The term student housing is still majorly linked with various on-campus accommodations like dorms. But the situation at the ground is gradually changing today, owing to the arrival of lavish off-campus student housing. Such freestanding complexes are ideally not owned, operated or managed by a university, but still tend to be located as close to the campus as possible, while focusing primarily on renting to students. There are many companies that help in the development of such student housing facilities, Nelson Partners being one of them.
Unlike most of the off campus housing options, student apartments like purpose-built-student-housing projects are specifically designed for young adults. A lot of individual landlords are wary of having college students as renters owing to their rapid life changes and short-term lease needs. Even if a student renter stays in the same property for a full four to six years as they seek out a degree, there are many landlords who prefer longer commitment than that. On the other hand, as properties especially designed for off-campus student living are developed based on the patterns and habits of college students, they are more likely to accept the applications of the student even if they plan to pay off their rent with parental help or loans. This is a pretty normal arrangement when it comes to student housing, but more unusual for landlords habituated to renting to families and single professionals.
A few counties and cities also establish certain rental restrictions for the purpose of keeping students from filling up the housing options needed by families. If colleges are located near residential neighbors, a number of empty houses may not accept students for just this reason. Purpose-built student apartments are often the single exception to this rule, which makes them the best possible choice for students other than on-campus dorms.
The popularity of off-campus housing is majorly driven by the level of freedom it offers. Dorms tend to come with a variety of restrictions, starting from limits on guests to curfew timings. One can get way more than just a curfew free apartment by smartly exploring their off campus accommodation options. These housing facilities often come with a host of lavish amenities that are tailored to the needs and desires of modern students. There is a huge difference between Spartan concrete walled dorms of a college and private rooftop pools, bathrooms and gated parking facility.
A student housing facility is majorly occupied by residents sharing a common age group and similar interests. Hence, the amenities of specialized student housing projects are more appropriate to their lifestyle of students than traditional housing. Rather than weekly bingos and tennis counts, students would find study lounges, game rooms, and grilling stations for entertaining their friends. Nelson Partners Student Housing is a nationally recognized real estate investment firm that specializing in developing, acquiring and managing high quality purpose-built off-campus student housing properties