Student housing can be a great way to save money while attending college. While it is tempting to go the familiar route and purchase a home in an up-and-coming student neighborhood, there are many advantages associated with living in off campus housing. Check out this list of things firms like Nelson Partners recommend you should expect when renting or buying property for students:
1: Find a Roommate Who Pays Rent
This is an easy way to split costs while living in student housing. If you are not so lucky as to have a child who will share the rent with you, there are many networks online where students can seek out roommates. Using these services is another great way to save money on rental housing.
2: Find Accommodations Close to Campus or Public Transportation
One of the best things about renting student housing is that it will often be close to your school. This means you won’t have to deal with traffic and can spend more time studying instead of commuting. Another great thing about living close to campus is that there may be public transportation options available right outside your front door.
3: Look For Student Housing That Comes Fully Furnished
While this may not seem like a perk, it can be great news for students who are trying to figure out how to move into student housing and also want to save money. If your new home is already created and decorated, you don’t have to worry about paying full price for all the furniture and decorations you want.
4: Is the Area Safe?
This may seem like a no-brainer, but it is important to keep in mind that this is where students will be living. When searching for student housing, make sure there are safety precautions in place and that living in the area is safe for both you and your belongings.
5: Additional On Site Amenities and Services
Many student housing communities come with additional amenities for students. Check to see if there is a fitness center, pool, shared TV area, etc. For parents especially, knowing these services are available may be a peace of mind enough to convince you that other apartments or homes don’t offer many of these benefits.
6: Access to Parking and Storage Facilities
If you have a car, it is likely that your student housing will provide parking options. In addition, houses or apartments near universities are often chock full of storage facilities for students who need additional space for all their belongings. Even if you don’t have a car or use storage facilities, these are great amenities to have available.
7: View Photos of the Unit Quality
When viewing student housing online, see photos of the quality of the unit. While many properties will tell you about all the different amenities and rooms they offer, it is always a good idea to look at high resolution photos so that you know what kind of quality you are getting.
8: Look for Properties That Offer Move in Specials
If you are looking for student housing, there may be many properties offering move-in specials to incentivize your renting or buying a home with them. This is one of the easiest ways to save money on your new rental unit, so take advantage when it’s available.
9: Ask About Payment Options
Before signing any payments on your new student housing, ask about payment options. Many properties offer monthly payments that are more manageable for students who need to pay their rent on a monthly basis. However, if you can afford an annual payment (which is often discounted), look into this option as well.
