hi everyone,
I’m looking at buying an apartment which is rented out to uni students and I wasn’t sure if there was anything I should look out for that may be different to “normal” residential properties. I’m just starting out so any ideas will help.
Thanks.Hi Shane,
I’ve considered this option also, but remembering what myself and my friends were like when we were that age has somewhat deterred me from it.[biggrin]
Mark
I used to live in a 6 bedroom house during 1st year at uni. The owner rented each room individually, and didn’t live there himself.
Depending on the size of the place, you may need at least 2 refridgerators, and 2 washing machines.
Watch out for phones. probably don’t need one these days, but if you had a land line who would be responsible for the calls? You!
Electricity, you may be better off paying this yourself, and factoring it into the rent.
Cleaning. Some residents will be cleaner than others, and may resent cleaning up common areas under a shared arrangement etc
Terryw
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Parramatta
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As a current uni student renting thought i might give you the inside knowledge.
I dont think this is a deterent at all.
We pay pay all the bills phone/internet water/gas etc and the rent. I live with 3 other engineering male students and on the rare occasions we have a few ppl over for some beers and a bbq. [happy3]
Most Uni students that are renting have gone through the partying all the time stage on campus and are sick of that and move into a house with mates where they can get some work done. And also another thing to note is a lot of uni students are internationals who have a lot of money and good payers.
Obviously this is not the case with everyone.
Would you prefer 4 year kids drawing on your walls ?
Regards Jarred
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