It’s not a secret co-living in cities like Manchester, Sheffield and Leicester is growing in popularity. Many students are renting the huge number of tenants who are looking for excellent student accommodation in these thriving university cities with new options appearing in droves across the nation.
Manchester is in the middle of this development and has seen the construction of the UK’s first specially-built co-living project that has the totality of 900 bedrooms for young professionals and students to lease close to Manchester Piccadilly train station due to be completed within the next few days. Sheffield is currently home to five active co-housing communities within the city that cater to the requirements of students.
Students looking to expand their property portfolio, and get the most from the investment they make outside London, Manchester offers an ideal opportunity to expand and appears two times in this listing of student-friendly accommodation locations with the highest rent returns. Manchester is definitely one to be watched for if you’ve thought about expanding your existing HMO portfolio this year.
Co-living isn’t only taken off in the student housing market also. The idea of co-living aims to create a bridge between private and public use and presents a unique chance to build a feeling of community with both private and public spaces.
This kind of living provide an element of socialization to the student experience It also aims to solve the housing crisis currently in. The concept of co-living is being accepted by both developers and landlords in the student let market, as a starting point and many students are in favor of the idea of sharing a home with other students at the same institution.
The perceived benefits are increased social interaction that can help combat loneliness, and also making new acquaintances while at university. This is an enthralling topic currently there’s no reason to be surprised that many landlords are trying to increase their HMO inventory by making their homes more appealing to students ahead of the beginning of the academic year which is due to begin in just a few months.
Interior design trends for student co-living
First impressions do matter in attracting students to HMO and co-living homes. Many landlords are upgrading the housing stock by adding new features and decor to maximize the benefits of the growing popularity of multiple students living in the same residence.
Instead of getting the maximum number of student tenants it is possible to make the most profit Smart tenants and landlords are putting greater emphasis on creating attractive spaces for socializing. There are more multi-use areas being constructed to assist in this essential aspect of the student experience.
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The living spaces that can double as study spaces for groups, to kitchens with dining areas Maximising space for students to be more social is viewed as an advantage by prospective tenants who are students however, this comes with its own issues.
In the National Student Accommodation Survey 2019 the most significant housing problem for renters in the student market is the noise emitted by their housemates. Tenants who are loud can disrupt students and disrupt their sleep, therefore it’s a no-no for renters who are young. Over 45% of student tenants said that the sound created by co-living household members was their primary problem. A lot of new developments are focusing on the layout of new homes to address this issue with a clever layout, which means private quarters are in the most secluded areas as it is feasible.
Private landlords of private students with an existing HMO stocks, the capacity to implement the same procedure isn’t economically feasible in the majority cases Therefore, soundproofing specific rooms as a means of solving the issue of noisy living with your housemates is an alternative.
With 54 percent of students leasing from private landlords, the additional benefits that can be the difference between vacant rooms and the long list of students waiting to sign on a student tenancy.
Decoration is also crucial as well and you shouldn’t overlook the importance of giving your residential student residence a facelift. The goal is to make your property appear fresh and attractive.
Examples of this are to add a splash of colour using vibrant paint or geometric wallpapers to bring life to dull spaces and create the impression of a chic design without spending the money. For the best results try to extend this concept across the entire property, starting from common areas like the kitchen, and then into your bedrooms for a sense of consistency in style. This simple trick will create a luxurious and luxurious feel to your property.
Furniture and storage
The other essential elements of a living space that are shared include furniture and storage. As technology becomes smaller and less streamlined students are more inclined to sacrifice desk space to store their belongings in additional places like wardrobes and drawers for their belongings.
Desks remain a crucial element in student housing that is co-living but they shouldn’t be ignored. You should instead look for desks or chair sets with integrated drawers, and that double as dressing table. This allows tenants to maximize their space by adding extra storage space for books or personal belongings.
Students are also moving away from single beds in favour of double or queen bed sizes because this is what they’ve become used to in their homes which is why the more home-like features you can incorporate into your student housing, the more beneficial.
Another method that landlords who are students can promote co-living within their HMO properties is to make sure that there’s enough seating for everyone in the household, with a few additional seats for guests. This is accomplished by installing furniture that is modular in the living spaces and supplying cubes of seating that can be stored or placed in a stack during times of not use, and furnishing the space with light, vibrant plastic furniture that is able to move from one room space with ease.
Another trend that the student housing market is experiencing is the look of an indoor/outdoor space that includes a lot of natural and plants hues coming inside. The latest developments in cities like Manchester, Sheffield and Leicester are typically limited by the quantity of outdoor space that is available which is why any student landlord fortunate sufficient to own an outside space should make the best use of it. It is essential to create a safe and beautiful area for the household members to gather and relax in the fresh air.
Plants, artificial and synthetic are an excellent method of keeping outdoor areas beautiful all year long without having to ask tenants to devote their spare time doing garden chores. The air will remain clean, neat and inviting and will encourage more interaction between tenants since they’ll have the possibility of yoga in the morning or dining outside when the weather is suitable.
Practicality is also a factor in the design of interiors. Students landlords should pick durable and easily cleaned equipment and furniture for the student apartment renovations.
While pieces like vinyl or laminate flooring, and plastic-coated tables and work surfaces simplify maintenance and more durable, but their durability also makes them last more long than the natural material like wood.
Thus, select the materials and color schemes carefully and you’ll never be worried about whether your tenants are taking care of them as they ought to. If you’re unsure, think about advertising your student-run co-living unit as a high-end cleaned and maintained accommodation that is cleaned every week.