It’s not a secret co-living in places like Manchester, Sheffield and Leicester is becoming more popular. A growing number of tenant landlords for students tap the vast number of tenants looking for high-quality student housing in these cities of universities with new options appearing in a flurry all over the nation.
Manchester is in the middle of this development and has seen the construction of the first UK-specific co-living community with more than 900 rooms 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 co-housing associations that cater to the requirements of students.
Students looking to increase their property portfolio, and get an excellent return on investments outside London, Manchester offers an ideal opportunity to expand and appears two times in this listing of student housing locations with the highest rent returns. Manchester is certainly one to be watched in case you’ve been thinking about growing your existing HMO portfolio this year.
Co-living hasn’t only taken off in the student housing market as well. The idea of co-living aims to create a bridge between private and public uses and provides a fresh possibility to create a more sense of community in both private and public spaces.
This kind of living add social aspects to the student experience It also aims to tackle the current housing crisis. The concept of co-living is being accepted by both developers and landlords on the student lets market, as a starting point and many students are in favor of the idea of living in a house with other students at the same institution.
The benefits that are attributed to this are increased social interaction that can help combat loneliness, and also making new acquaintances while at university. Since this is such popular currently it’s not surprising that many landlords are trying to increase their HMO inventory by making their homes more appealing to tenants who are 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 are crucial when it comes to attracting student tenants to HMO and co-living homes. Many landlords are upgrading the housing stock by adding fresh additions and a new design to make the most of the increasing popularity of multiple students living in the same home.
Instead of getting students as many tenants as is feasible to maximize profits smart owners and pioneers of the market are putting greater emphasis on creating attractive social spaces. There are more multi-use areas being built to help aid in this crucial aspect of life for students.
The living spaces that can double as study spaces for groups, to kitchens that have dining tables Maximising space that allows students to be more social is considered a plus by prospective tenants who are students However, this comes with its own issues.
In the National Student Accommodation Survey 2019 The main issue with housing for renters who are students is the noise emitted by their housemates. The noise of noisy tenants can disrupt the sleep or study schedule, so it’s not a good idea for renters who are young. A majority of students said that the sound created by co-living homemates was their top issue. New developments are focused on the layout of new homes that are designed with this in mind, by utilizing clever design, ensuring private quarters are away from communal spaces as feasible.
Private student landlords who have an existing HMO stocks, the capacity to implement the same procedure isn’t economically feasible in the majority cases Therefore, soundproofing specific rooms to help solving the issue of noisy living with your housemates is an alternative.
With 54 percent of the student population living with private landlords it’s these benefits that can be the difference between vacant rooms and the long list of students waiting to sign the student tenancy agreement.
Decoration is also crucial as well and you shouldn’t overlook the importance of giving your residential student residence a facelift. The objective is to make the home appear fresh and attractive.
Examples of this are to add a splash of colour using vibrant paint or geometric wallpapers to brighten dull rooms and create the impression of chic style without spending an enormous amount. For the best results try to extend this concept throughout your home, beginning with spaces that are communal like the kitchen, and then into your private bedrooms to ensure consistency in style. This easy tip can provide a more luxurious and luxurious feel to your space.
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 likely to part with desk space to store their belongings in additional places like wardrobes and draws 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 that can also double as dressing table. This lets tenants maximize their space usage by having extra storage space for books or personal belongings.
Students are also shifting away from single beds in favour of double or queen bed sizes because this is what they are familiar with at home and the more homey features you can incorporate into your student residence, the more beneficial.
Another method that landlords who are students can promote co-living within their HMO homes is to ensure that there are enough seats for everyone in the household. It is also recommended to provide additional seats for guests. This can be accomplished by putting furniture that is modular in the living spaces by providing seating cubes which can be put away or put away during times of not use, and furnishing the space with light, vibrant plastic furniture that is able to move from one room room easily.
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Another trend that the market for student housing is witnessing is the indoor/outdoor style that includes a lot of natural and plants hues coming into the indoor space. The latest developments in cities like Manchester, Sheffield and Leicester are usually limited in the quantity of outdoor space that is available and any landlord who is fortunate with an outdoors space must make the best use of it. It is essential to create a safe and appealing area for the household members to gather and take in the fresh air.
Plants, artificial and synthetic are an excellent option to keep outdoor spaces beautiful all year long without requiring tenants to use their free time doing garden chores. The air will remain tidy, clean and welcoming and will encourage more interaction between tenants since they’ll have the option of yoga at the beginning of the day or outdoor dining whenever the weather is suitable.
Practicality is another factor in the design of interiors. Students landlords should pick durable and easily cleaned equipment and furniture for the student apartment renovations.
In addition, 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 much better than other natural substances like wood.
Thus, select your colors and materials carefully and you’ll never be worried that your students aren’t taking care of them as they ought to. If you’re not sure, think about advertising your student-run co-living unit as a high-end clean and serviced apartment with a cleaning staff each week.