Enter your email address for weekly access to top multifamily blogs!

Multifamily Blogs

This is some blog description about this site

Student Housing Wants and Needs

Student Housing Wants and Needs

This week marks a special time for many college students: the beginning of the fall semester. Students may be feeling the pressure of getting all their books, supplies, and living essentials in order, especially if this is their first time away from home. One aspect that many may overlook or not spend enough thought on is exactly where they’re going to live. Students may be unfamiliar with the area and unsure of what to look for in a student housing community. Many have already made their living arrangements but there’s still an opportunity for “late registrations.” Here are the top things students look for in a community.

Proximity to Campus

Students will seek communities close to campus. However, these communities fill up and are more than likely completely leased. On the flip side, don’t count out students who are seeking a good deal on rent. If your community can’t offer a short distance to campus, make up for it through affordable rent. Students will trade a longer commute for savings in the long run.

Student Room Sizes

College dorms can be the equivalent of living inside a closet. That’s why many seek off-campus housing. Students need room to study in peace; there’s nothing worse than having a roommate playing video games three feet away from you while studying for the big exam. They also desire privacy; that’s why they’re interested in an off-campus community. Show students how you can provide space and privacy and you’ll have an upper hand.

Furnished Spaces

Think about this from a student’s perspective: the less they have to move, the more appealing a community is. Beyond the obvious, such as a bed and furniture, consider offering higher-end accommodations. These come in the form of installed televisions, kitchen utensils, and anything you can think of. Students move a lot when in college; give them an incentive to keep coming back. Making their lives easier for moving in can also help you with rent prices.

College is an important time in a person’s life. Your community can appeal to new student residents by finding a good balance of the list above. If your community isn’t that close to campus, have your rent reflect it, but know when to draw a line. Provide generously sized rooms and community spaces for peace and quiet. Finally, the less they have to move, the more likely they’ll come to you. If you can provide these staples, you’ll get more than just an “A for effort!”

Rate this blog entry:
0
 
This comment was minimized by the moderator on the site

Students want to live where their friends are. It's as simple as that. When new students are admitted late, it's a mix of panic on their parents' part (students often allow their parents to find them housing) so it really becomes what the parents want for their children: safety is paramount, proximity to their student's classes is next, and they will want to read over the lease. Make nice with the parents and you're Golden.

  Mindy Sharp

Comment Below

  1. Posting comment as a guest. Sign up or login to your account.
Attachments (0 / 3)
Share Your Location
Managing a multifamily housing community can be difficult enough on its own. Add in the time it takes to handle a full drop box during rent week and you can all but kiss your sanity goodbye! Processing stacks upon stacks of paper checks and money orders might just be the most mind numbing part of property management. That doesn’t mean you can just tune out while you do it, though; it just takes 2 transposed numbers to force you to redo an entire afternoon’s worth of payments. But what can you d...
  STOP ask yourself do you do your follow up calls or thank you cards?!?!?!?  By Jolene Sopalski Leasing Specialist WRH Realty Services If you answered no to that question then I want you to hold up your right hand and pledge the following “ I will  start following up with my prospects no prospect will go un-followed up”. Good now if you are one of the ones that said yes I do my follow up calls and thank you cards I want to give you a big hug so just picture me giving&...
Demand for apartments in Dallas/Fort Worth is getting back on track. During the first three months of the year, renters absorbed 6,520 apartment units, the best quarterly demand performance seen since fall 2007. The occupied apartment count climbed by 9,970 units between March 2009 and March 2010. It appears that a stabilizing local economy is allowing apartment demand to pick up again. While the annual employment change numbers still look pretty bad, most of that loss actually occurr...