By Hannah Phillips
Image: telegraph.co.uk
Renting to students can be a slightly daunting prospect, as you never know what kind of tenants you’re going to end up with. The worry of house parties and failure to keep the place clean, along with wear and tear and the risk of damage, can put worry in many landlords’ minds.
Image: lerablog.org
However, a recent study by AFS shows that 86.9% of landlords state that students make good tenants, with 68.48% reporting that students make better tenants than non-students.
60.54% of the survey respondents would also recommend other landlords to consider the student market.
But what can you be doing to attract potential student tenants to your property?
We’ve got some helpful tips and advice if you’re thinking about targeting the student market.
Image: nidostudentliving.com
Offer them a home from home:
For many students, this will be their first time away from home so they’re probably looking for something that offers that same kind of comfort. Gone are the days of basic student digs, where damp walls and broken furniture were to be expected. Modern students want something more luxurious now and it can all start with a fresh lick of paint. Modern, well-kept furniture and working appliances are a must.
Image: padsforstudents.co.uk
Think about what your tenants need:
Catering for your tenants needs will also help you to let your property quicker. So, think about the things that a student will require, such as space to study. Why not put a desk in each bedroom if there’s room? Or what about the kitchen basics? Providing a toaster, kettle, microwave and kitchen utensils can be done cheaply and will be one less thing for students to worry about when moving in.
A large fridge/freezer is also another good idea, as multiple tenants will be battling for fridge space. Cupboard space is essential too!
Image: carpettilesint.com
Hard-wearing carpets – remember, these students aren’t at home anymore so they might not remember to take their shoes off around the house. It might be worth fitting thicker carpeting that will be easier to clean and maintain.
Vinyl flooring in the bathroom and kitchen may also be a cheaper alternative, as well as being easier to keep clean should there be any spillages.
Images: rilane.com
Homely touches
Adding a few pictures on the walls and a couple of scatter cushions on the sofa will give your property those nice finishing touches to make it more of a home from home type of abode. Encourage your tenants to keep their living space clean by providing some basic cleaning products to give them a head start.