It’s that time of year again when students start looking for new rental accommodation. If you’re a landlord, you should start thinking about preparing your property to rent for student tenants.
Decorate your student house with darker colours
While it is a general rule that rental properties should be decorated with neutral colours to attract the widest range of tenants, it is a good idea to choose darker neutral tones for a student property. Greys and dark browns will help to keep the property smart by making it appear less dirty. Remember that student tenants will typically only stay in a property for a year, so you will have more people moving in and out of your investment – darker colours will help to hide wear and tear.
Offer free broadband in student accommodation
If you’re struggling to find student tenants, think about the features that they look for in a property. Number one? Wifi. Offering free broadband in with the rent price will attract tenants that might have overlooked your property before. By focusing on something that’s important to students, they’re more likely to respect your property and pay the rent on time.
University is a learning curve for many. That’s why you should consider going electric in your rental property, rather than gas. Some tenants will be cooking for themselves for the first time, so avoid experiments going wrong with an electric hob. The last thing you want in the middle of the night is a phone call telling you your property has burnt down!
Pick easy-to-maintain flooring
Although wooden floors are appealing to many tenants, you should always pick the practical option for students. Going for a cheap, easy-to-maintain choice like linoleum will not only cut your initial spending, but also avoid huge payouts in the future if the floor becomes damaged. Putting lino in the kitchen and bathroom is a great option for student houses, as they’re super easy to clean and aren’t too expensive to replace if they suffer wear and tear.
Provide a desk in each student room
If you are advertising a property as a student house, it must have a desk and suitable chair in each bedroom. Putting in a large, modern desk will attract the right students (those that want to study!) and ensure you stick to your duties as a landlord.
Make sure the garden is easy to maintain
If your rental property has a garden, it is vital that a student will find it easy to maintain. The last thing you want when your tenants move out is an overgrown mess, so keep the garden minimal and simple. If the yard has a lawn, it is a good idea to provide your tenants with a lawnmower – remember that this is something a student is highly unlikely to own. Offering the tools needed to maintain a garden will give tenants more of an incentive to get to work and keep the area clear.
Offer a vacuum cleaner
Similarly, student tenants are unlikely to move in with a vacuum cleaner. Although it is their responsibility to keep the property clean and tidy, it could save you a lot of time and money at the end of the tenancy if you offer tenants a vacuum cleaner for the duration of their time there.
Protect your property with a landlord insurance
While student tenants are known for being reliable when it comes to paying the rent on time, many will be living away from home for the first time, and this can prove difficult for some. Renting to students poses a variety of risks to your property, but you can ensure that it is protected at all times. Choosing a market-leading Landlord Insurance provider, such as Just Landlords, will give you peace of mind throughout the lettings process. The Just Landlords policy has been rated 5-star by Defaqto and offers the widest cover available on the market.