Many buy-to-let landlords purchase properties near universities in order to take advantage of the lucrative yields that the student rental market often has to offer, but in order to attract good quality student tenants it is important to know what they are looking for when it comes to renting a property.
To help you stay up to date with what student tenants wants, Glide, the utilities and service provider for students, has put together a handy guide based on research, conducted through YouGov Profiles, which surveyed 1,460 students taking part in their first university degree, to help understand what tenants are after when it comes to their accommodation.
Some 70% of students consider themselves an environmentalist as opposed to less than half - 46% - of the general public.
This generation is working for a better future and want to make a difference in the world, starting with their home, with nearly three quarters considering fitting solar panels on their home.
You should show your tenants that you are also aiming to improve the environment around your property, such as energy saving light bulbs, which in turn will reduce your electric bill by as much as 90%.
Broadband and social media
Wifi and broadband are crucial to students, not only for their studies, but their everyday lives as well.
Three in four - 75% - admit that they would not be able to manage without the internet and they value super-fast broadband far more highly than non-students, with 82% saying it is important to them, compared with 67% of the general public.
Students tend to use the internet as their main source of information, to connect via social media and to download materials to their phones and laptops.
Savings and their future
This generation is invested in their future and have plans for their savings. A massive 97% of Generation Z believe they will own their own home one day.
Despite travel ambitions, they see settling down in their own place as a life goal. With this in mind, they will look to save money anywhere they can to put toward their savings, meaning they are more likely to look for somewhere with low rent to live in the short term.
Party days are over
Binge-drinking rates have dropped a lot over the past few years and almost 30% of young people say they do not drink at all.
Most young adults prefer to stay in socialising with a few close friends and a takeaway, so, for these students, the days of wild parties are gone. That’s right - no drunken property damage, noise complaints and a stain that you can’t quite work out what it is. Instead, students are a lot more house-proud and cleaning is becoming more of a trend.
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