Are you planning to let your property to students? It is certainly a
grand idea for making money. But you must be aware of a few things too.
Your property needs great deal of renovation so that it becomes an ideal
student lodge. It is extremely important for you to realize that your
property must offer the basic amenities that would ensure comfortable
stay of your tenants. One more thing needs to be mentioned here. Since
you have planned to lend your home to students, you need to incorporate a
few extra things too. So, take a look at things you need to do for
student lettings:
White washing and wall treatment
The first most vital thing you need to do is to color the walls of your
home. This will impart a new look to your property. If you think that
it is going to be a costly affair, you can simply white wash the walls.
During the process, make it a point to seal the dents that may be
present in the walls. Also remember to treat the portions of the wall
where you may witness dampness or termites. When everything is done,
you can be assured that your student tenants will never complain about
water dripping from the ceiling or termites damaging their personal
property.
Renovation of furniture
While deciding to let student tenants stay in your home, you must be
aware that the furniture they will require may not be same as that of a
couple or a bachelor man. So, the basic ones that you need to provide
are standard sized beds, reading decks and chairs, additional sitting
attachments, master cupboards, small armories and wall fitted storage
compartments. It is fair enough if you already have such furniture. But
in case if you do not have them then you have to ask the carpenter to
make them before processing further with letting.
Lighting renovations
Since your tenants are students so your property must be such that it
enjoys ample of daylight. Similarly, it must have enough arrangements of
lighting during the evenings. It is needless to mention that the
primary activity of your student tenants will be studying. Therefore,
you have to be certain that your property serves their requirements and
their studies are never jeopardized with due to insufficient light. But
there are properties that do not enjoy sufficient day light. In such
cases, you have to compensate it with artificial electric lights. You
must also be aware that a student's room will require a few primary
lights that are of high intensity, such as a table lamp, a panel tube, a
couple of CFL bulbs and focus lamps. So, inspect carefully whether you
already have them or need an electrician to install them before student
letting.
Water supply
Water is most essential for every home. So, when a student tenant comes
to hire your property he/she will certainly like to inquire about it.
Therefore, have the necessary plumbing works done before to finally give
your home on rent. The plumbing job will include checking the pipeline
for leakages, investigating whether the exhaust pipe is working properly
and installing additional taps and pipelines if needed.
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