Skip to main content

Buy Property to Rent for College Housing

Off-Campus Housing Is Hot

DAILY REAL ESTATE NEWS | WEDNESDAY, OCTOBER 19, 2016 
Privately-owned housing that's built specifically for college students is proving to be a lucrative real estate investment in certain markets, according to new data from Axiometrics, commissioned by property management software company AppFolio. They conclude that these shifts could upend the dynamics in local real estate markets near major colleges and universities.
More than 47,000 new beds in privately-owned student housing are scheduled for delivery during the current semester, which is higher than any other year they examined. While the researchers expect more development to come online this time next year, they also suggest demand will remain high throughout 2017 and beyond.
"In all, more than 1,000 beds were added at each of 12 university markets. Of those, only two have more than 1,000 beds scheduled for 2017 delivery," writes Alexis Hammond, manager of marketing communications at AppFolio. "But as more students go to college, more student housing will be needed, and the sector looks to continue to be profitable for developers and property owners."
The report also finds that while enrollment is up at many universities across the nation, growth is highest in the South. In particular, Texas A&M is seeing a huge demand for student housing with enrollment up more than 15 percent.
Unlike colleges and universities in the northeast, many of these schools are located in smaller cities with populations between 100,000 and 200,000. Researchers say this means absorbing even a modest increase in student enrollment significantly impacts local real estate markets.

Comments

Post a Comment

Popular posts from this blog

5 Driveway Designs to Drive Up Your Homes Value

1.  Pavers:  Driveways with pavers are often found in the village area's of Boston, Rhode Island and Coastal communities like Pocasset, Cataumet and Monument Beach.  Very durable and many colors to choose from. This design often reminds me of Paul Revere days with candle light, lanterns and horses. 2.  Brick:    Brick  is bold, beautiful and long lasting.  Brick has multiple uses and can be combined to match your homes exterior.  You do have the ability to change the color to give a custom look to your design. A quick stop at  Pocasset Hardware  will provide you with a color key and guide to all the paints available to make your driveway stand out from your neighbors.   3.  Sea Shells:   A crushed  seashell  driveway adds character to your coastal home.  There is a little bit of a smell at first when laying the over your driveway, however in time you will loose the smell and gain a beautiful ...
Post a Comment
Read more

VA Mortgage Loans - A Look at the Pros and Cons

If you're a veteran or on active military duty, you’ve likely heard of a Veterans Affairs (VA) mortgage loan and are wondering if it’s a good choice for you. You could also be eligible for a VA loan if you’re the spouse of a military member who passed away while on active duty.  A fundamental difference with VA loans is that the VA guarantees the loans made by lenders, but doesn’t lend money. The VA’s backing for private financial institutions serves as insurance against losses if a borrower defaults on a loan.  Is a VA mortgage loan right for you? Here are some pros and cons to help you evaluate: Pros: There's no need to be a first-time buyer, and if you've used this benefit in the past, you can use it again on a future home purchase.  You could qualify for a Bourne VA loan with 100% financing, and no Private Mortgage Insurance (PMI); which is required on conventional loans if your down payment is less than 20%. With a conventional or an FHA loan, you'...
Post a Comment
Read more

33 ways to make your home energy-efficient

Not too long ago in our country's history, talking about making your house "greener" might get you labeled a hippie tree-hugger. But times change, and as gas, electricity, and water prices creep up, more and more homeowners are seeing the (strong) advantages that come with considering the environment when you make decisions about your household. Are you interested in making your home more energy-efficient -- and saving money in the bargain? You have a lot of options, from cheap to expensive, so read on to discover whether there are some big (or small) energy-saving opportunities that you're missing. Get an energy audit Most utility companies offer an energy audit, oftentimes for free: They'll send an expert out to your house to take a look at all your appliances, your lights, your windows, your doors, and more -- then make recommendations for changes you can make that will save energy (and money) every month. If you want a personalized rundown of everything...
Post a Comment
Read more