Student Accommodation Business Plan

Student Accommodation Business Plan-7
Becker says that when you buy property in Stellenbosch it is advisable to compare that property to other apartments in different areas and schemes, and to ask the agent for the recent sales in the specific apartment block in order to ensure that you are in the same ballpark as other investors.

The global framework and deliverables remain constant in all countries involved, and the residence teams will receive training and implement flexible event schedules specially-tailored to local student markets.

Hartshorne said, “80 percent of National Student Housing Survey respondents in the UK said their accommodation has a direct impact on their overall sense of well-being.

Half the beauty of living in a property that has been designed for students is that there is loads of activity.

Students in studios don’t necessarily get to be part of the camaraderie and the community spirit in each of the flats.

Prospective buyers need to do comprehensive research on specific areas and apartment blocks to narrow down their search before entering the market.

Jacques Becker, Seeff agent in Stellenbosch, says that the student housing market in Stellenbosch has always been a very captive market and that investing in property here is a very good investment, especially when a property is close to campus.Many have designed or renovated their campuses with this in mind, offering more recreational activities, community events and counselling services.Nicholas Porter, chairman of GSA said,“Our student residents are now Gen Z, a generation which continues to wow the world with its conscientious, politically and socially aware approach, its determination to make the world a better place and a keen eye for fairness and value for money.), it could actually be detrimental to students’ well-being and overall university experience.Bobbi Hartshorne, GSA’s Global Head of Student Well-being said, “We are advocating reducing the number of studios.“[We should] make sure that we are not only building good buildings but we are also thinking about what the service standard and the care package looks like.” GSA is launching this nine-pillar framework after it’s successful run in the UK.It offers residents a broad variety of locally-relevant activities, between four and eight a month organised by residential assistants.Connecting with the Chinese student community was one of the major challenges faced by GSA, a long-term player in the accommodation sector, during a trial run of the framework in the UK.To solve this, GSA introduced Chinese-only events, which eventually led to bilingual events, language cafes and programs.Bachelor flats are very popular with investors for reasons such as low maintenance, high rentals, no transfer duties and a good return on your investment.Bezuidenhout warns against investing in old houses in order to turn them into student communes.

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