
Real estate investors and developers have started coming in to take advantage of this business opportunity. Purpose-built establishments and apartments are now constructed just outside of campuses.
Again, there can never be shortage of students or renters. Fresh year students are looking for apartments, undergraduates are seeking new spaces, and some graduates usually love to sustain these apartments while they pursue other goals. Another thing is that, you would never have to worry about payment. The best thing about student housing is that they are usually good tenants or have a parental guarantor, which ensures no problem for rental collections.
Student Accommodation Is Attractive
The location, close proximity to the campus, high rise areas that give students the smell and taste of freedom, the amenities and facilities present in purpose-built student accommodation are imperative benefits for the daily lives of students and occupants in the building premises. For example, they can enjoy communal areas, high-speed Wi-Fi, and study areas. All these amenities become available and attract many student tenants.