Why are More Investors Discovering Student Housing

1. Why are More Investors Discovering Student Housing? Investing in property is an excellent way to diversify your portfolio. A good investment can yield significant gains. If you have the budget and know where to put your money, you could see double your investment. One of the more popular real estate investment opportunities is student housing units. If you are thinking of investing in student housing, here are some reasons why the idea is worth your time. Enrollment Numbers Demand for undergraduate and graduate degrees is still on the rise. And two years since the pandemic, more students are coming back to school. Companies, too, still prefer applicants with an excellent educational background. That means education still matters. With more students, you also get more potential tenants for your properties. High Demand Many schools only offer housing on campus for first-year students. The rest are often encouraged to find housing elsewhere. If you have properties that are near schools or are only a short walk or ride away from schools, you can attract more potential tenants or buyers. Better Marketing From virtual tours to drone photos and videos, there’s so much that you can do to improve your student housing marketing efforts. Plenty of your competitors are already incorporating virtual tours or drone videos into their marketing strategies. And if you’ve been taking the photographs that you use for your marketing materials, it’s a good time to consider hiring a professional. An expert knows how to use visuals to draw more potential clients to your student housing units. With so many ways to improve your marketing, it’s now easier to get the attention of your target market. Access If your property offers easy access to a school or several schools in the area, that makes it even more attractive to potential tenants or buyers. Take advantage of that easy access by finding the right buyer or tenant. With everything turning up on social media these days, it’s now easier than ever for property owners to put up units for rent or sale. That also means there are more people who can find and view the listing. No Parking Many student housing units don’t have parking spaces. If it’s the same with your units, you can always emphasize the property’s proximity to the school. If it’s close enough, they only need to walk to get to campus, after all. They won’t need to rush in the morning to get to their classes. They also don’t have to spend hours on the road trying to get home. As soon as they’re done with class, they can get home within minutes. That leaves them with plenty of time that they can use to rest, study, and relax. International Students If your property is even near big schools or universities, you can look forward to getting international students. These students are often responsible. They pay the rent on time. They’ll stay for years. With these students, so you won’t need to worry about getting bad tenants that will give you nothing but headaches and problems. https://www.multihousingnews.com/why-more-investors-are-discovering-student-housing/