A flat for a student: how to prepare it?
Student digs are one of the most popular rental models, especially in large university cities. Thanks to affordable prices and convenient locations, they are in great demand among students. Renting out a flat to students can be a profitable undertaking, provided that the landlord prepares the property well and handles the formalities properly. Below you will find practical tips on how to set up student digs.
How to choose a flat to rent to students?
Location is one of the most important factors when choosing a flat to rent to students. The best properties are close to universities or in districts well connected to the campuses. A short commute to classes is without doubt extremely important for students.
In terms of layout, it is worth opting for large, multi-room properties that allow several tenants to share the costs. Separate, non-walk-through rooms are standard and give tenants privacy. A student flat also needs shared spaces – a large kitchen and at least a small living room.
For students who prefer to live on their own, studio flats are an excellent solution. It is important that they are inexpensive to run and offer basic furnishings and a functional layout.
How to divide a flat into rooms?
The division of a flat into rooms should comply with building law and the rules of the homeowners' association. Although the regulations do not specify a minimum room size, the landlord must ensure the comfort and safety of the tenants. At least one of the rooms should have an area of no less than 16 m². It is important to avoid overcrowding the property – an excessive number of residents can lead to more frequent technical problems associated with overloading the sewage or heating system.
Furnishing the flat – functionality and durability
Students look for flats that are ready to move into. That is why it is worth providing suitable furniture and equipment. Each room should be functional and equipped with basic furniture, namely a bed, a wardrobe, a desk and a chair. It is also important to provide good-quality lighting.
The durability of the furniture and the ease of looking after it also matter. The furnishings should be sturdy and the finishing materials easy to clean. Good choices for the flat are washable paint on the walls and protective floor coverings.
The property must have basic household appliances:
- a washing machine;
- a fridge;
- a powerful vacuum cleaner;
- a mop;
- a cooker.
Formalities and security of the let
A safe tenancy is the basis of successful cooperation between the landlord and the tenants. The tenancy agreement should be drawn up in writing and include an exact description of the flat's furnishings. What is more, it is worth considering signing a tenancy guarantee agreement with the student's parents. This will protect you against possible problems with payments.
The handover protocol is another important document. It should contain a detailed description of the condition of the flat and a list of the appliances in the property. In the event of damage or missing items on moving out, the protocol will make it easier to settle the deposit.
Summary
Renting out a flat to students can be a stable source of income, provided that the property is properly prepared and formal matters are taken care of. A convenient location, functional furnishings and comfortable conditions are the key to success. So take care of these elements, and your flat will quickly find tenants and provide you with a satisfactory income. Do you need support in the letting process? Entrust the matter to me, an experienced estate agent in Katowice, and you will save time and get rid of the stress associated with renting out a flat.
